Pioneer of the
Australian Iron Ore
Industry

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.

Latest News

Sky News | Chris Smith interviews Mrs Gina Rinehart AO

Hancock Prospecting Executive Chairwoman Gina Rinehart says she does not think either major party leader is “sufficiently across” what she sees as Australia’s “two most important issues”. Ms Rinehart told Sky News host Chris Smith that one of these issues is defence. “I repeatedly say, if we don’t have our country, what do we have? “And the second one is the economy, the economy is so important, it’s what drives living standards, it’s what drives jobs, it’s what drives revenue, it’s what drives opportunities.

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WA continues to be the Regina George of the Federation

Handing down his second state budget as Treasurer, Premier Mark McGowan proudly showed off an Apple Wallet with a balance of $5.7bn. The eye watering operating budget surplus is not the biggest in history. Last year the state – better known for shunning visitors and stunning sunsets – banked $5.8bn as the rest of the country was in and out of Covid lockdowns. Where did WA find all that cash? In the ground and from around Australia. Iron ore keeps WA’s books in the black.

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Red dirt royalties keep WA in the black, but McGowan knows they won’t last forever

Royalties from iron ore to feed the steel mills of China have allowed Western Australia to emerge from the pandemic with a surplus while NSW and Victoria face years of growing debt. The mines in the Pilbara region will deliver Premier Mark McGowan $10.3 billion this financial year, allowing the resource state to record a $5.7 billion surplus and cut net debt for the third year running. The WA government earns more from iron ore than land tax, stamp duty and payroll tax combinedIron ore will deliver almost 90 per cent of WA’s royalty income, from mining and oil and gas extraction.

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Absentee overload

An explosion of COVID-19 cases in WA is intensifying staffing woes, directly impacting businesses which continue to bear the brunt of skills shortages. As cases soared to a record high of 17,000 on Wednesday — well above the original peak prediction of 10,000 — businesses were left grappling with a surge in virus-related absenteeism. Some are optimistic conditions will improve from here as the case load comes down. However, others are anticipating further disruptions as potential new strains emerge. WA’s resources sector has also acutely felt the impacts of absenteeism.

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Notice | False statements regarding Mrs Gina Rinehart investing in crypto currency

10 May 2022.
Mrs Rinehart and Hancock Prospecting Pty Ltd have been made aware 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.

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.

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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.
LANG HANCOCK
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.