News - Hancock Prospecting PTY LTD

Hancock warns of IR troubles

Gina Rinehart’s Hancock Prospecting says billions of dollars in future royalty and tax revenue for the WA economy would be in jeopardy if multi-employer bargaining codes are forced onto the mining sector. Hancock Prospecting chief executive Garry Korte said a six-week period of strike action at Port Hedland would cost $9 billion in lost iron ore export revenue and an estimated $551m in lost mining royalties to the WA Government. “If the Bill were to pass in its current form it would open the door to a confrontational industrial relations system that could cripple our industry and result in poorer wage outcomes for our workers,” he said.

Hancock bidder’s statement for Warrego (ASX disclosure)

30 November 2022.

Hancock initial offer for Warrego shares at $0.23

30 November 2022.

Media Release | Statement on HPPL 2022 Annual Report

30 November 2022.

Hancock Group CEO Garry Korte Discusses IR Bill

30 November 2022.

An Iron Giant: Gina Rinehart

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.

Radio 2CC | Stephen Cenatiempo interviews Pauline Hanson

29 November 2022.

Rinehart’s Atlas Iron keeps up IR attack as it delivers $225m dividend

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.

Congratulations to the Hancock Group’s Executive Chair Dr. Gina Rinehart AO on her outstanding leadership

This year marks a very special milestone for the Hancock Prospecting Group – a celebration for Mrs. Gina Rinehart ao who has strongly led the Group for 30 years in her role as Executive Chair. During this time, Mrs. Rinehart has led the company to become one of the most successful private mining houses in the world, not to mention the most successful private company in Australia’s history, after taking on the position of Chair when the company was not in a good position.

2022 Australian Export Awards

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

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.

Gina Rinehart tips into IPO hopeful Brazilian Rare Earths

Mining billionaire Gina Rinehart’s Hancock Prospecting is understood to have written a cheque for IPO hopeful Brazilian Rare Earths’ $21 million private round. Investor sources said Hancock and another family office took up a big slice of the pre-IPO round in a raise wrapped up by Canaccord Genuity last week.