News - Hancock Prospecting PTY LTD

Iron ore price falls on worries of steel output cut in China

Iron ore prices fell on Monday as expectations of steel output cuts in China and weakness in the country’s property segment weighed on sentiment. The most-traded January iron ore on China’s Dalian Commodity Exchange dipped 0.4% to 725 yuan ($99.88) per metric ton.“[Citi’s] industry discussions suggest that crude steel control targets will likely be finalized by August 15, and local governments and mills could make their own production control plans thereafter,” the bank said in a note, mirroring earlier concerns from the southwestern Yunnan province.

Iron ore magnate Gina Rinehart brings mining technology to Perth streets in new rubbish truck fleet

Gina Rinehart has led a push for safer rubbish trucks in WA, bringing mining technology to the streets of Perth. The mining magnate has funded new trucks with collision mitigation systems, which provide the driver with visual and audible warnings to avoid accidents. “Having felt the pain of a dear friend mourning the tragic loss of his much-loved brother, I certainly hope this new solution will play an important part in others not having to go through similar tragic circumstances.”

City of Perth | MEDIA RELEASE | City waste trucks to get a safety upgrade

Hancock Prospecting and Roy Hill Executive Chairman, Mrs Gina Rinehart AO, instigated the approach to the City of Perth, recognising an opportunity to leverage Roy Hill’s skills and expertise in vehicle automation to enhance safety outcomes in Perth.“I’d like to acknowledge the Lord Mayor, Basil Zempilas, for his drive in making this project a reality. Hancock Prospecting and Roy Hill has a fantastic association with the Lord Mayor and the City of Perth, and this is another significant achievement we can be proud to have worked together to deliver.

Notice | Fake social media posts encouraging investment in scams

15 August 2023.

Roy Hill sets up chatbot to help lift productivity

West Australian mining company Roy Hill has developed its own internal chatbot to give its employees better insights about the company’s functions and to increase their personal productivity. The program was developed after executive chairman Gina Rinehart put out a challenge 18 months ago for the leaders of WA mining companies to use AI to help increase productivity. “The system is designed to respond to a broad spectrum of inquiries related to production data, company policies and procedures, as well as general HR information,” Roy Hill said in a statement. “Roy Hill’s employees interact with RoyBot using natural language, asking questions through the internal web application.”

Bush Summit: Wind farms facing revolt from farmers

Governments and wind farm developers could face stiff opposition from farmers amid growing concern that large-scale projects could change the landscape for the worse, former Northern Territory chief minister Adam Giles says. Mr Giles – now the chief executive of Gina Rinehart’s two key farming businesses, Hancock Agriculture and S. Kidman and Co – told The Australian’s Bush Summit in Perth on Monday that the transition to net zero was being felt as a “blunt instrument” in regional Australia.

Most farmers ‘cannot afford net zero’: Gina Rinehart

Mining billionaire Gina Rinehart has addressed The Australian Bush Summit in Perth, saying that most farmers are unable to afford net zero. “With the consequences, Aussies and the towns will see huge food price increases and fresh food shortages, this is the maths that has to be brought in too,” Ms Rinehart said. “There’s quite a bit of government tape that would make life better if removed.”

Bush Summit live: Mrs Gina Rinehart AO

Reporting of key elements of Mrs Gina Rinehart AO addressing the 2023 Bush Summit.

Rio Tinto says its has signed off on the legal framework covering the development of Simandou

Rio Tinto has finally signed off on a key development agreement with the Guinean government over the port and rail infrastructure needed to get the giant Simandou iron ore mine in Guinea, West Africa, into production. Rio late on Friday said it had signed off on the joint venture arrangements with the Guinean government and the China-backed Winning consortium on a “co-development convention”. The agreement clears the way for an acceleration in the development of Simandou, long lauded as the biggest undeveloped iron ore project in the world.

Rio Tinto and partners reach agreements on rail infrastructure to unlock Simandou

Rio Tinto and its joint venture partners have reached a key infrastructure milestone with the Republic of Guinea towards the full sanctioning of the Simandou iron ore deposit in the West African country. The mining giant said the parties had reached agreements on trans-Guinean infrastructure for the massive project, creating legal framework for the co-development of more than 600km of new rail line. The rail will be used to export the steel-making ingredient from the Simandou mining concessions in the southeast of the country.

Bernardi | Commando Welfare Trust | Supporting defence families

Cory Bernardi interviews the Chairman of the Commando Welfare Trust. Brigadier Mark Smethurst DSC, AM (Retd), speaks of the vital importance of the trust that ensures financial support to families of Veterans during times of tragedies such as the recent taking place in the Whitsundays. Hancock Prospecting & Mrs Gina Rinehart AO providing direct financial support to the Fund, and the opportunity for other Australians to further contribute.

Rowan Dean | The Outsiders | Hancock Agriculture and S.Kidman & Co CEO Adam Giles delivers speech by Mrs Gina Rinehart AO

Rowan Dean shares important speech delivered by Hancock Agriculture & S.Kidman CEO Adam Giles.