Pioneer of the
Australian Iron Ore


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.

Latest News

POSCO inks MOU deal with Australia’s Hancock to secure raw materials for EV batteries

“Posco Group and Hancock Prospecting have been cooperating since 2010 and expanding our partnership every year. We successfully developed the Roy Hill mine development project recently and acquired Senex Energy together,” The Korea Times quoted Choi as saying in a statement. “Our two companies can create bigger synergy if they work together in the business for secondary battery materials, as Posco has the value chain to develop secondary battery materials for production of cathodes and anodes, while Hancock has excellent experience and capability in mining.”

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POSCO Group Chairman Meets with Heads of Australian Resource Developers

POSCO Group Chairman Choi Jung-woo visited Australia to meet with heads of local resource development companies, the group said on June 21. Choi visited Western Australia and met with Gina Rinehart, chairwoman of Hancock Prospecting, a privately-owned mineral exploration and extraction company, on June 20 (local time). The two signed a memorandum of understanding (MOU) for strategic cooperation in developing mines of important metals such as lithium, nickel and copper and the promotion of the hot briguetted iron (HBI) business.

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POSCO, Hancock to expand partnership beyond iron ore

South Korea’s steel giant POSCO Group plans to expand its partnership with Australian mining group Hancock Prospecting Pty Ltd. into other types of minerals such as lithium, nickel and copper beyond iron ore, a key raw material for steel. The signing ceremony was attended by POSCO Chairman Choi Jung-woo and Hancock Executive Chairman Gina Rinehart, Australia’s richest person.
Choi said that expanding the partnership between the manufacturer of EV battery materials and the mining group will create significant synergy.

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Major Highlights

AOC and Hancock Prospecting in change-making partnership

AOC announcement 28th of January 2022.

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Sky News Australia Day 26 January 2022 | Rowan Dean interview of Mitch Larkin and Mack Horton

Gina Rinehart "singlehandedly saved our sport", according to Olympic Swimmer Mitch Larkin. It comes after mining magnate Gina Rinehart was appointed as an Officer of the Order of Australia for services to mining, community and sport. "She's such a caring and supportive lady," Mr Larkin told Sky News host Rowan Dean.

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Australia Day honours: Billionaire patron Gina Rinehart goes from strength to strength

Hancock is one of the biggest taxpayers in Australia and has weathered the Covid pandemic. Its company profit for the year to June came after revenue for Mrs Rinehart’s Hancock rose to a record $16.6bn from $10.5bn a year earlier and the business paid a huge $2.7bn in federal corporate and state taxes. Last year was also a significant one away from mining for Mrs Rinehart, who watched strong performances by athletes in the four sports she backs at the Tokyo Olympic Games. Swimmers, rowers, beach volleyball players and artistic swimming representatives all receive direct support from Mrs Rinehart, as part of charitable and sponsorship pursuits the billionaire undertakes that also includes helping Cambodian girls out of poverty. All of the support has been recognised in this year’s Australia Day honours, with Mrs Rinehart gaining the title of Officer of the Order of Australia for distinguished service to the mining sector, to the community through philanthropic initiatives, and to sport as a patron.

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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.

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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.

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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.

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Minerals are not like crops of wheat or wool that grow every year. You have got to find more each year and more each decade if Australia’s standards of living are to continue.
Hancock Prospecting Founder

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.