News

Gina Rinehart’s Hancock Prospecting has emerged as a third bidder for takeover target Warrego Energy, with the West Australian gas developer already fielding bids from Strike Energy and Beach Energy. Hancock Energy director Stuart Johnston described the offer as “attractive and compelling for Warrego shareholders, including in light of recent proposals they have received”. A bidder’s statement has been lodged with the securities regulator and Mr Johnson encouraged Warrego shareholders “to accept the offer at their earliest opportunity”.

Sailing out across the turquoise waters of Port Hedland harbor aboard the Anangel Explorer, a vessel laden with the first shipment of iron ore from the US$10 billion Roy Hill Mine, is a moment that stands out of many milestones for mining magnate Gina Rinehart, the Executive Chair of Hancock Prospecting.

Gina Rinehart-controlled Atlas Iron has doubled down on her warnings about the Albanese government’s industrial relations changes after delivering its first dividend for the mining billionaire. Atlas Iron chief executive Sanjiv Manchanda said a strike in Western Australia’s iron ore-rich Pilbara region would hurt indigenous communities as well as hit businesses, trade, government income from taxes and royalties.

The 2022 Australian Exporter of the Year awards were held in Canberra on November 24th. Now in its 60th year and Australia’s most prestigious and longest running export awards program, the evening celebrated the achievements of Australian businesses which export home-grown innovation to the world. Hancock Ag were awarded joint first in the category of Agribusiness, Food and Beverages award for their outstanding 2GR Wagyu Beef.  On hand to accept the award was Hancock Agriculture’s Peter Telford, who is responsible for the management of the core 2GR Wagyu herd in the central west of NSW. This follows Hancock Prospectings achievement of the export award, at the 10th annual export awards, also held in Canberra, and attended by, executive chairman, Gina Rinehart, her daughter, and Tad Watroba, of Hancock Prospecting.

WA launches infrastructure-specific initiative he Western Australian Government has launched the Resources Community Investment Initiative which will facilitate investment in iconic state infrastructure projects and community and social initiatives across WA. The initial commitments total $750 million, with $250 million from Rio Tinto, $250 million from BHP, $100 million from Hancock Prospecting, Roy Hill and Atlas Iron, $50 million from Woodside Energy, $50 million from Chevron Australia and $50 million from Mineral and Resources.