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.
Gina Rinehart's Roy Hill has reported a near-halving of its profit for the 2024-25 financial year due to extreme weather and softening iron ore prices.
WA's largest Indigenous-owned contractor Warrikal has secured a significant maintenance package with Hancock Iron Ore, bolstering its relationship with the iron ore heavyweight.
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".
Record iron ore shipments have driven a healthy profit for Roy Hill and Gina Rinehart, who has once again taken aim at regulation she says is burdening the industry's prosperity.
Private iron ore miner Gold Valley has won a three-year battle to move export 1.5 million tonnes of ore per year from its Goldfields mine from Geraldton to Esperance.
Mining software provider K2fly has recorded a remarkable 15 straight quarters of annual recurring revenue (ARR) growth, which it says has been driven by contract renewals from two major clients. According to its March quarterly report, the company delivered an ARR of $8.3 million in the first three months of the calendar year, representing a 19 per cent increase compared to the previous corresponding period.
A dispute over a $54 million contract to build two conveyor belt systems for Roy Hill's mine expansion has broken out between private companies Nepean Conveyors and Linkforce.
Western Australian artist Johannes Pannekoek has won the $30,000 Hancock Prospecting and Roy Hill Sculpture Award, kicking off the 20th year of Sculpture by the Sea, Cottesloe
The Workforce Gender Equality Agency has published gender pay gap data on more than 400 WA private sector companies, shedding a light on remuneration disparities.
The business dealings of Western Australia's big-name billionaires may grab most of the headlines, but last year it was Dale Alcock's ABN Group that deserved a closer look.
Software provider K2fly says cost management remains its major focus as the company's latest financial report today revealed a remarkable 14th consecutive quarter of annual recurring revenue growth. The ARR was at $8 million in the past quarter, up 16 per cent compared to the previous corresponding period (PCP) and revenue was at $3.4million, up 21 per cent from the PCP.
Battery-electric trains remain some way off for Western Australia's largest grain handler as fellow heavy rail users in the mining industry press ahead with the technology to decarbonise their operations.
Heavy rail users need to standardise parts if they want railcar manufacturing in WA to become cost-competitive with Chinese imports, according to the nation's peak railway lobby group.
Software provider K2fly has initiated a sweeping strategic review of its operations in a swift boardroom move designed to maximise the full potential of its innovative resource governance software solutions. After posting 13 quarters of increasing revenue on the trot, K2Fly has vowed not to sit on those laurels and has appointed Argonaut PCF and Atrico as joint advisors to steer its review.
K2fly has grown its annual recurring revenue (ARR) for a 13th straight quarter, revealing a 6 per cent jump up to $7.9 million in the company's latest financial disclosure … and it says there is still room to expand. Management says ARR was up 22 per cent on last year's corresponding quarter, while comparative revenue increased by 29 per cent.
Roy Hill and manufacturer Wabtec Corporation have unveiled the industry's first battery-powered heavy-haul freight locomotives in Gina Rinehart's signature pink livery.
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.
Dividends paid by Gina Rinehart's iron ore machine Roy Hill will be lower than last year - but still comfortably within the multi-billions - against the backdrop of more subdued iron ore prices.
Hancock Prospecting has labeled proposed federal industrial relations reform unclear and claimed it could delay the development of the Ridley magnetite project by four years.
Software provider K2fly has revealed a steady stepladder towards profit-making after its latest financial year report showed healthy revenue of $12.8 million – a jump of 28 per cent on the previous period. The company's positive result was bolstered by a 25 per cent increase in annual recurring revenue up to $7.5 million, putting its three-year compound annual growth rate at 48 per cent.
ASX-listed mining software provider K2fly has unveiled revenue of $4m for the final quarter of the financial year – a 38 per cent rise from the same period last year and up 18 per cent on the previous quarter. Management says the strong results wrapped up a solid year of growth, which saw revenue grow 28 per cent compared to the previous 12 months.
ASX-listed Perth contractor Aerison Group has called in administrators just over a month after failing to settle a $47 million dispute with iron ore miner Roy Hill Holdings.
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.
A short-term tourist development in South Hedland has cleared a planning hurdle and joins the list of projects aiming to provide more accommodation options in the Pilbara.
