News Articles for Hancock Prospecting

After five consecutive years at the top of Forbes Australia's rich list, mining magnate Gina Rinehart is no longer Australia's wealthiest person.

Billionaire Gina Rinehart has seen off the first shipment of iron ore from her $10 billion Roy Hill project, on the same day BC Iron entered a trading halt ahead of a review of its Nullagine joint venture project.

Billionaire Gina Rinehart is excited about the Roy Hill project's expected first iron ore shipment this week despite the commodity trading at a fresh 10-year low.

The environmental watchdog has given its nod of approval for the proposed expansion of a Hope Downs joint venture-owned iron ore mine near Newman.

Gina Rinehart's Hancock Prospecting has been affected by weak commodity prices and is bracing for more of the same, revealing its 2014-15 revenue slid by more than 22 per cent to $2.04 billion.

SPECIAL REPORT: What's next for the iron ore sector, as the final two ‘mega' iron ore projects approach completion in the Pilbara?

SPECIAL REPORT: For the second year running, the value of shares held by company directors in WA has fallen sharply, though some operators defied the trend.

From mining to agriculture, technology and finance, 40under40 award winners have been making news this year.

SPECIAL REPORT: Earnings for the state from the powerhouse minerals and energy industries have softened, but agriculture, among other sectors, will create opportunities. Business News also takes an in depth look at Bunbury port, where a big expansion plan needs community backing and solid regional demand growth.

The billionaire Rinehart and Wright families have scored a multi-million dollar High Court win against mining giant Rio Tinto over iron ore royalties derived from the Pilbara.

Logistics company Qube Holdings has written down the value of its port assets at Utah Point and Dampier by $38.5 million, after reviewing the outlook for the iron ore and oil and gas sectors.

Three of Gina Rinehart's companies have collectively been fined $130,000 for lodging their financial reports too late, as the requirement for large proprietary companies to release annual financial statements has come under question.

Raw Hire will close its Pilbara vehicle hire operations in response to the mining slow down.

If you're wondering why the outlook for iron ore remains grim despite last night's price rise to a three-month high of $US63.10 a tonne, it is partly because Western Australia's iron ore miners have a new competitor – themselves.

Nextgen Group has signed a deal to supply Hancock Prospecting's Roy Hill iron ore project in the Pilbara with a high-speed data connection.

Decmil Group has won about $40 million worth of work at Hancock Prospecting's Roy Hill iron ore project in the Pilbara, building on its portfolio of port, rail and fuel infrastructure work already under way at the site.

Private equity funds are turning into long-term owners of some major WA businesses, after being unable to complete their planned exits.

Demand for Western Australian agricultural property assets is expected to run hot throughout 2015, with offshore buyers not expected to be deterred by new rules for foreign investment in farmland.

Iron ore magnate Gina Rinehart has agreed to invest in WA business Bannister Downs Dairy, to support a planned $20 million-plus expansion of the niche dairy producer.

The international stage has helped this year's local business and political leaders stand out from the pack – including our Person of the Year, Richard Goyder.

Australia's free trade agreement with China is likely to deliver significant benefits to agricultural exporters but the gains will be mainly indirect and apparent over the longer term, a report by Rabobank has concluded.

Gina Rinehart has shown the dogged determination of an entrepreneur to develop the Roy Hill iron ore project.

This is a speech delivered by Gina Rinehart at the Mining and Related Industry Awards lunch in Darwin.

BGC is still WA's largest private company, but Hancock Prospecting looms large.

Founding director of Perth-based global mining software developer Micromine, Graeme Tuder, has joined the ranks of some of Australia's biggest names in exporting after being named an Australian Export Hero.

A senior figure in Western Australia's construction and mining industry, Sharon Warburton, has won this year's Telstra Business Woman of the year award for the state.

The appointment of investment banker Michael Ashforth as manager of the Bennett family's $1.5 billion fortune highlights the maturing of Western Australia's private wealth market.

Opportunities in the huge markets to Australia's north are driving greater corporatisation of the agriculture sector.

Property transactions in the agribusiness sector are heating up, with considerable activity in the first six months of 2014, according to Colliers International.

Gina Rinehart has followed fellow iron ore magnate Andrew Forrest's lead and expanded her interests to include cattle farming, reportedly spending $40 million on a half-stake in two cattle stations

Giving managers responsibility for making decisions relevant to their sections is crucial at marine services business TAMS Group, which has steadily added new capabilities and staff to differentiate itself as a full service provider in a market full of specialists.

Engineering contractor Thiess has been awarded a $330 million contract to construct the process plant facilities for the Roy Hill iron ore mine in the Pilbara (with updated list of 36 major engineering construction contracts awarded in past year).

The Gina Rinehart-backed Sun Resources has purchased a stake in oil and gas leases in the prospective Eagle Ford and Austin Chalk shale formations in the American state of Texas.

The construction of Gina Rinehart's $10 billion Roy Hill iron ore project is almost 40 per cent completed, with first exports due to occur next year.

NRW Holdings has won a $200 million contract for concrete and earthworks at Hancock Prospecting's Roy Hill iron ore project.

Civil construction activity in Western Australia is set to fall by about 25 per cent over the next five years as a number of major resources projects are completed, according to a new report by forecaster BIS Shrapnel.

Gina Rinehart's Hancock Prospecting has been taken to court by the corporate watchdog for failing to lodge financial reports on time.

Gina Rinehart has virtually ensured her family's long-held dream of operating its own iron ore mine, securing final funding for her massive Roy Hill project.

The annual Sculpture by the Sea exhibition at Cottesloe has been thrown a financial lifeline by Gina Rinehart's Hancock Prospecting.