Pioneer of the
Australian Iron Ore
Industry

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Winners celebrated at the 2023 Prospect Awards

The 2023 Australian Mining Prospect Awards were held last night in Brisbane, celebrating the mining industry and those working in it who are going above and beyond. Congratulations to all nominees, finalists and winners of the 2023 Australian Mining Prospect Awards.

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Roy Hill named Australian Mine of the Year

“This is an example of Roy Hill using innovative solutions to meet the challenges of an extremely tight labour market, while supporting our people with retraining and helping them transition into other critical roles of the business. We thank our Executive Chairman Gina Rinehart for her leadership on this and our staff for their valued work on this program ” said CEO Hancock Operations, Gerhard Veldsman.

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Rinehart-backed Brazilian rare earths play heads to $315m IPO

Gina Rinehart’s Hancock Prospecting took part in the company’s pre-IPO raise. The company will hit the bourse on December 18. The listing is by way of 34 million new shares at $1.47. Last year, Street Talk reported that Gina Rinehart’s Hancock Prospecting and another family office took up a big slice of the pre-IPO round in a raise wrapped by Canaccord.

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RED TAPE GROWING FASTER THAN ECONOMY

Australia is struggling under the burden of red tape that is growing at nearly twice the rate of the national economy, leading to urgent calls for parliament to act to cut out-of-date regulations and ban new rules from being imposed without old ones being repealed.

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IR bill could smash economy

Until recently, debate over the Anthony Albanese’s Closing Loopholes legislation has largely ignored a factor that could smash the economy. Unless this is clarified, resources and energy operations could shut. Thousands of workers could be out of a job. Frankly, it is ludicrous to think the FWC, with only one of its 50 members ever having run a substantial business, could be allowed to make assessments about future work plans that experienced business managers and board directors haven’t yet contemplated.

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Wabtec and Roy Hill unveil the first FLXdrive battery locomotive

Wabtec Corporation and Hancock Prospecting subsidiary Roy Hill have celebrated the debut of the FLXdrive battery locomotive at a ceremony held at Wabtec’s design and development centre in Pennsylvania, US. The FLXdrive battery locomotive is the world’s first 100 per cent battery-powered, heavy-haul locomotive for a mainline service. It has a pink design to symbolise Roy Hill’s commitment to assisting in breast cancer research and those suffering from the illness. “This FLXdrive locomotive represents a major step in the journey to a low-to-zero-emission future in the rail industry,” Wabtec president and chief executive officer (CEO) Rafael Santana said.

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Hancock tops profit list with iron haul

Gina Rinehart’s Hancock Prospecting mining giant has delivered the biggest profit for a locally owned private company this year, shipping record amounts of iron ore overseas.

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Wabtec and Roy Hill Unveil the First FLXdrive Battery Locomotive

Wabtec and its launch customer,
a leading iron ore miner majority owned by Australia’s most successful private company, Hancock Prospecting, celebrated the debut of the FLXdrive battery locomotive, the world’s first 100% battery-powered, heavy-haul locomotive for mainline service. The ceremony unveiled the unique, striking pink-colored locomotive at Wabtec’s design and development center in Pennsylvania in front of employees, customer executives, and government and community officials.

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MEDIA RELEASE | Wabtec and Roy Hill Unveil the first FLXdrive Battery Locomotive

Wabtec and its launch customer Roy Hill, a leading iron ore miner majority owned by Australia’s most successful private company Hancock Prospecting, have celebrated the debut of the FLXdrive battery locomotive, the world’s first 100% battery-powered, heavy-haul locomotive for mainline service.

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