ANNIVERSARY SPECIAL: WA's mining industry has undergone a dramatic transformation over the past quarter of a century, with iron ore replacing gold as the state's most valuable commodity.
The production ramp-up at iron ore miner Roy Hill Holdings has helped the company lift annual profit by 69 per cent, in turn boosting the annual earnings of its major shareholder, Gina Rinehart's Hancock Prospecting.
Power Ledger co-founder Jemma Green has been named as EY's fintech entrepreneur of the year at the national awards in Sydney last night, while Melbourne-based Jo Horgan took out the main award.
The money-making power of Gina Rinehart's mining business has been abundantly demonstrated in the group's latest financial results, with her private company Hancock Prospecting lifting annual net profit 28 per cent to $1.37 billion.
A Supreme Court ruling has shed light on the multi-million dollar legal bills incurred by Gina Rinehart's Hancock Prospecting and Wright Prospecting in their long-running battle over ownership of the Rhodes Ridge iron ore deposit in the Pilbara.
SPECIAL REPORT: Gold Corporation, Alcoa, Roy Hill and Chevron have all posted higher revenue numbers in Business News' annual analysis of WA's biggest exporters.
Atlas Iron has announced a raft of board changes, including the appointment of former state government tourism boss Stephen Wood and National Australia Bank executive Spiro Pappas.
BCI Minerals has confirmed it is in discussions with multiple parties over the sale of its Pilbara iron ore assets, including three current producers and one aspiring port developer.
Gina Rinehart's Hancock Prospecting plans to focus on how to integrate Atlas Iron's operations into its existing business after acquiring more than a 90 per cent shareholding in the struggling iron ore miner.
Rio Tinto and Hancock Prospecting have today opened a new mining pit that will help sustain production volumes at their jointly owned Hope Downs operation in the Pilbara.
Fortescue Metals Group has sold its blocking stake in Atlas Iron, after Gina Rinehart's Hancock Prospecting increased its takeover offer for a second time last week.
Gina Rinehart's Hancock Prospecting has conditionally upped its takeover offer for Atlas Iron in a bid to win over Fortescue Metals Group, which holds a blocking stake.
Fortescue Metals Group has reduced its stake in Atlas Iron but crucially still holds more than 10 per cent, meaning Gina Rinehart's Hancock Prospecting will not be able to acquire full ownership of the takeover target.
UPDATED: Gina Rinehart's Hancock Prospecting announced late Friday it has increased its stake in takeover target Atlas Iron to 56 per cent, giving it effective control, and extended its $390 million offer for two weeks.
Demand for office space in West Perth has fluctuated widely with commodity prices and the mining sector's fortunes but the suburb is now attracting interest from diverse industry sectors.
Hancock Prospecting's $390 million takeover bid for struggling iron ore miner Atlas Iron has been endorsed by independent expert BDO, which found the pricing was fair and reasonable.
Roy Hill Holdings has introduced a staff profit scheme after achieving its 55mtpa production target and has confirmed its interest in expanding to 60mtpa.
The Takeovers Panel has dismissed an application from Fortescue Metals Group questioning the veracity of Hancock Prospecting's $390 million bid for Atlas Iron.
The board of Atlas Iron has unanimously recommended a revised bidder's statement from Hancock Prospecting, while also announcing the suspension of production at its Mt Dove iron ore mine due to challenging market conditions.
The future of Atlas Iron has been further muddied today after the takeover target said the state government had indicated to media it could compromise on its policy regarding development rights at Port Hedland if either Fortescue Metals Group or Hancock Prospecting takes control of the junior miner.
The battle for Atlas Iron has taken another twist after Fortescue Metals Group submitted an application to the Takeovers Panel questioning the veracity of the $390 million takeover offer by Gina Rinehart's Hancock Prospecting.
Chris Ellison-led Mineral Resources has decided against making a counter offer to Gina Rinehart's $390 million takeover bid for junior miner Atlas Iron.
Gina Rinehart-led Hancock Prospecting has proposed a $390 million takeover offer for Atlas Iron, less than a week after purchasing a 19.9 per cent stake in the junior miner.
Atlas Iron has disclosed it no longer holds exclusive port development rights at Port Hedland that were central to the takeover battle that has involved three mining heavyweights buying shares in the company.
Gina Rinehart's Hancock Prospecting has acquired a 19.6 per cent shareholding in takeover target Atlas Iron, joining Mineral Resources and Fortescue Metals Group in the battle for control of the mid-cap iron ore miner.
Gina Rinehart's four children have joined their mining mogul mother among the world's richest people, with nine Western Australians included in Forbes' latest world billionaire rankings.
SPECIAL REPORT: Gina Rinehart's Hancock Prospecting and its subsidiary, Roy Hill Holdings, have moved to the top of the Business News annual ranking of private companies in Western Australia, as their surging revenue put them ahead of building company BGC Australia.
Lotterywest has increased funding for Fringe World Festival and Sculpture by the Sea, committing $1.9 million to the month-long arts festival and $77,000 across a three-year partnership with the co
SPECIAL REPORT: The five WA people with the largest holdings in listed companies have earned around $1.5 billion in dividends in the past five years, with Andrew Forrest and Kerry Stokes leading the way. Click through for our list of 50 directors and investors with holdings worth more than $11 billion between them.
Gina Rinehart's Hancock Prospecting Group more than doubled profit to $1.1 billion in the year to June, the highest level since 2011, with the company paying or providing for $767 million in dividends to the family.
SPECIAL REPORT: Mitsui & Company, Shell and Itochu Corporation are among a swag of businesses that have made substantial investments in the state's exporting industries over the decades, showing that foreign investors can contribute without directly operating assets.
SPECIAL REPORT: Roy Hill Holdings and Chevon have joined the likes of Rio Tinto, BHP, Woodside and CBH Group in an updated ranking of WA's largest exporters in the BNiQ Search Engine.
