
Hancock integrates project plans
GINA Rinehart’s Hancock Prospecting has been quietly implementing changes this year that will reshape the way it operates. One key development was the acquisition of properties in West Perth so that staff at subsidiaries Roy Hill Holdings and Atlas Iron can be co-located with the parent company. Another key development was the creation of HanRoy, a new entity to coordinate the evaluation of all projects. Led by chief executive group projects Sanjiv Manchanda, HanRoy is currently working on more than half a dozen mining and infrastructure projects. At the same time, Gerhard Veldsman was put in charge of all mining operations, with both men reporting to Hancock chief executive Garry Korte.