27 October 2023
Pioneer of the
Australian Iron Ore
The most successful private company ever in Australia’s history, and one of the most successful private mining companies in the world.
Built on a long and special history of investing and risk taking in Australia, Hancock Prospecting is an independent, privately owned Australian company that has a proud history with the Pilbara and the iron ore sector, and is one of the longest continuous owners of cattle stations in Australia.
Wabtec and leading iron ore miner Roy Hill, majority-owned by Hancock Prospecting, have debuted the world’s first 100% battery-powered, heavy-haul locomotive for mainline service. Hancock Prospecting Group operations chief executive Gerhard Veldsman commented on the debut. “The foresight of our Executive Chairman, Mrs Gina Rinehart AO, has been instrumental in establishing an environment in which we can successfully leverage the ingenuity of our people alongside key partners like Wabtec to transform our rail and mining operations through next-generation technologies,” he said.”The FLXdrive locomotive represents not only a first for the Pilbara, but a first for the mining industry. “The technological smarts that have gone into the development of the loco makes it well suited for our rail network. “By using regenerative braking, it will charge its battery on the 344km (214 miles) downhill run from our mine to port facility and use that stored energy to return to the mine, starting the cycle all over again.
Gina Rinehart has broken ground on a $20 million renovation project at Roy Hill’s headquarters in west Perth. Reflecting Rinehart’s commitment to ongoing breast cancer research, the building will be pink themed and inspired by the Sturt desert pea. “We love our firsts at Roy and our design will be the first of its kind in Australia, indeed the world,” Rinehart said.
Gina Rinehart has turned the first soil at a $20 million project to renovate the future West Perth headquarters of iron ore miner Roy Hill Holdings. The office building at 53 Ord Street could house up to 600 staff for the big mining company, which is embarking on expansion plans at its multi-billion-dollar Pilbara export operations. It was revealed in October the City of Perth had signed off on planning approval for the site, which will be themed on the red Australian wildflower the Sturt desert pea. The flower and the pink theme reflect Roy Hill executive chairman Gina Rinehart’s long commitment to breast cancer research and support.
As the minister overseeing the process, he has been unable to effect any real change in seven years, so there’s little confidence that change will happen quickly. According to the CCIWA, there are about $381 billion of investment projects in the pipeline that are yet to receive environmental approval that could create an estimated 106,000 jobs. Of those the CCIWA surveyed, 40 per cent were at risk of abandoning their project due to longer-than expected approval times. As outlined in the WA CCI’s Green Web report, businesses have described working with the State Environmental Protection Authority as “laborious and frustrating” with “ever-changing guidelines and shifting goal posts”. Currently, the normal expectation for a mine to come online is eight to 10 years, double traditional expectations of four to five years.
“Hancock Prospecting is built on good Australian values where loyalty and performance are rewarded. Our vision is to create pathways to business and employment opportunity for veterans and ex military across Hancock Prospecting, That the veterans feel valued and preferentially treated when they approach us and that we create a real sense of recognition of military service to the country for which they served which for the majority will be Australia.”
Hancock Prospecting Executive Chairperson,
Gina Rinehart AO
Building an exceptional future
We are committed to developing opportunities for women across our operation. Join us to continue building an exceptional future for our great nation, and to set yourself up now and into the future.
We have varied and exciting career opportunities across our mining and agricultural businesses. To join one of Australia’s most successful private company, head to www.futureaustralianjobs.com for more information.
Billionaire Gina Rinehart has described her giant $10bn Roy Hill iron ore mine as “the mega project that … we thought might not happen”. The billionaire mining magnate told a celebration of the 10th anniversary of Roy Hill that the mine’s first equity investors had made a “rare entrepreneurial move … with significant risk” that had paved the way for a project that made $13bn in net profits in the last two years alone and already paid off $10bn in debt in full.
The newest Oldendorff Carriers capesize vessel has today been christened “Gina Oldendorff” after Mrs Gina Rinehart AO, who had the honour this morning of christening the huge ship, in the traditional way, with a bottle of champagne. Oldendorff carried the first shipment of iron ore from Roy Hill in December 2015, and since then has carried more than 46.6 million tonnes of Roy ore over 244 shipments, as well as shipments from Atlas. Today’s special occasion marked the valued and friendly relationships extending over years between the companies. Mrs Rinehart when christening the ship wished the vessel and all its crew many safe journeys, and many happy returns.
Australia’s richest person Gina Rinehart is giving away $100,000 bonuses to workers to mark her 41 years at her company
Australia’s richest person Gina Rinehart will hand out another $4.1million in bonuses to employees of her mining company as she marks 41 years at the firm. Ms Rinehart will give 41 Hancock Prospecting staff members $100,000 each this week, with a raffle to determine the lucky recipients. Rinehart has thanked her workers for ‘another great year’ and said all of Australia benefits when her mine thrives.