News

South Korea’s steel giant POSCO Group plans to expand its partnership with Australian mining group Hancock Prospecting Pty Ltd. into other types of minerals such as lithium, nickel and copper beyond iron ore, a key raw material for steel. The signing ceremony was attended by POSCO Chairman Choi Jung-woo and Hancock Executive Chairman Gina Rinehart, Australia’s richest person.
Choi said that expanding the partnership between the manufacturer of EV battery materials and the mining group will create significant synergy.

South Korea’s steel group POSCO will expand a strategic alliance with its Australian partner, Hancock, and cooperate in the mine development and processing of materials for electric vehicle batteries, at a time when the global raw material market remains unstable due to price hikes.

“Posco Group and Hancock Prospecting have been cooperating since 2010 and expanding our partnership every year. We successfully developed the Roy Hill mine development project recently and acquired Senex Energy together,” Choi said. “Our two companies can create bigger synergy if they work together in the business for secondary battery materials, as Posco has the value chain to develop secondary battery materials for production of cathodes and anodes, while Hancock has excellent experience and capability in mining.”

Posco Chairman Choi Jung-woo visited Australia on Monday to assess the projects the company has invested in and to discuss business with raw material partners including Hancock. Choi met with Gina Rinehart , chairwoman of Hancock, on Monday, and signed an MOU on plans for mine development of metals and promotion of Hot Briquetted Iron (HBI) business.

Media Release | 21 June 2022.

Elijah Winnington has recovered from his devastating Tokyo Olympics campaign to win gold at the World Swimming Championships and set up another chance to podium. The Hancock Prospecting Swimming Excellence Scholarship student won the 400m freestyle against a brilliant field in Hungary. Winnington posted a personal best and the fastest time at the event in a decade (3min 41.22sec) when he pulled away in the last lap to relegate German Lukas Martens to silver.

Today we honour another of my dearest friends, a pioneering leader of Roy Hill and fellow Hancock Board member. Tad Watroba has been by my side on the Roy Hill mega-project all the way through. We started from very humble beginnings, with very little money for exploration. With every member of Roy’s help, we can look back with pride as what we all have achieved together delivers thousands of jobs to Australians, billions of dollars to the nation’s economy and helps contribute towards maintaining the high living standards we in Australia are very fortunate to enjoy. In the hope spent well, our taxes contribute to our defence, police, looking after our vets, elderly, hospitals, emergencies, kindergartens and much more. I’m delighted and it is indeed my honour to announce the christening and naming of the Watroba Wet High Intensity Magnetic Separator Plant.

Although the typical perception of an exploration camp is likely to be one of a rough and ready ‘bush camp’ set up on a dusty drill pad, that is certainly not the case at Hancock Prospecting’s Mulga Downs camp. Just 18 months on, the camp’s visual amenity now benefits from a range of greening measures which were initiatives of Hancock’s Executive Chairman Mrs Gina Rinehart AO.

While many companies appear with 100
per cent foreign ownership, one appears with zero foreign ownership, the private company Hancock Prospecting Pty Ltd which is owned by Gina Rinehart. Hancock in turn owns the 70 per cent of Roy Hill Holdings Pty Ltd that is Australian owned.

11 June 2022 to 12 June 2022.

A South West dairy company is looking to revive plans for a global expansion which could treble its production of milk. It comes after the company won a gong last week, with its Farm Fresh Milk named the most popular dairy product in the country in the prestigious Australian Grand Dairy Awards. It is believed to be the the first WA product to do so in the competition’s 23-year history. In 2014, the couple entered into a partnership with Hancock Prospecting’s Gina Rinehart, which enabled them to produce their premium product in larger volumes. Ms Daubney said the partnership worked like a “great big family”. “We now, through Mrs Rinehart and her other businesses, have a really wide network of people that can help us when we get stuck, and likewise, we try and help when they need milk,” she said.