News Articles for Hancock Prospecting

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.

ASX-listed SRG Global has acquired $225 million worth of contracts across Australia with existing clients.

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.

SH Mining has completed its $1.7 billion takeover of Australian mineral exploration company Azure Minerals at a price of $3.70 per share.

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.

Wittenoom's asbestos-laced racetrack and airstrip will not be remediated as part of work to bury the town's contaminated infrastructure

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.

The annual exhibition has been a feature of the local arts scene for 20 years, attracting thousands of tourists to Perth.

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

Gina Rinehart's Hancock Prospecting has amassed a substantial stake in Lynas Rare Earths, cementing its foothold in another major rare earth producer.

Shareholders in takeover target and lithium hopeful Azure Minerals have overwhelmingly voted in favour of Hancock Prospecting and SQM's $1.7 billion offer.

Hancock Prospecting has urged Azure Minerals shareholders to back the $1.7 billion takeover offer to “avoid future challenges and uncertainties” amid market volatility.

Western Australian artist Johannes Pannekoek has won the $30,000 Hancock Prospecting and Roy Hill Sculpture Award, kicking off the 20th year of Sculpture by the Sea, Cottesloe

The Workforce Gender Equality Agency has published gender pay gap data on more than 400 WA private sector companies, shedding a light on remuneration disparities.

Chris Ellison-chaired Delta Lithium has provided updates on its Yinnetharra and Mt Ida lithium projects, located in the Gascoyne and Goldfields regions.

Gina Rinehart is expected to splurge on her workers as part of her birthday bonus raffle, which is understood to become an annual event.

Clive Palmer's Mineralogy was the nation's largest political donor last financial year, while a private WA company donated more than $1 million to the group behind the Voice to Parliament referendum's No campaign.

The annual Business News corporate finance survey has highlighted the top advisers in the WA market and the emergence of a new style of strategic investor.

Minerals exploration and development company GreenTech Metals has suddenly found itself next to a new power-play among lithium giants right next door to its own developing West Pilbara lithium project in Western Australia. Significant corporate activity is targeting the region, including global lithium giant SQM's joint venture (JV) with Novo Resources and separately, SQM and Hancock Prospecting's $1.7 billion bid for Azure Minerals.

Diversified miner Mineral Resources says its in-house operations model has allowed it to keep its lithium business profitable and cash flow positive, despite depressed market conditions.

Liontown Resources shares drifted to 88.5 cents per share today following an update of its $760 million debt funding package for the Kathleen Valley lithium project.

US company Albemarle has appointed brokers to sell its stake in Liontown Resources, three months after Hancock Prospecting effectively blocked its $6.6 billion takeover bid.

Gina Rinehart's Hancock Prospecting has partnered with Chilean lithium giant SQM in a new $1.7 billion bid for lithium takeover target Azure Minerals.

Atlas Iron has revealed it will sponsor a high-performance coach at Artistic Swimming WA, on the same day Gina Rinehart was nominated as the first life member of the organisation.

The complex litigation over iron ore royalties resumed in court with Hancock Prospecting's lawyer coming out swinging against claims made by Gina Rinehart's children.

A South Perth apartment building purchased by Gina Rinehart will be refurbished to provide much-needed accommodation for Western Australian veterans.

Gina Rinehart has bought into South West tourism icon the Bunbury Farmers Market through making a "majority investment" in the business.

Gina Rinehart's eldest children have shown up to observe the Supreme Court trial disputing the ownership of assets under their grandfather's mining empire.

Gina Rinehart's Atlas Iron has taken a swipe at the state government's environmental approval process over conditions for its delayed iron ore project.