News Articles for Garry Korte

Annual profit at Gina Rinehart's Hancock Prospecting fell by $2.5 billion year-on-year in 2025, a result attributed to weaker iron ore prices and headlined by concerns over jurisdictional risk.

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

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.

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.

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.

Hancock Prospecting is poised to become Western Australia's biggest private company after a investment and acquisition spree in iron ore and agribusiness which is expected some time this year to push its revenue past that of the incumbent number one for the past 12 years, home builder BGC. A 2018 reranking appears certain following research for the Business News Private Companies list published today in a special report.

Gina Rinehart's Hancock Prospecting has announced a $US300 million ($A395 million) investment in a UK-based fertiliser business chaired by former Fortescue Metals Group deputy CEO Russell Scrimshaw.

The federal government has promised an "arms-length" decision on Gina Rinehart and Shanghai CRED's joint $365 million bid for cattle empire S. Kidman & Co, which will still require foreign investment approval.

Gina Rinehart's family company, Hancock Prospecting, has announced the purchase of two cattle stations in northern Australia, continuing the investment in agriculture by magnates such as Andrew For

Billionaire Gina Rinehart has appointed a new executive director and a new chief executive at Hancock Prospecting and foreshadowed plans to recruit additional senior executives to run its commercial and agribusiness operations.

Paladin Energy has appointed former Mount Gibson Iron chief financial officer Alan Rule to replace Garry Korte, who has been poached by Gina Rinehart's Roy Hill Holdings, a subsidiary of Hancock Pr