Gina Rinehart's Hancock Prospecting has grown its stake in Las Vegas-headquartered producer MP Materials, building on the mining magnate's rare earths portfolio.
With “hematite” iron ore discoveries slowing to a trickle, billionaires and others are turning to the once-maligned poor cousin of the iron ore industry “magnetite” that comes with almost biblical scale.
Perth company Wright Prospecting has reported another massive profit as its low-key owners reap the benefits of an iron ore royalties deal negotiated more than 50 years ago.
Gina Rinehart's Hancock Prospecting has struck a deal to buy Mineral Resources' Perth Basin gas assets for up to $1.13 billion and pledged to accelerate their development.
Annual production at Hancock Prospecting's proposed Mulga Downs iron ore mine in the Pilbara has been cut from 20 million tonnes to 12mt after the miner slashed the project footprint.
The state's peak planning body has approved a $145 million gas plant at Gina Rinehart's Hancock Energy and John Poynton-chaired Strike Energy's West Erregulla project.
The Australian Energy Market Operator has given Strike Energy's proposed South Erregulla peaking power plant a leg up, granting it credits to contribute to the electricity grid in 2026.
Strike Energy chair John Poynton has committed to restoring value in the company's stock, after an abrupt sell-down triggered by exploration disappointment earlier this year.
WA Defence Industry Minister Paul Papalia has endorsed the thinking behind Gina Rinehart's Pilbara ‘iron dome' concept, as the state pushes for protection of its economic heartland.
Gina Rinehart has warned against policies that attack Australia's “mining golden geese”, after Hancock Prospecting was awarded long awaited approvals for its McPhee iron ore project.
Perth Basin producer Strike Energy has made two new discoveries during drilling at its Erregulla Deep-1 well, intercepting gas at depths never previously encountered in the region.
Hancock Prospecting chief executive of operations Gerhard Veldsman has warned of the dangers of resources policy pitfalls, in the context of the company's magnetite ambitions.
Founding Azure Minerals managing director and chief executive Tony Rovira has stepped down from the company, following this year's acquisition by Hancock Prospecting and SQM.
A joint venture between Gina Rinehart's Hancock Energy and John Poynton-chaired Strike Energy has been granted a gas production licence at the West Erregulla project in the Perth Basin.
In tough recent times for many junior mining companies on the ASX, luring a financially-powerful “big dog” onto the share register to provide some much-needed muscle has become a common boardroom pursuit. Bulls N' Bears takes look at some of those companies which have received both a timely cash injection and a share price boost up to recent highs.
Triangle Energy says its recent $4m capital raise was well supported by financial institutions and sophisticated investors as the company prepares to break out the drill rig for the first time in years in the Perth basin. Triangle is pivoting out of its near depleted Cliff Head offshore oil well and back into exploration with two interesting looking Perth Basin oil and gas plays.
Gina Rinehart's Hancock Prospecting and its joint venture partners have put a $5 billion price tag on developing a major magnetite mine in the Yilgarn.
Shares in West Perth-based gold producer Catalyst Metals closed trade up 23 per cent on Wednesday to $1.41, following news it produced 110,000 ounces of gold during the 2024 financial year.
A Perth Basin gas project jointly owned by Gina Rinehart's Hancock Energy and John Poynton-chaired Strike Energy has been granted a key state approval.
A proposal by Gina Rinehart-backed Senex Energy to develop and run as many as 151 new coal seam gas wells in Queensland was ticked off by the federal government this week.
The Business Council of Australia has outlined fresh concerns over the remit of a federal Environmental Protection Agency, after a Bill was introduced to parliament today.
New financial reports show a handful of Aboriginal groups gaining more income from mining royalties but others going backwards, while the sector as a whole remains the poor cousin.
Hancock Prospecting projects chief executive Sanjiv Manchanda has lashed out at government intervention in the mining industry and called for Nature Positive to be scrapped.
A project-wide lithium sweep of St George Mining's Mt Alexander operation near the historic Western Australian town of Menzies has isolated multiple new drill targets for a campaign slated to launch in the second half of this year. The company's soil sampling and lithium pegmatite fertility review also identified geochemical analogues and a relationship between local gold mineralisation and pegmatites.
The state government could be dragged to court by Pilbara traditional owners for failing to clean up Wittenoom's mountains of deadly asbestos tailings.
The Foreign Investment Review Board has given its tick to a move from a joint venture between Gina Rinehart's Hancock Prospecting and Chilean lithium giant SQM for Azure Minerals.
Lower commodity prices have played a role in Lynas Rare Earths revenue taking a hit in the March 2024 quarter, along with news that the cost of its Kalgoorlie processing facility is set to rise.
Mark Pownall and Jack McGinn discuss subsidy warnings; WA Labor's next generation; Hancock's Lynas stake, tailings clean up, Minderoo job cuts, Macmahon's move for Decmil and Inpex's Ichthys decision.
Copper-gold explorer Titan Minerals has inked a joint venture partnership worth more than $185 million with a Hancock Prospecting subsidiary for one of its southern Ecuador projects.
Wittenoom's asbestos tailings would cost $200 million to clean up, according to a buried state government report which also details a preferred remediation method
