News Articles for Hancock Prospecting

Worker shortages and supply chain issues could disrupt major projects in WA worth more than $50 billion. Click for our updated list of major projects.

Hancock Prospecting has lodged documents with the Environmental Protection Authority for a 20 million tonnes per annum iron ore project at Mulga Downs.

Mining magnate Gina Rinehart has become the latest high-profile businessperson used to market an alleged crypto scam, with photos and fake quotes appearing online.

Mining giant Rio Tinto paid more than $1 billion in royalties to four Perth families last year as a result of deals struck by their forebears in the 1960s.

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.

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.

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.

Our weekly appointments wrap includes John McKillop and Graham Fyfe.

A Perth lithium play backed by Gina Rinehart is seeking to fend off claims from a short selling fund that says its namesake zero carbon lithium project in Germany is a “non-starter.”

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.

Privately-owned Perth company Wright Prospecting has posted yet another extraordinarily large annual profit as it reaped the benefits of the booming iron ore market.

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

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

The Supreme Court has dismissed an application by Hancock Prospecting for a separate trial over ownership of lucrative iron ore tenements in the Pilbara.

Another iron ore boom has produced a long list of aspiring miners. We dig deep to assess who is likely to make it.

Hancock Prospecting will own a 10 per cent stake in Western Australian medicinal cannabis company Little Green Pharma after participating in a $27.2 million capital raising.

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.

Where will dozens of departing members of state parliament find themselves in the months ahead?

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.

A low-profile WA family that has amassed a $300 million fortune from iron ore royalties has come to prominence by developing a head office in West Perth.

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.

Local lithium play Vulcan Energy Resources has secured a cornerstone investment from Gina Rinehart's Hancock Prospecting, as part of a $120 million placement.

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

The updated WA ‘rich list' shows the state's iron ore magnates are moving far ahead of people who made their money in other industries.

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.

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

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

Gina Rinehart has made history, becoming the first woman to win the GJ Stokes Memorial Award at Kalgoorlie's Diggers & Dealers mining forum.

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.

The federal government will provide $100 million to more than 300 charities, Minderoo Foundation committed $5 million to community initiatives, and Gina Rinehart donated $6 million to the Royal Flying Doctor Service of Australia over the weekend to help charities meet increased demand.

Hancock Prospecting subsidiary Atlas Iron has awarded a $38 million contract to MACA for early civil work at the Corunna Downs iron ore project in the Pilbara, nearly two months after it was a

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.

Julian Wright has commenced legal action in the Supreme Court, claiming he was defrauded when he sold his share of the family company to his siblings, 'rich listers' Angela Bennett and the late Michael Wright.

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.