News - Hancock Prospecting PTY LTD

Gina Rinehart’s Atlas Iron posts near $1bn profit in big year for the billionaire’s iron ore assets

Atlas Iron has delivered billionaire Gina Rinehart almost $1.5bn in profits in only three years, since she beat fellow mining magnates Andrew Forrest and Chris Ellison to acquire the junior miner for $427m. The Pilbara iron ore miner’s net profit soared by 146 per cent to $938m for the 2021 financial year thanks to soaring commodity prices and increasing production, financial results lodged with the corporate regulator on Tuesday revealed.“ Australia exports its ore internationally, so we have to be cost competitive internationally, hence we should be wary of onerous government cost burdens that don’t encourage investment. It’s time we put greater priority on reducing government tape, and our government in turn, put greater priority on that welcoming investment,” she said.

Never forget just how our agricultural industries matter

This is an edited version of a speech by Gina Rinehart given for National Agriculture and Related Industries Day.

Happy Mining Day 2021 | Message from Pauline Hanson

National Mining Day 22 November 2021.

National Mining & Related Industries Day | 22 November 2021 | Speech by Gina Rinehart

What a year we’ve all had! And one we should all be immensely proud of our industry’s contribution to Australia. Even the media have noticed our huge contribution throughout COVID. Let’s start with a heartfelt round of applause to everyone in our industry, yep, loud applause, and please don’t stop with just clapping, whistling, feet stomping, flag raising, dancing, cheering all great! And another round of applause please for all the related industries and businesses that the mining industry supports. National Mining & Related Industries Day, rightly deserves to be a very important day on our nation’s calendar.

National Agriculture and Related Industries day | 21 November 2021 | Speech by Gina Rinehart

This year, our fifth annual National Agriculture and Related Industries day, we had planned one of the biggest celebrations ever to mark our appreciation of all those in agriculture, and this important National day. Unfortunately with the uncertainty of COVID restrictions, we had to postpone our event. Please join us in the Whitsundays next National day, November 21 2022.

National Agriculture & Related Industries Day is our day to come together and hold celebrations around the country to acknowledge the over three hundred thousand hard working men and women across our essential industry.

Gina Rinehart’s fortune shines, while Roy Hill makes $4.4B profit

Even though the firm’s activities were severely hampered by wet weather and a corona pandemic, Roy Hill made a tremendous profit. Furthermore, the corporation was in dire financial shape a few years ago and was about to run out of cash. However, Gina Rinehart did not give up hope and turned her fortune from the enormous debt.

Roy Hill expands Pilbara network, Aqura partnership

Young described the importance of the initial network for Roy Hill. “The installation and successful commissioning of the first phase within such a short timeframe proved critical in validation work of Roy Hill’s autonomous haulage and broader digitisation programs,” Young said“ This project further builds upon Aqura’s leadership in the delivery of high-performance, advanced private LTE networks across resources, oil and gas and infrastructure projects throughout Australia.”

Gina Rinehart’s Roy Hill iron ore mine reveals massive $4.4bn profit as commodity prices and exports boom

Hancock is also one of the biggest taxpayers in corporate Australia and one of the biggest earners among private corporations, and in financial terms it has sailed through the Covid-19 pandemic due to the strength of Roy Hill and its other mining assets and agricultural investments. Meanwhile, Mrs Rinehart said the mining sector should be recognised for its financial importance to governments and the wider community, and that bureaucratic imposts needed to be removed for the industry to keep growing. “When mining does well, so does Australia,” she said.

Media Release |Results for Roy Hill Holdings Pty Ltd (“Roy Hill”) for the Financial Year Ended 30 June 2021

19 November 2021.

Future Sunshine Coast lunch event to discuss 2032 Olympics legacy priorities

Hancock Prospecting executive chairman Gina Rinehart and Olympic legend Dawn Fraser will be among the guest speakers at the Future Sunshine Coast lunch event on November 30. The lunch at Maroochy RSL will provide a critical discussion on how the region can benefit from the Brisbane 2032 Olympic and Paralympic Games legacy.

Hancock intends to acquire stake in Australian iron ore project

Hancock Prospecting unit Hancock Magnetite (HMPL) has reached an agreement to earn into the Mt Bevan iron ore project in Western Australia. Signed with the project joint venture (JV) firms Legacy Iron Ore (60%) and Hawthorn Resources (40%), the deal provides exclusive rights for HMPL to earn into the project and form a new JV agreement. Under the deal, Hancock Magnetite will initially invest $6.5m (A$9m) in the project.

Mining magnate Gina Rinehart backs changes to age pension system to keep older workers on the job

“We are a supporter of the government changing its policy where pension arrangements are concerned, so that pensioners can work should they so choose, without onerous tax resulting from their decision to work. “Hancock is a very patriotic company that supports investment in Australia, primary industries and jobs in WA and Australia. When mining does well, Australia does well.”