News Articles

Mining 31 Oct 2025

Hancock Prospecting profit drops 44pc

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.

Atlas Iron's profit fell in the 2024-25 financial year.

Mining 29 Oct 2025

Atlas profit down as ore price falls

Profit at Hancock Prospecting subsidiary Atlas Iron has fallen sharply due to weaker iron ore prices as it embarks on construction of its next major mine.

Hancock Prospecting chairman Gina Rinehart.

Mining 11 Jun 2025

Rinehart rebrands Roy Hill, Atlas Iron

Australian mining magnate Gina Rinehart is bringing Roy Hill and Atlas Iron under the new banner of Hancock Iron Ore to make the iron ore producers "more productive".

Mining 24 Jan 2025

Atlas pushes out Ridley footprint

The state's Environmental Protection Authority has signed off on a request by Gina Rinehart's Atlas Iron to amend the proposal for its Ridley magnetite mine, expanding the project footprint.

Mining 25 Oct 2024

Atlas Iron posts $439m profit

Gina Rinehart's Atlas Iron has reported a strong lift in both revenue and net profit but continues to be frustrated by slow approvals for its planned mine projects.

Mining 22 May 2024

MACA wins Atlas Iron contract

Contractor MACA will provide mining, drill and blast services at Atlas Iron's Miralga Creek project in the Pilbara, after winning a contract with the iron ore miner.

Sport 14 Dec 2023

Rinehart’s Atlas to fund swimming coach

Atlas Iron has revealed it will sponsor a high-performance coach at Artistic Swimming WA, on the same day Gina Rinehart was nominated as the first life member of the organisation.

Mining 20 Nov 2023

Atlas Iron takes aim at EPA process

Gina Rinehart's Atlas Iron has taken a swipe at the state government's environmental approval process over conditions for its delayed iron ore project.

Podcasts 27 Oct 2023

In this podcast, Mark Beyer and Simone Grogan discuss lithium takeover battles; the interest rate outlook; local government elections; and profit results from WA's biggest companies, including ABN Group, Perron Group, Roy Hill and Wright Prospecting.

Mining 26 Oct 2023

Rinehart’s Atlas Iron reports earnings dip

Atlas Iron has joined Mineral Resources in pointing to congestion issues at Utah Point as the reason for lower iron ore shipments, while airing grievances about approval delays.

Mining 19 Oct 2023

Rinehart’s McPhee Creek gets EPA nod

Gina Rinehart-owned Atlas Iron's $605 million McPhee Creek iron ore project has taken a leap towards fruition after it received support from the state's peak environmental body.

Mining 08 Jun 2023

FMG signs Nyamal contract

Fortescue Metals Group has signed an $18 million agreement with the Nyamal people to provide mining equipment for its Iron Bridge magnetite project.

Special Reports 10 May 2023

New generation of resources projects

The pipeline of big resources projects in WA increasingly features complex processing plants, despite a spate of large cost blowouts on projects currently under way.

Mining 21 Apr 2023

Atlas gets trucking on magnetite approvals

Plans for the multi-billion-dollar Ridley magnetite project have been lodged with the federal environmental regulator.

Podcasts 21 Apr 2023

At Close of Business 21 April 2023

Senior journalist Matt Mckenzie and Jordan Murray discuss Philip Lowe's show of courage and Bill Johnston's openness to the possible sale of Gold Corporation.

Special Reports 08 Feb 2023

Rinehart juggernaut beats all comers

Our updated ranking of WA's largest and most profitable private companies has a mix of familiar and little-known names.

Mining 06 Dec 2022

Hancock shakes up iron ore leadership

The chief executives leading Atlas Iron and Roy Hill will be bumped up to new overarching roles within the broader Hancock Prospecting group as it moves on big growth plans for iron ore.

Mining 30 Nov 2022

Hancock Prospecting profit slips to $5.8bn

Gina Rinehart's Hancock Prospecting has fallen short of last year's mega profit, posting a $5.8 billion bottom line for 2022 as it flags new growth and investment plans.

Mining 29 Nov 2022

Roy Hill declares $3.3bn dividend

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.

Mining 28 Nov 2022

Atlas pays inaugural dividend

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.

Government 22 Nov 2022

McGowan looks to miners for state's community 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.

Bulls N' Bears 21 Nov 2022

CZR drilling unlocks WA iron ore outside current resource

55 RC holes plunged across the northern bank of CZR Resources' Robe Mesa iron ore project in WA's Pilbara region have delivered the highest grades of direct shipping ore mineralisation at the operation to-date with an average of 56 per cent iron. The company says the northern extension sits outside of the operation's current 37.5 million tonne resource and underlines the venture's development upside.

Bulls N' Bears 29 Sep 2022

Pilbara pit assays outline extensive iron ore for CZR

Initial assays from extensional RC drilling at CZR Resources' Robe Mesa iron ore project in WA's Pilbara region have confirmed significant direct shipping ore mineralisation beneath the asset's pre-feasibility study pit. The company says the material's average grades of about 55.6 per cent iron align with its targeted production figures and reinforce its strategic plan to lift production and mine life once in operation.

Mining 01 Mar 2022

First ore from Miralga Creek

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.

Special Reports 02 Feb 2022

Tattarang surges to hit $5bn revenue

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.

Mining 29 Nov 2021

Ellison, Rinehart strike landmark JV deal

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.

Mining 26 Nov 2021

Hancock Prospecting posts $7.3bn profit

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.

Mining 23 Nov 2021

Atlas rides iron ore wave

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.

Mining 15 Nov 2021

Rinehart invests $9m in Legacy project

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.

Mining 18 Oct 2021

Atlas Iron pursues Sanjiv expansion

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.

Mining 08 Oct 2021

Smaller miners face squeeze on costs

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

Mining 07 Oct 2021

Hope for call on crucial port rights

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

Mining 02 Aug 2021

NRW’s Primero wins $155m in contracts

Listed contractor NRW Holdings has secured new work through its Primero business, including on two iron ore projects in Western Australia.

Mining 29 Jun 2021

Tough hurdles for new iron miners

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

Mining 03 Mar 2021

Atlas Iron progresses McPhee Creek mine plans

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.

Mining 20 Nov 2020

Atlas earnings surge in FY20

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

Mining 04 Nov 2020

Hancock’s full-year profit grows 56%

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 29 Oct 2020

Rinehart tops AFR rich list

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

Mining 01 Oct 2020

Atlas gets approval for new Pilbara mine

Gina Rinehart's Atlas Iron has been given the go-ahead from the state's environmental authorities to develop a new mine, Miralga Creek, in the Pilbara.

Mining 08 Sep 2020

Coziron to begin pre-feasibility on Pilbara project

David Flanagan-chaired Coziron Resources has joined several WA stocks looking to develop their iron ore projects.

News Articles for Atlas Iron

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