Hancock in India deal as Japan also taps WA Gina Rinehart’s Hancock Prospecting is readying for a drilling blitz over WA’s Yilgarn minerals belt as part of a new lithium venture with India. The exploration partnership with Indian group NMDC is set to be finalised on Thursday in the miner’s home city of Hyderabad just two weeks after Mrs Rinehart met privately with Indian Prime Minister Narendra Modi during his Australian visit, pictured.
Read MoreS. Kidman & Co and the Santa Gertrudis Society for “Santas in July” at the Norman Hotel, please see promotional flyer.
Read MoreGina Rinehart’s listed partners in a potential lithium joint venture in WA’s central Yilgarn have gone into trading halts ahead of an announcement. The Indian-backed Legacy Iron Ore and Hawthorn Resources flagged news of “a joint venture agreement on the Mt Bevan project”, 250km north of Kalgoorlie.
Read MoreRoy Hill is celebrating a ten-year partnership with its financing and equity partners, POSCO, Marubeni and China Steel Corporation.The Roy Hill project is the only independent iron ore operation in the Pilbara with majority West Australian ownership. At the time in which the joint venture agreement was created, it made history as one of the most significant projects for its time.“Our partners and everyone who has been involved in Roy Hill can be extremely proud they have built Roy Hill from a project into one of the best mining companies in Australia.”
Read MoreAustralia’s most successful private company – which made the AFR Fast Global list with almost 18 per cent revenue growth over the past three years – has a pipeline of magnetite and other projects aimed at boosting the iron ore exports. Hancock executive director Tad Watroba says the world will need more iron ore than ever before to hit global targets in renewable energy, but government policies were a barrier to boosting production. “Iron ore is critical to the modern world, and by all assessments global demand for iron ore and steel is only going to increase in the coming decades,” he says.
Read More“We are especially proud to lead the industry with our representation of women and our support for veterans. “Our partners and everyone who has been involved in Roy Hill can be extremely proud they have built Roy Hill from a project into one of the best mining companies in Australia,” said Rinehart. The mine is estimated to have made more than A$13-billion in net profits over the last two years, with the project already having paid off its A$10-billion debt in full.
Read MoreHancock Prospecting says it wants Rio Tinto to open new mines under a long-standing partnership as it moves to boost iron ore production, but warns the Albanese government’s policies are posing a threat to investment. The resources group, owned by billionaire businesswoman Gina Rinehart, said the government had put in place “necessary” barriers delaying the development of new projects under the Hope Downs partnership that so far involves the Hope 1, Hope 4 and Baby Hope mines in Western Australia.
Read MoreRoy Hill were proud to sponsor the WA Day drone show, belatedly held in better weather on Monday evening. Mrs Rinehart was pleased to watch the show with some of the veterans who work across the Hancock Prospecting group of companies.
Read More“It’s a mega project which at times we thought may not happen,” said Rinehart, who is the executive chairperson of Roy Hill. “We are very fortunate our partners proceeded to invest in our project. It represented a massive vote of confidence in our hardworking, then small executive teams. Since then, it has been a remarkable ten-year journey, one that many thousands of West Australians and Australians have contributed to, and which in turn has contributed to our state and country. “We are especially proud to lead the industry with our representation of women and our support for veterans.
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