News - Hancock Prospecting PTY LTD

Ellison targets gas

Norwest offer a ‘Christmas present’ Chris Ellison’s Minerals Resources is open to cooperating on gas with Gina Rinehart after joining the gathering consolidation of the onshore Perth Basin with a $403 million buyout bid for partner Norwest Energy. The $16 billion mining and services group has bypassed Norwest’s board and gone straight to its shareholders, seeking to secure full ownership of the Lockyer Deep gas find, touted as potentially Australia’s biggest onshore discovery. “It’s Christmas time, so we’re giving the Norwest Energy guys the ultimate present, MinRes shares wrapped in a bow,” Mr Ellison, MinRes’ founder and chief executive, said.

McGowan must fly flag for WA

Once again, just like it did during the global financial crisis, the dirt and rocks buried in the Big State provide a lucrative windfall that continues to make our economy the envy of the world. McGowan’s public purse is bursting at the seams thanks to our resources sector, a little fact he might want to keep in mind when the industry needs him as they battle against his mate Anthony Albanese.

Gas policy shows Albanese’s true colours

Responsibility for the editorial comment is taken by WAN Editor-in-Chief Anthony De Ceglie | 16 December 2022

Christmas in the Country

Following from last year’s very special Christmas Lights Competition in the country, the Christmas Lights Competition was back for 2023 with some amazing houses who had decorated this with lights, fairy buds, reindeer, Santa, stars – and more! Another dazzling display for the country, and a very big congratulations for all of this year’s winners and entrants.

60th Australian Export Awards winner | 2GR Wagyu from Aussie paddocks to plates across the planet

For outstanding international success in the field of agricultural products, services or technology including farm production, manufactured foods and beverages, forestry and fisheries.  Agribusiness, Food and Beverages 2022 Winner 2GR Wagyu Beef (Whadjuk, WA) Beef export enterprise 2GR Wagyu Beef has one of the largest purebred Wagyu beef herds in the world and exports to key markets across Asia, the UK, UAE and Canada.

Australian billionaires are investing in energy

Invest like the rich is advice, which nearly always works, because most rich people have a knack for growing their fortunes – something small investors can learn from the latest financial adventures of three mining billionaires. Amassing a collective fortune of more than $65 billion, Gina Rinehart, Andrew Forrest and Chris Ellison have generated the bulk of their wealth in the iron ore mines of WA. Rinehart leads the way on the Bloomberg billionaires list with an estimated net worth of $35 billion. Forrest is said to be worth $31 billion, while Ellison has just joined the ranks of Australia’s “billies” with a modest $1.5 billion.

All eyes on iron ore

Iron ore development in Western Australia is drawing attention thanks to big moves made by Hancock Prospecting and BHP. Hancock Prospecting executive chair Gina Rinehart has shown that her recent investments in gas and critical minerals have not shifted her presence in the iron market. Rinehart has fully united both Roy Hill and Atlas Iron under one roof thanks to an initial deal struck in 2018. The new conglomerate will see Roy Hill chief executive Gerhard Veldsman become CEO of group operations at Hancock. The new title will come with added responsibility for Roy Hill and Atlas Iron operations, as well as other projects.

Hancock Prospecting invests $60m in NT rare earths project

AUSTRALIA’S richest person has invested in Arafura Resources’ Territory-based rare earths Nolans Project. Gina Rinehart’s Hancock Prospecting has invested $60m into the company which has embarked on a drive to raise funds months out from expected full project approvalArafura chief executive Gavin Lockyer said the placement had helped bring the project closer. “We are extremely pleased with the number of new and significant Australian and offshore institutional investors joining our register including Hancock Prospecting, a company well experienced in large project developments,” Mr Lockyer said.

Notice | False statements regarding Mrs Gina Rinehart investing in crypto trading platforms

8 December 2022.
Mrs Rinehart and Hancock Prospecting Pty Ltd have been made aware of fake social media posts and associated news stories alleging that Mrs Rinehart has invested into a new automated trading platform.

Mrs Rinehart has not made the alleged investment or recommendations or quotes set forth in these adverts. This is a scam designed to use Mrs Rinehart’s positive corporate image to lure people in to invest.

Rinehart rejigs Pilbara iron ore leadership team

Gina Rinehart’s Hancock Prospecting has moved to shake up the leadership team behind its money-spinning iron ore interests in the Pilbara. The company said the restructure would form part of its push to significantly increase annual exports in coming years. “With planned growth in scale from 60 million tonnes to 100mt, along with increasing complexity of the Roy Hill rail and port logistics system, Hancock will establish two new key roles to come into effect from January 30 — CEO group projects and CEO group operations,” Hancock said.

Hancock shakes up iron ore leadership

The chief executives leading Atlas Iron and Roy Hill will be bumped up to new overarching roles within the broader Hancock Prospecting group as it moves on big growth plans for iron ore. Gina Rinehart’s private business announced today that two new roles would be created in light of the ‘growing complexity’ rail and port systems within Roy Hill and bigger plans to lift production from 60mtpa to 100mtpa.

Gina puts faith in Arafura Rare Earths’ story, pumping $60m in to put Nolans Project on path to development

Australia’s richest person Gina Rinehart will end up with roughly 10% of Arafura Rare Earths Ltd by pumping a massive $60 million into the rare earths developer, underlining the excitement around the development of its Nolans Project. The iron ore magnate, whose private company announced a massive $5.8 billion profit last week and spearheaded the construction of the US$7 billion Roy Hill iron ore mine, will tip in almost half of the $121 million firmly committed to a placement to accelerate the Nolans’ development schedule.