News Articles for Hancock Prospecting

Senior editor Mark Beyer talks about some of the innovative ways that WA's biggest businesses are retaining employees.

Gina Rinehart's Hancock Prospecting could help solve a looming WA gas shortage, pledging to boost Perth Basin investment as it becomes the third company chasing Warrego Energy.

Gina Rinehart has continued to reap big gains from the iron ore sector, with Roy Hill Holdings declaring another large dividend despite a fall in annual profit.

Hancock Prospecting subsidiary Atlas Iron has paid a maiden dividend of $225 million despite a big fall in annual profit and plans to invest $700 million in new iron ore projects.

Behemoths of Western Australia's resources sector will tip $750 million into a new community investment initiative to bankroll a cohort of legacy projects in the state.

A $6 billion plan to expand the Roy Hill iron ore operation to 100mtpa will be put at risk by the federal government's proposed IR changes, Hancock Prospecting has warned.

St George Mining has moved quickly to top up its landholding at its Mt Alexander project near Leonora following the discovery of lithium mineralisation during its maiden drill program adding an exploration licence to its portfolio and lodging an application for a prospecting licence. Both tenements are neighbouring St George's Jailbreak prospect where the company currently has an aggressive drilling program underway.

New data reveals just how much WA businesses contributed to the federal treasury during the pandemic, with 10 corporates paying $27.5 billion in the year to June 2021.

Rio Tinto and Wright Prospecting have paved the way for development of a major new, high-grade iron ore mine that will be pivotal to the future of both companies.

After further field work, mineral explorer St George Mining believes it has significantly expanded the lithium potential of its Mt Alexander nickel — and now lithium — project 95km west of Leonora in WA. Since first announcing it was on the lithium trail in early September, the explorer has identified an increasing number of pegmatite outcrops in its field mapping efforts across a 15km zone of pegmatite dykes at its project.

Family offices are becoming more prominent in the investment space.

Hancock Prospecting has paid what is believed to be a record price for the six-storey building currently occupied by Santos.

Resources billionaire Gina Rinehart has been named Australia's wealthiest person for a third consecutive year, followed closely by fellow Western Australian and iron ore magnate Andrew Forrest.

WA, and the Pilbara in particular, stand to benefit from federal budget funding for ‘transformational' projects.

Hancock Prospecting's plan to earn-in to a slice of a Yilgarn magnetite project is proceeding, with the deal finalised just days after a new trade agreement with India.

A likely change of power in Canberra this year will have little bearing on the makeup of WA's political and business leaders. Click through to see our updated ranking of WA's 50 Most Influential.

Western Australian billionaires Gina Rinehart and Andrew Forrest have topped the list of Australia's wealthiest 250 for 2022, with Canva founders Melanie Perkins and Cliff Obrecht scoring a spot in the top 10.

Hancock Group has been cleared to proceed with its largest investment into the energy sector after the federal court approved its joint bid with POSCO to acquire Senex Energy.

Atlas Iron's Miralga Creek mine has produced its first iron ore, with the project built by a joint venture including Indigenous contractor East West Pilbara.

Gina Rinehart-led Hancock Prospecting's Mulga Downs iron ore project will be subject to a major review by the environmental watchdog.

The businesses that dominate the unlisted landscape are very different from 20 years ago.

New data details the expansion of Andrew and Nicola Forrest's private company, Tattarang. Click through to see our latest ranking and analysis of Western Australia's largest private companies.

The state government has managed to strike a deal that promises to satisfy each of the mining giants battling for a larger slice of the port of Port Hedland.

Hancock Prospecting has struck agreements to sell eight cattle stations across Australia and is looking to sell two more but said it remains committed to the agriculture sector.

Gina Rinehart's Hancock Prospecting has established a formal partnership with the Australian Olympic Committee, extending her long-running support for multiple Olympic sports.

Fortescue Metals Group has continued to surprise the market with its ambitious plans, striking an agreement with Sinosteel to evaluate a magnetite mine in the Mid West and a port at Oakajee.

Worker shortages and supply chain issues could disrupt major projects in WA worth more than $50 billion. Click for our updated list of major projects.

Hancock Prospecting has lodged documents with the Environmental Protection Authority for a 20 million tonnes per annum iron ore project at Mulga Downs.

Mining magnate Gina Rinehart has become the latest high-profile businessperson used to market an alleged crypto scam, with photos and fake quotes appearing online.

Mining giant Rio Tinto paid more than $1 billion in royalties to four Perth families last year as a result of deals struck by their forebears in the 1960s.

Roy Hill has awarded MACA with a $70 million contract to continue open pit services at the iron ore miner's namesake operation in the Pilbara.

Mineral Resources has struck an agreement with Gina Rinehart's Hancock Prospecting to jointly pursue the development of a new export berth at Port Hedland's South West Creek.

Gina Rinehart's private company has posted an 80 per cent jump in annual profit to a mammoth $7.3 billion, underscoring her ranking as Australia's wealthiest person.

Hancock Prospecting-owned Atlas Iron is the latest player to reap the benefits of a buoyant iron ore market, posting a $938 million profit for the end of the financial year.

Iron ore miner Roy Hill Holdings doubled its profit last year to $4.4 billion, triggering a big dividend payout to shareholders led by Gina Rinehart's Hancock Prospecting.

Shares in Legacy Iron Ore were up 36 per cent today after the company struck an earn-in agreement with Gina Rinehart's Hancock Prospecting.

Our weekly appointments wrap includes John McKillop and Graham Fyfe.

A Perth lithium play backed by Gina Rinehart is seeking to fend off claims from a short selling fund that says its namesake zero carbon lithium project in Germany is a “non-starter.”

Hancock Prospecting's Atlas Iron is progressing plans to expand its Sanjiv Ridge iron ore project, with the EPA reviewing the development of a satellite mine to boost production.

Privately-owned Perth company Wright Prospecting has posted yet another extraordinarily large annual profit as it reaped the benefits of the booming iron ore market.