Shareholders will vote on the deal in March, with the Senex Board recommending its shareholders to vote in favour of the deal. Each member of the board intends to vote all shares they own in favour of the deal. If successful, the deal is subject to be completed in March and POSCO previously announced that Gina Rinehart’s Hancock Energy will grab a 49.9 per cent stake, however, this is not a condition to the scheme going ahead.
Billionaire Gina Rinehart and South Korea’s Posco International have won control of Senex Energy following a shareholder vote with the Queensland gas producer forced to defend the value of the deal amid a rapid surge in oil prices. Hancock first approached Posco about a joint tilt for the gas producer after buyout talks were made public with the duo already partners in Ms Rinehart’s Roy Hill iron ore mine in Western Australia’s Pilbara.
Senex Energy has ended its 37-year stint on the ASX boards, with a majority of shareholders approving the $900 million takeover of the east coast oil and gas company amid the global turmoil in energy markets.
Congratulations to all participants & supporters engaging in the Beijing 2022 Winter Paralympic games.
Australia’s Olympic champion rowing crews – the men’s and women’s fours – have won their respective male and female crew of the year awards at Rowing Australia’s 2021 Hancock Prospecting Rower of the Year Awards. “I’m honoured to receive the Gina Rinehart rowing leadership award for Rowing Australia and for our performances in 2021. I’m absolutely chuffed to receive this award, it’s a huge honour,” Cameron said. “I wouldn’t have been able to achieve what I did last year with my three other crewmates in Tokyo without the help and support of Mrs Rinehart. To receive this award is truly memorable and it will go right next to my Olympic bronze medal as a highlight of my career. Rowing Australia CEO Ian Robson said: “We congratulate and thank all the athletes, coaches, administrators and volunteers for all their hard work and sacrifice. Particularly the families and friends and club communities who have supported unconditionally the dreams and aspirations of all of our Olympic and Paralympic athletes.
The devastating Russian invasion of Ukraine has captured global attention. While the world’s focus is rightly on the human toll and suffering, the crisis has highlighted the need to end reliance on Russian oil and gas. To achieve that ambition, we must be pragmatic and invest in sensible alternatives, not engage in wishful thinking about renewable energy.
Rowing Australia held their annual awards gala in Penrith, NSW, March 11th, to celebrate the successes of the rowers and their coaches. And what a year to celebrate after an amazing performance in Tokyo by our rowers! One of Australia’s rowers best Olympic performances in history. Hancock Prospecting and Mrs. Gina Rinehart send a heartfelt congratulations to all of this evening’s winners, and a big thank you to president Rob Scott.
South Korea’s top steelmaker POSCO and Hancock Prospecting Pty Ltd, a leading Australian mining firm, have agreed to restart a long-dormant iron ore mine development project as the prices of the steelmaking raw material soar. The development of the Hardey project was originally estimated at $7.4 billion (A$10.3 billion), but the cost will likely dwindle as the developers have agreed to use the Roy Hill railway, port and other infrastructure for exports, removing the need to build new rail lines and ports.
Gina Rinehart believes foreign ownership of Australian farmland should be capped at a maximum of 49 per cent to protect against breakdowns in international relations. Ms Rinehart, Australia’s richest person with major stakes in mining and agriculture, said that while she was “very much pro foreign ownership” her support came with a major caveat. “The proviso is that the majority ownership is Australian and that the management is Australian,” she told 6PR Radio.
Gina Rinehart is the proud patron of the Australian swimmers, Swimming Queensland, Swimming West Australia, Rowing Australia, Volleyball Australia and Artistic Swimming, and is very dedicated to the Olympic and Paralympic athletes. She was also awarded the Australian Olympic Committee’s prestigious Order of Merit for her commitment to Olympic sport. Hancock Prospecting and Gina Rinehart are the largest ever private supporters of Australia’s Olympic efforts, in Australia’s history.
With very best wishes to the Aussie Winter Paralympics team!
WA mining billionaire Gina Rinehart has formally pushed the button on her magnetite iron ore ambitions with Atlas Iron launching a feasibility study on its Ridley project in the Pilbara. Chief executive Sanjiv Manchanda said while the prevailing skills shortage, long lead times for regulatory approvals and lead times for major equipment made the task of feasibility study challenging, Atlas would ensure that its existing discipline, engagement of stakeholders and cost focus continued with Ridley. The move highlights the growing demand and price premiums for higher grade iron ore as the world and particularly China look for greater efficiencies and reduced emissions in the steel-making process.
