News - Hancock Prospecting PTY LTD

BHP says proposed labour laws threaten $3.2b Australian investment

The world’s largest mining group, BHP, says the government’s proposed same job, same pay policy could jeopardise $US2 billion ($3.2 billion) worth of investment it has planned for its local copper business. BHP chief executive Mike Henry told shareholders at its annual meeting in Adelaide on Wednesday morning that the bill would also damage the Australian economy. “BHP strongly opposed the Same Job Same Pay Bill not only because of the damage it threatens to do to our business, but also for the hit it will have on Australia’s economy, to Australian jobs and to Australia’s productivity and international competitiveness,” Henry said

Australian mining red tape hurts its global investment case-Hancock

Australia’s slow pace of mining approvals is diminishing its attraction as a global investment destination, Hancock Prospecting, owned by Australia’s richest person Gina Rinehart, said on Tuesday. “The current policy environment, duplication of processes, overreach from all departments and delays to approvals is negatively impacting new investment into the mining industry and is reducing Australia’s competitiveness in the international resource sector,” said Hancock.

Wabtec and Roy Hill unveil the first FLXdrive battery locomotive

Wabtec Corporation and Hancock Prospecting subsidiary Roy Hill have celebrated the debut of the FLXdrive battery locomotive at a ceremony held at Wabtec’s design and development centre in Pennsylvania, US. The FLXdrive battery locomotive is the world’s first 100 per cent battery-powered, heavy-haul locomotive for a mainline service. It has a pink design to symbolise Roy Hill’s commitment to assisting in breast cancer research and those suffering from the illness. “This FLXdrive locomotive represents a major step in the journey to a low-to-zero-emission future in the rail industry,” Wabtec president and chief executive officer (CEO) Rafael Santana said.

Hancock tops profit list with iron haul

Gina Rinehart’s Hancock Prospecting mining giant has delivered the biggest profit for a locally owned private company this year, shipping record amounts of iron ore overseas.

Wabtec and Roy Hill Unveil the First FLXdrive Battery Locomotive

Wabtec and its launch customer,
a leading iron ore miner majority owned by Australia’s most successful private company, Hancock Prospecting, celebrated the debut of the FLXdrive battery locomotive, the world’s first 100% battery-powered, heavy-haul locomotive for mainline service. The ceremony unveiled the unique, striking pink-colored locomotive at Wabtec’s design and development center in Pennsylvania in front of employees, customer executives, and government and community officials.

MEDIA RELEASE | Wabtec and Roy Hill Unveil the first FLXdrive Battery Locomotive

Wabtec and its launch customer Roy Hill, a leading iron ore miner majority owned by Australia’s most successful private company Hancock Prospecting, have celebrated the debut of the FLXdrive battery locomotive, the world’s first 100% battery-powered, heavy-haul locomotive for mainline service.

Statement on Hancock Prospecting’s 2023 Annual Report

31 October 2023

A Champion of our Veterans

Few figures embody the essence of great Aussie values and respect for our military more than Mrs Gina Rinehart AO.

FROM SERVICE TO SUCCESS: HANCOCK PROSPECTING’S VETERAN EMPLOYMENT PROGRAM

In addition to its impressive corporate successes in the mining and agricultural industries, Hancock Prospecting group of companies are amongst those leading the way in supporting the men and women who have served and sacrificed for their country.

WA leads the way in philanthropy

“We have many stories of families in our businesses who have, like so many others throughout West Australia, been a beneficiary of Telethon programs.” Hancock Prospecting chief executive Garry Korte said: “To the brave kids and parents who show such strength in the face of adversity, Hancock Prospecting, HanRoy, Hancock Agriculture, S Kidman & Co, Roy Hill and Atlas Iron are proud to again play a role in supporting you. “To our great mining State that does the heavy lifting for the entire country economically, we are so proud of what our industry does to support important causes. As our executive chairman, Gina Rinehart says, ‘when mining does well, Australia does well’.

EXPORT STRENGTH

Billionaire Gina Rinehart’s massive Roy Hill operation has reaped another multibillion dollar profit on the back of record shipments, which helped to offset weaker iron prices. But Australia’s richest person has again sounded the alarm on government red tape.”We are currently battling onerous, time and money consuming regulation with overlapping approval processes and other damaging policies.” – Gina Rinehart.

Back to 70s-style blackouts, warns energy veteran

EXCLUSIVE Former AGL Energy boss and power industry veteran Michael Fraser has warned Australia needs a reality check on meeting its net zero targets as the nation moves ever closer to a rolling energy crisis. One of the country’s most experienced power executives, Mr Fraser told The Australian the race to take coal and gas out of the system means the coming decade is likely to be marked by regular blackouts and surging prices, given the massive shortfall in efforts to switch the power grid to renewables. “Nobody’s saying that we’re on schedule or ahead of schedule. We’re behind schedule,” said Mr Fraser, who ran Australia’s biggest power generator for eight years until 2015. Mr Fraser cautioned “a return to the 1970s” when state-backed power networks suffered from chronic blackouts.