News Articles for Hancock Iron Ore

With the big iron ore miners continuing to make record profits, is the WA community getting a fair return?

Roy Hill Holdings has announced a new leadership structure, with Barry Fitzgerald taking a board role and Gerhard Veldsman being promoted to chief executive.

In the last chapter of the Business News' Great for the State series, leaders from energy, mining, the arts and sport shared their insights on shaping the state's future.

Iron ore monolith, Rio Tinto has signed up to a 3-year software-as-a-service contract with ASX-listed tech player, K2fly. Rio will make use of K2fly's Infoscope software platform to manage very sensitive heritage information across its iron ore mining operations in Western Australia's Pilbara region. K2fly said the total contract value for the deal with Rio was set at A$719,000.

The ranking of WA's largest private companies has changed dramatically over the past decade.

ASX-listed contractor Civmec has secured new work across its maintenance, manufacturing, and construction divisions including with the likes of BHP and Rio Tinto.

Decision time is looming as iron ore majors seek to lift export capacity.

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

Roy Hill sales hit $6.4 billion in the year to June, with the company reporting payment of more than $900 million in taxes.

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.

Expansion plans are in the works for some of WA's biggest exporters, but commodity prices and projects face uncertainty.

Fortescue Metals Group has received environmental approval to increase iron ore exports through Port Hedland to 210 million tonnes per annum, with other miners hoping to follow.

Alinta Energy has announced an upgrade of its Newman power station, with Clarke Energy winning a contract to install 14 natural gas generating units.

Mineral Resources has reported a strong lift in earnings and dividends and outlined plans to double iron ore exports if it gains approval for a new port development.

CIMIC Group's maintenance and shutdowns business has secured $200 million in contracts with the likes of Rio Tinto, BHP and Roy Hill Holdings.

The big iron ore miners exporting out of Port Hedland will have to pay up to $220 million to property owners in the town's West End, under a buy-back scheme announced by the state government today.

A report backed by the Pilbara's big miners has found that iron ore exports are expected to grow modestly over the coming decade, well below the extra port capacity the miners themselves are seekin

Private civil contractor Whittens has secured a $14.4 million construction contract for work associated with Roy Hill Holding's iron ore mine in the East Pilbara.

The Lateral INCITE Awards has shortlisted 26 entrants for this year's program, with Leederville-based startup InteliCare and IT consultancy firm Modis Australia among those advancing to the second round of judging.

The big iron ore miners are thinking about what's next in the pipeline after projects such as South Flank and Koodaideri.

Asymptomatic FIFO workers to be tested for COVID-19 as Western Australia records its seventh day in a row with 0 cases.

In an initiative led by the Chamber of Minerals and Energy of WA, the Western Australian resources sector has pledged $6.6 million to Royal Flying Doctor Service Western Operations, Foodbank WA and Lifeline WA.

The Australian subsidiary of Spanish engineering contractor Duro Felguera has been placed into voluntary administration after becoming mired in multiple legal disputes related to construction of the Roy Hill iron ore project.

Iron ore miner Roy Hill Holdings is taking a further leap into the world of autonomous mining, selecting Epiroc and ASI Mining to convert its fleet of 77 trucks from manned to driverless use.

Private companies and not-for-profit businesses play a prominent role in the West Australian economy, with annual revenue at the top 20 exceeding $32 billion, according to data compiled by Business News.

An NRW Holdings mine site worker has died after sustaining serious injuries at Gina Rinehart's Roy Hill iron ore mine in the Pilbara.

Nine WA-linked resources businesses are ranked among the country's top 20 corporate taxpayers, despite a widespread perception the industry does not pay its way.

Business News's updated ranking of WA's largest employers highlights the increased use of casual and contract staff.

Gina Rinehart's Hancock Prospecting and its subsidiary Roy Hill Holdings have delivered bumper profits off the back of higher iron ore prices, with Hancock posting a profit of $2.6 billion for the year to June 2019.

Click through to read Business News's annual list of WA's 20 biggest exporters, with data on companies such as Chevron, Roy Hill, Gold Corporation and Glencore.

Small indigenous business Gebro Contracting, which has worked with Main Roads and Georgiou Group, has entered administration.

Western Australia's resources sector has evolved a long way from the perception, erroneous or otherwise, that its biggest and most profitable players are only interested in removing minerals from the ground and selling them to the highest bidder.

A buy-back scheme for Port Hedland property owners adversely affected by iron ore export-related dust is expected to be in place within the next six months, with the costs of the scheme to be borne by mining giants BHP, Fortescue Metals Group and Roy Hill Holdings.

The port of Port Hedland recorded a fall in iron ore exports for the 2019 fiscal year, with its major customer BHP today disclosing a decline in its annual production

Our weekly appointment wrap includes Rick Newnham, Brendan Acott, Tyron Hayes, Danny Murphy, Cameron Syme, Kristy Ryan, Paul Martin, Kenn Donohoe, Helen Sarcich, Nick Houldsworth, Matthew Read, Gary Thomas, Lucy Mengler, Rachel Horton, Richard Lilly, Lauren Haygarth, Donna Marsh, Peta Rapson, Stephanie Driscoll, Maree Ferguson, Susan Oldmeadow-Hall, Danny Olsen, Mark Giuffre, Timothy John, Melissa Reid, Jackson Wheeler, Daniel Butler, Tamara Arapovic, Garry Zacher, and Tamica D'Uva.

One of the state's largest indigenous contractors, which counted Fortescue Metals Group and Roy Hill Holdings among its clients, has been placed into liquidation.

OPINION: China is flexing its muscles on trade, and whatever the motivation Australian businesses should have contingency plans (other customers).

Civmec has reported a profit of $1.27 million for the second quarter of the 2019 financial year, while also announcing a new contract at Albemarle Corporation's Kemerton lithium project.

SPECIAL REPORT: Western Australia's iron ore industry has reshaped the BNiQ ranking of the state's largest private companies.

The Western Australian mining landscape continues to significantly change, and Roy Hill believes collaboration and enabling staff to realise their potential is key to successfully adopting innovative ideas and techniques to remain commercially competitive.