News Articles for Hancock Prospecting

Analysts argue iron ore prices won't have to fall far to inflict pain.

Resources companies hope a decision on Port Hedland's South West Creek development is imminent, helping unlock higher iron ore exports.

The Supreme Court has dismissed an application by Hancock Prospecting for a separate trial over ownership of lucrative iron ore tenements in the Pilbara.

The surge in iron ore prices over the past three years has delivered some spectacular returns for investors.Fortescue Metals Group – a pure-play iron ore stock – and Mineral Resource

Hancock Prospecting will own a 10 per cent stake in Western Australian medicinal cannabis company Little Green Pharma after participating in a $27.2 million capital raising.

Hancock Prospecting has backed a $1 million personal donation to the Special Air Services Resources Fund by its executive chair Gina Rinehart with a further $500,000 contribution to the special vehicle to support Australia's elite soldiers.

Where will dozens of departing members of state parliament find themselves in the months ahead?

With the big iron ore miners continuing to make record profits, is the WA community getting a fair return?

Roy Hill Holdings has announced a new leadership structure, with Barry Fitzgerald taking a board role and Gerhard Veldsman being promoted to chief executive.

A low-profile WA family that has amassed a $300 million fortune from iron ore royalties has come to prominence by developing a head office in West Perth.

Hancock Prospecting's Atlas Iron has taken a major step towards launching its McPhee Creek Iron Ore project, referring the proposal to the EPA this week.

Local lithium play Vulcan Energy Resources has secured a cornerstone investment from Gina Rinehart's Hancock Prospecting, as part of a $120 million placement.

The ranking of WA's largest private companies has changed dramatically over the past decade.

The updated WA ‘rich list' shows the state's iron ore magnates are moving far ahead of people who made their money in other industries.

Atlas Iron more than doubled its earnings this past financial year to $510 million, helped by increased production and a strong iron ore price.

Roy Hill sales hit $6.4 billion in the year to June, with the company reporting payment of more than $900 million in taxes.

Gina Rinehart's Hancock Prospecting has grown its net profit to about $4 billion, while the group's largest revenue earner repaid its entire debt over the financial year.

Mining magnate Gina Rinehart has become Australia's richest person after her net worth jumped 109 per cent to nearly $29 billion.

Expansion plans are in the works for some of WA's biggest exporters, but commodity prices and projects face uncertainty.

Gina Rinehart has made history, becoming the first woman to win the GJ Stokes Memorial Award at Kalgoorlie's Diggers & Dealers mining forum.

Mineral Resources has reported a strong lift in earnings and dividends and outlined plans to double iron ore exports if it gains approval for a new port development.

The federal government will provide $100 million to more than 300 charities, Minderoo Foundation committed $5 million to community initiatives, and Gina Rinehart donated $6 million to the Royal Flying Doctor Service of Australia over the weekend to help charities meet increased demand.

Hancock Prospecting subsidiary Atlas Iron has awarded a $38 million contract to MACA for early civil work at the Corunna Downs iron ore project in the Pilbara, nearly two months after it was a

Iron ore miner Roy Hill Holdings is taking a further leap into the world of autonomous mining, selecting Epiroc and ASI Mining to convert its fleet of 77 trucks from manned to driverless use.

Julian Wright has commenced legal action in the Supreme Court, claiming he was defrauded when he sold his share of the family company to his siblings, 'rich listers' Angela Bennett and the late Michael Wright.

Private companies and not-for-profit businesses play a prominent role in the West Australian economy, with annual revenue at the top 20 exceeding $32 billion, according to data compiled by Business News.

Atlas Iron is planning to start development of its Corunna Downs iron ore project in the Pilbara by mid-year, at a cost of around $50 million, after the Environmental Protection Authority recommended approval.

Nine WA-linked resources businesses are ranked among the country's top 20 corporate taxpayers, despite a widespread perception the industry does not pay its way.

OPINION: A new US meal-delivery model could make its way to Australia.

West Perth-based Catalyst Metals has received commitments to raise $7.9 million through a share placement, backed by Gina Rinehart's Hancock Prospecting, to accelerate its Four Eagles and Tandarra gold projects in Victoria.

Two of WA's most influential women presented competing views on the role of government at a recent agribusiness forum.

Gina Rinehart's Hancock Prospecting and its subsidiary Roy Hill Holdings have delivered bumper profits off the back of higher iron ore prices, with Hancock posting a profit of $2.6 billion for the year to June 2019.

Uranium miner Paladin Energy has appointed Cliff Lawrenson as its non-executive chairman, after Rick Crabb announced his intention to step down from the role.

Gina Rinehart's Hancock Prospecting may have to pour more funds into the severely cash-strapped UK-based Sirius Minerals, after the company shelved a $US500 million bond issue for a multi-billion dollar potash project in the UK, blaming factors such as a lack of government support and Brexit uncertainty.

Gina Rinehart's Hancock Prospecting appears to have emerged victorious in its $644 million bid to acquire metallurgical coal hopeful Riversdale Resources, after Resource Capital Funds accepted the deal.

The independent directors of Sydney-based Riversdale Resources have urged shareholders to reject the $2.20 per-share offer lobbed by Gina Rinehart's Hancock Prospecting last month.

Catalyst Metals has announced that Gold Exploration Victoria, a subsidiary of Hancock Prospecting, has agreed to subscribe for a $13.02 million placement of Catalyst shares.

Gina Rinehart's Hancock Prospecting is aiming to further diversify its operations by taking over Sydney-based Riversdale Resources, which is focused on developing a new coal project in Canada.

SPECIAL REPORT: Western Australia's iron ore industry has reshaped the BNiQ ranking of the state's largest private companies.

Mining mogul Gina Rinehart retains her spot at the top of Forbes' Aussie rich list despite falling iron ore prices knocking her wealth down $US1.8 billion, to $US14.8 billion (down approximately $2.5 billion, to approximately $20.6 billion).