Pioneer of the
Australian Iron Ore
Industry

Miners could face the end of two years of prosperity where they remained almost untouched by COVID-19 within Premier Mark McGowan’s fortress WA when the state opens up in three weeks. Curtin University infectious disease expert Archie Clements likened WA’s isolated mining fly-in fly-out camps to islands that were “very vulnerable places during pandemics.” “They are good at keeping infection out, but if the infection gets in it tends to sweep through the entire population and incapacitate them,” he said.

Last year, Mineral Resources (MinRes) partnered with Hancock Prospecting and Roy Hill to investigate the development of a new iron ore export facility in Port Hedland, Western Australia. Stanley Point Berth 3 in South West Creek is shaping as a viable option for the major iron producers to expand their export capacities. The agreement would see Roy Hill provide services to MinRes and Hancock to develop and operate the facility, including rail haulage and port services. MinRes managing director Chris Ellison said collaboration of this kind would shape the future of Australia’s mining industry.

Mrs Rinehart and Hancock Prospecting Pty Ltd have been made aware today of fake social media posts and associated news stories alleging that Mrs Rinehart has invested $5,000,000 into a start-up crypto currency platform. It claims it can make you rich in 7 days. 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.

“I am particularly delighted that Hancock is joining forces with Boawu, the largest steelmaker in the world,” Hancock executive chairman Gina Rinehart said. “Whilst Hancock already has a long-standing successful partnership with POSCO through our Roy Hill mega project, and a great relationship with Chinese companies who helped us deliver the outstanding Roy project, we look forward to enjoying the same successes as we work with Boawu and our friends at AMCI through the studies, development and operations of the Hardey project.”

If ever there was a game of two halves it was iron ore in 2021. The first half of the year was something we’ve never seen before and may never see againProfits and dividends went through the roof. Australia’s biggest five iron ore miners — BHP (ASX:BHP), Rio Tinto (ASX:RIO), Fortescue Metals Group (ASX:FMG), Roy Hill and Mineral Resources (ASX:MIN) paid out $59.5 billion for the year to June 30. Gina Rinehart, Australia’s richest person, banked $3.92 billion from Roy Hill alone, after the 60Mtpa miner delivered $5.6b to shareholders. Hancock Prospecting’s Atlas Iron business, on death’s door as a listed entity a few years ago, raked in more than $900 million profit as Hancock declared a $7.3 billion profit — a record for a private company and larger than three of the four big banks.

Hancock Prospecting said in a statement it was “an opportunity to make this one of the best resorts in Australia, with its special location and white sandy beaches”. Ms Carroll agreed, saying it would be a boon for the region. Ms Carroll was confident Hancock Prospecting would deliver a “truly world-class tourism development” but said there was a long road ahead.