News Articles for Hancock Iron Ore

Roy Hill has lodged plans to expand its Pilbara rail network as it aims to hit 100mtpa production and build long-awaited third-party export infrastructure.

Iron ore could be exported from Onslow in WA's Pilbara region under a new plan hatched between CZR Resources, Strike Resources and CSL Australia.

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.

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.

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.

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.

New data reveals just how much WA businesses contributed to the federal treasury during the pandemic, with 10 corporates paying $27.5 billion in the year to June 2021.

Mining software provider K2fly has tabled some healthy numbers from the September quarter with the company achieving record highs in its core metrics thanks to continued major tier 1 contract wins. The company operates in the global resources space under a ‘Software as a Service' business model – meaning its product is delivered on a subscription basis.

Three of the state's biggest miners have joined forces to stop a junior explorer from gaining a licence over an area that would overlap their rail lines.

ASX-listed mining software provider K2fly has strengthened its ties with Imerys Group after inking a three year contract for use of its Land Access solution. The three year deal has a total contract value of $860,000 and an annual recurring revenue of $123,000 in exchange for a system that manages land access, studies, approvals, stakeholder engagement, operations and land use.

ASX-listed mining software firm K2fly has tabled record growth in key metrics for the June quarter and the 2022 financial year after continuing its hot streak of contract wins. The company posted record results in annual recurring revenue, invoices raised and cash receipts in addition to closing out the financial year with a cashflow-positive quarter of $1.7 million.

An inquiry into sexual misconduct within Western Australia's mining sector is set to deliver its report, days after another alleged on-site assault.

Resources billionaire Gina Rinehart has been named Australia's wealthiest person for a third consecutive year, followed closely by fellow Western Australian and iron ore magnate Andrew Forrest.

Henderson-based contractor Civmec has won a suite of new work with BHP, Subsea 7, and Roy Hill.

Gina Rinehart argues the federal government should offer tax breaks to help northern Australia grow.

Roy Hill will undertake an urgent review of the greenhouse gas management at its ever-growing Pilbara iron ore mine after an appeal uncovered "ambiguities" in the EPA's emissions calculations.

K2fly has tabled some healthy numbers from the March quarter with record invoices of $3.3m, maintaining its all-time high total contract values of $16.6m and cracking the $5m mark in annual recurring revenue for the first time. The company operates in the global resources space under a ‘Software as a Service' business model – meaning it delivers its software on a subscription basis.

After successfully shaking the tin for $6.2m, K2fly now has the largest privately owned mining software provider in the world on its register. Australian based Maptek has emerged from K2fly's latest capital raise with a 13.2 per cent holding in the ASX-listed mining software player. The deal also includes Maptek Chairman Peter Johnson taking a seat on the K2fly board as a non-executive director.

Swift shares were up some 23 per cent after booking a contract to install its flagship entertainment system at Roy Hill mine's accommodation village.

The businesses that dominate the unlisted landscape are very different from 20 years ago.

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.

The state government has managed to strike a deal that promises to satisfy each of the mining giants battling for a larger slice of the port of Port Hedland.

Rio Tinto has joined fellow Pilbara miners Fortescue Metals Group and Roy Hill Holdings in acquiring battery-electric locomotives as part of plans to curb carbon emissions.

Roy Hill has awarded MACA with a $70 million contract to continue open pit services at the iron ore miner's namesake operation in the Pilbara.

Unemployment is at record lows in WA, but pressure from mass resignations and outbound travellers is looming.

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.

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.

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.

Iron ore miner Roy Hill Holdings doubled its profit last year to $4.4 billion, triggering a big dividend payout to shareholders led by Gina Rinehart's Hancock Prospecting.

SRG Global has won seven contracts including from Rio Tinto and Roy Hill, while Southern Cross Electrical Engineering has secured work at BHP's Pilbara accommodation villages.

Limitless WA: Autonomous trains and trucks in the resources industry have brought benefits to Western Australia beyond productivity.

Civmec has secured three maintenance and capital works contracts worth $130 million with mining majors Rio Tinto and BHP, taking its total order book to more than $1 billion.

Telethon and the MACA Cancer 200 Ride for Research raised a record-breaking $69 million for medical research over the weekend.

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

The state's environmental regulator has given BHP the green light to increase iron ore exports from Port Hedland by 40 million tonnes annually, despite concerns about dust exposure.

Mineral Resources managing director Chris Ellison said today he is extremely confident the miner will get the nod over rival exporters to expand its operations at Port Hedland.

Roy Hill has outlined a profit share scheme and the recruitment of airline pilots and defence force workers as steps it is taking to deal with labour shortages.

ASX-listed mining technology company K2fly has laid out plans for an executive changing of the guard with Chief Commercial Officer and veteran industry leader Nic Pollock to take the helm as Chief Executive Officer from the start of September this year. Current CEO Brian Miller says he remains committed to the company and will continue as an Executive Director.

Fortescue Metals Group and Curtin University are part of a consortium to research low-carbon iron pellets, cement and alumina, which received $39 million from the federal government today.

Hancock Prospecting has backed a $1 million personal donation to the Special Air Services Resources Fund by its executive chair Gina Rinehart with a further $500,000 contribution to the special vehicle to support Australia's elite soldiers.