News Articles for Gina Rinehart

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.

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

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

Atlas Iron chief executive Sanjiv Manchanda was among the biggest fundraisers in Australia for this year's CEO Sleepout, helped by a sizable donation from Atlas' owner, Gina Rinehart.

SPECIAL REPORT: Institutional investor interest is continuing to grow in WA's agricultural sector, unaffected by the global uncertainty of the novel coronavirus crisis.

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.

This year's Most Influential feature has been narrowed down to the 50 people in WA making the biggest impact in business and politics.

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.

Fortescue Metals Group won a Supreme Court decision today over an exploration licence application that had been declined because it was processed seconds after the regulator's deadline.

West Perth-based Catalyst Metals has received commitments to raise $7.9 million through a share placement, backed by Gina Rinehart's Hancock Prospecting, to accelerate its Four Eagles and Tandarra gold projects in Victoria.

Two of WA's most influential women presented competing views on the role of government at a recent agribusiness forum.

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.

Perth-based Wright Prospecting has confirmed its status as one of the country's most profitable companies, lifting its annual earnings on the back of higher iron ore prices and paying a whopping $172 million dividend to its owners.

Gina Rinehart's Hancock Prospecting may have to pour more funds into the severely cash-strapped UK-based Sirius Minerals, after the company shelved a $US500 million bond issue for a multi-billion dollar potash project in the UK, blaming factors such as a lack of government support and Brexit uncertainty.

A legal dispute between Australia's richest person Gina Rinehart and two of her children will be heard in private after the High Court ruled in her favour.

Following in the footsteps of Stan Perron, some key names in philanthropy have increased their funding distribution, but many charity recipients are struggling to measure the impact of these donations.

UPDATED: Gina Rinehart, Andrew Forrest, Kerry Stokes, Bianca Rinehart and Angela Bennett are the wealthiest people in Western Australia, according to a new rich list.

The independent directors of Sydney-based Riversdale Resources have urged shareholders to reject the $2.20 per-share offer lobbed by Gina Rinehart's Hancock Prospecting last month.

Gina Rinehart's Hancock Prospecting is aiming to further diversify its operations by taking over Sydney-based Riversdale Resources, which is focused on developing a new coal project in Canada.

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

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

Big donations to three philanthropic trusts in Western Australia augur well for future charitable donations, although the state's wealthiest person, Gina Rinehart, has bucked the trend.

Mining mogul Gina Rinehart retains her spot at the top of Forbes' Aussie rich list despite falling iron ore prices knocking her wealth down $US1.8 billion, to $US14.8 billion (down approximately $2.5 billion, to approximately $20.6 billion).

SPECIAL REPORT: Asset sales and M&A action were the highlights of a busy year for WA's wealthiest.

ANNIVERSARY SPECIAL: The future can be a scary place for many, but WA's entrepreneurial spirit will ensure we make the most of opportunity. This article is part of a special series to mark Business News' 25-year anniversary.

ANNIVERSARY SPECIAL: From those who risked their own capital to the corporate cowboys of WA Inc and the ‘hired help' of today, WA's corporate story features many powerful personalities. This article is part of a special series to mark Business News' 25-year anniversary.

The production ramp-up at iron ore miner Roy Hill Holdings has helped the company lift annual profit by 69 per cent, in turn boosting the annual earnings of its major shareholder, Gina Rinehart's Hancock Prospecting.

Power Ledger co-founder Jemma Green has been named as EY's fintech entrepreneur of the year at the national awards in Sydney last night, while Melbourne-based Jo Horgan took out the main award.

The money-making power of Gina Rinehart's mining business has been abundantly demonstrated in the group's latest financial results, with her private company Hancock Prospecting lifting annual net profit 28 per cent to $1.37 billion.

Sue and Mat Daubney's Bannister Downs Dairy officially opened its $20 million-plus robotic milking operation and tourism centre at the weekend, with the pair cutting a special ribbon with major investor Gina Rinehart.

Rio Tinto and Hancock Prospecting have today opened a new mining pit that will help sustain production volumes at their jointly owned Hope Downs operation in the Pilbara.

Fortescue Metals Group has sold its blocking stake in Atlas Iron, after Gina Rinehart's Hancock Prospecting increased its takeover offer for a second time last week.

Gina Rinehart's Hancock Prospecting has conditionally upped its takeover offer for Atlas Iron in a bid to win over Fortescue Metals Group, which holds a blocking stake.

Fortescue Metals Group has reduced its stake in Atlas Iron but crucially still holds more than 10 per cent, meaning Gina Rinehart's Hancock Prospecting will not be able to acquire full ownership of the takeover target.

UPDATED: Gina Rinehart's Hancock Prospecting announced late Friday it has increased its stake in takeover target Atlas Iron to 56 per cent, giving it effective control, and extended its $390 million offer for two weeks.