Speech by Executive Chairman Mrs. Gina Rinehart, Thursday 2 December 2021.
Pioneer of the
Australian Iron Ore
WELCOME TO HANCOCK PROSPECTING
One of Australia’s most successful, privately-owned companies that has a long and important association with the Pilbara, West Australia and the iron ore and agriculture sectors. The Group continues to diversify into key industries to support the company’s future.
MINERAL Resources has locked in port and rail agreement with Hancock Prospecting, ensuring it can export iron ore from its assets in Western Australia’s Pilbara that were once considered stranded. MinRes and Hancock announced the agreement on November 29, which will involve the development of an iron ore export hub at the Port Hedland Standley Point Berth 3, in South West Creek. “Our long-stated strategy is to transform from short-life, high-cost mines to lower-cost, longer-life operations underpinned by innovative infrastructure solutions.”
While co-operation among Pilbara iron ore miners is rare, MinRes has an existing relationship with Hancock via its mining services division. “We look forward to working with Hancock, Roy Hill, PPA and the state government to progress this project which would help unlock stranded assets in the Pilbara and would create thousands of jobs for West Australians for years to come,” Ellison said.
Ellison said yesterday the agreement with Hancock and Roy Hill was the first of its kind in the Australian resources industry. “Our long-stated strategy is to transition from short-life, high-cost mines to lower-cost, longlife operations underpinned by innovative infrastructure solutions,” he said.
Mineral Resources’ infrastructure agreement with Roy Hill and Hancock Prospecting could enable the ASX-listed miner to develop stranded iron-ore resources such as its Marillana project, Macquarie says. “A development of Marillana and the infrastructure agreement presents upside risk to our base-case earnings and valuation for MIN,” says Macquarie, which doesn’t factor that project into its base case for Mineral Resources at present
When Mining does well, Australia does well.
Hancock Prospecting Group companies, Roy Hill and Atlas Iron, joined together to promote all that our industry does for our country. Video preview at post.Read More
Another honour for Mrs Gina Rinehart, Executive Chairman, HPPL, Roy Hill, S.Kidman & Co
“Gina Rinehart is a great advocate for the Australian mining industry, and a very worthy inductee to the Australian Prospectors & Miners Hall of Fame for 2020.” This recognition follows Mrs Rinehart’s receipt of the GJ Stokes Memorial Award at Diggers and Dealers in October, the second only person and first female to win the trifecta of awards at diggers and dealers.Read More
We support WA Jobs for recovery.
The Hancock Prospecting Group, in the lead up to National Mining and Related Industries Day and National Agriculture and Related Industries Day, has been actively promoting the important role of primary industries in our great State and Country.Read More
We are investing in Australian jobs and look forward to you joining with us to continue to build prosperity for our great nation, and to set yourself up now and into the future.