News - Hancock Prospecting PTY LTD

WABTEC-ROY HILL partner for first flxdrive battery locomotive

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.

Roy Hill breaks ground on renovation project

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.

RINEHART TICKLED PINK OVER COMPANY’S LIGHT ON THE HILL

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.

Airbus Albo | Pauline Hanson’s Please Explain

25 November 2023

Projects regulated to death

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.

Cornering a different market?

Mining billionaire Gina Rinehart has taken a majority stake in the Bunbury Farmers Market, heralding a new era for the South West business. The West Australian can reveal that Hancock Prospecting, Mrs Rinehart’s key investment vehicle, has reached a deal with the market’s current owners — Kevin Opferkuch and Graham Heath — but the exact terms were not disclosed. In a statement, Hancock said the investment would help to accelerate plans to grow the much-loved market, including the development of the recently announced Vasse Village Bunbury Farmers Market, which is set to open in late 2024. “Additional future sites, including Perth locations, will also allow new customers to enjoy the unique BFM experience,” Hancock said.

Labour’s I.R deal splits mining sector

24 November 2023.

Hancock Prospecting invests in Bunbury Farmers Market

24 November 2023

Gina Rinehart backs coast-to-coast 2026 Commonwealth Games bid

The mayors of the Gold Coast and Perth have proposed hosting a “coast-to-coast” 2026 Commonwealth Games – backed by the nation’s richest person – to “rescue Australia’s reputation” following the withdrawal of original hosts Victoria under Daniel Andrews. Gold Coast Mayor Tom Tate and Perth Lord Mayor Basil Zempilas – as well as billionaire mining magnate and sports patron Gina Rinehart – have sent a letter this week to Anthony Albanese seeking his support for the idea.

Gina’s Christmas wish

Australia’s richest person has called on the federal government to give the nation a “Christmas bonus” in the form of a petrol excise tax cut to deal with spiralling costs, as “woke agendas” threaten Aussie living standards. “Every few dollars counts for people in tough times,” Mrs Rinehart told The Daily Telegraph. “With the stroke of a pen, the government could deliver minor short-term relief to millions by cutting the petrol tax for households.

Miners dig in on ‘divisive’ IR deal

Labor’s industrial relations deal with resource sector employers has split the mining industry, with Gina Rinehart’s Hancock Prospecting opposing the agreement and the Minerals Council of Australia accusing a rival employer body of being a “soft target”. As the Senate crossbench renewed its bid to split the bill this year, employer groups representing big and small business criticised the Australian Resources and Energy Employer Association over the deal to exclude ¬service contractors from the industrial relations bill. Hancock Prospecting’s Roy Hill mining operation, which is a member of both AREEA and the Minerals Council of Australia, wrote to AREEA chief executive Steve Knott on Wednesday to express concern about the deal.

National Mining & Related Industries Day | Celebrations | Photo Gallery

Highlights from the 2023 National Mining Day celebrations!