Clive Palmer is worth more than $5b.
Clive Palmer is worth more than $5b. IAN HITCHCOCK

Mining magnates top rich list

AS 4000 Central Queensland coal workers battle for better pay, mining magnates have dominated the upper tier of Australia’s richest people.

Business magazine BRW yesterday unveiled the nation’s richest 200 people.

A small group of Central Queenslanders made the list (see other story on this page) which was headed by Gina Rinehart, the West Australian billionaire who it was reported only last week was looking to sell her coal interests in Central Queensland.

Ms Rinehart’s personal fortune was valued at $10.31 billion.

Fellow mining magnate Andrew Forrest came in third, while Queensland’s Clive Palmer ranked fifth with a value just over $5 billion.

Much of Mr Palmer’s wealth is attributed to his extensive coal interests in Central Queensland.

Other mining magnate billionaires with a link to Central Queensland who made the list include Nathan Tinkler and Chris Wallin who runs Qcoal.

The list was unveiled as workers consider strike action at seven Central Queensland coal mines where pay negotiations between unions and BHP Billiton have reached a stalemate.

The Morning Bulletin’s report on this yesterday drew a mixed response from readers.

Some online respondents said the workers were being greedy and should be sacked with the jobs given to those who appreciated the big money on offer.

Others said the miners had every right to fight for better conditions as they worked hard for their money.



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