News - Hancock Prospecting PTY LTD

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.”

Interview with National Seniors Australia Chief Advocate Ian Henschke.

Henschke says he was pleased to see Gina Rinehart has come out and talked about this, noting business leaders watching them tonight are saying they need the workers to be able to do the jobs they require at the moment.

Hancock Prospecting to pay initial $9m to earn into Hawthorn Resources and Legacy Iron Ore’s ’ ‘Mt Bevan’ iron ore project

Hawthorn managing director Mark Kerr called it a transformational deal for shareholders. “Hawthorn is delighted to see Hancock join us to expedite development of our top-quality iron ore project,” he says. “All steel mills favour high-grade ore as they seek to reduce emissions going forward.”

RESHAPING THE STATE BEGINS NOW

“The thing we really should be focusing on is that knowledge economy,” she said. With 3903 days until the opening ceremony of the Brisbane Olympics, business leaders have called for the state government to appoint members to the 2032 organising committee and ensure bureaucratic red tape does not stifle bold development ideas. Archipelago director Peter Edwards said organisers and Queensland residents must realise the challenge and opportunity to transform the city.

Mining magnate Gina Rinehart looks to expand iron ore empire into WA’s Goldfields region

Mining magnate Gina Rinehart has struck a deal to buy into an iron ore project in WA’s northern Goldfields, further expanding her iron ore empire which includes the Roy Hill mine in the Pilbara. Hawthorn Resources managing director Mark Kerr described it as a “transformational deal” for the company. “Hawthorn is delighted to see Hancock join us to expedite development of our top-quality iron ore project,” Mr Kerr said in a statement.

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

“Hancock recognises the shortage of staff Australia-wide disrupts many projects and delays supplies,” Mrs Rinehart said. “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.”

Media release | Hancock earn-in with Mt Bevan magnetite project

Hancock Magnetite Pty Ltd (HMPL), a wholly owned subsidiary of Hancock Prospecting Pty Ltd (Hancock), is pleased to confirm that it has entered into an exclusive agreement to earn-in to the Mt Bevan Project.

FUTURE BRISBANE | Wednesday 1 December, 2021

The Brisbane 2032 Olympic and Paralympic Games are a once-in-a-generation opportunity to redefine all of Queensland. This Future series major lunch event will identify the legacy opportunities and how industry and communities can benefit over the next 10 years and for decades to come. Join us as we discuss the region’s priorities for transport, infrastructure, sport, tourism and business, and highlight the catalytic impact an Olympics can have.