News - Hancock Prospecting PTY LTD

Australian billionaires are investing in energy

Invest like the rich is advice, which nearly always works, because most rich people have a knack for growing their fortunes – something small investors can learn from the latest financial adventures of three mining billionaires. Amassing a collective fortune of more than $65 billion, Gina Rinehart, Andrew Forrest and Chris Ellison have generated the bulk of their wealth in the iron ore mines of WA. Rinehart leads the way on the Bloomberg billionaires list with an estimated net worth of $35 billion. Forrest is said to be worth $31 billion, while Ellison has just joined the ranks of Australia’s “billies” with a modest $1.5 billion.

All eyes on iron ore

Iron ore development in Western Australia is drawing attention thanks to big moves made by Hancock Prospecting and BHP. Hancock Prospecting executive chair Gina Rinehart has shown that her recent investments in gas and critical minerals have not shifted her presence in the iron market. Rinehart has fully united both Roy Hill and Atlas Iron under one roof thanks to an initial deal struck in 2018. The new conglomerate will see Roy Hill chief executive Gerhard Veldsman become CEO of group operations at Hancock. The new title will come with added responsibility for Roy Hill and Atlas Iron operations, as well as other projects.

Hancock Prospecting invests $60m in NT rare earths project

AUSTRALIA’S richest person has invested in Arafura Resources’ Territory-based rare earths Nolans Project. Gina Rinehart’s Hancock Prospecting has invested $60m into the company which has embarked on a drive to raise funds months out from expected full project approvalArafura chief executive Gavin Lockyer said the placement had helped bring the project closer. “We are extremely pleased with the number of new and significant Australian and offshore institutional investors joining our register including Hancock Prospecting, a company well experienced in large project developments,” Mr Lockyer said.

Notice | False statements regarding Mrs Gina Rinehart investing in crypto trading platforms

8 December 2022.
Mrs Rinehart and Hancock Prospecting Pty Ltd have been made aware of fake social media posts and associated news stories alleging that Mrs Rinehart has invested into a new automated trading platform.

Mrs Rinehart has not made the alleged investment or recommendations or quotes set forth in these adverts. This is a scam designed to use Mrs Rinehart’s positive corporate image to lure people in to invest.

Rinehart rejigs Pilbara iron ore leadership team

Gina Rinehart’s Hancock Prospecting has moved to shake up the leadership team behind its money-spinning iron ore interests in the Pilbara. The company said the restructure would form part of its push to significantly increase annual exports in coming years. “With planned growth in scale from 60 million tonnes to 100mt, along with increasing complexity of the Roy Hill rail and port logistics system, Hancock will establish two new key roles to come into effect from January 30 — CEO group projects and CEO group operations,” Hancock said.

Hancock shakes up iron ore leadership

The chief executives leading Atlas Iron and Roy Hill will be bumped up to new overarching roles within the broader Hancock Prospecting group as it moves on big growth plans for iron ore. Gina Rinehart’s private business announced today that two new roles would be created in light of the ‘growing complexity’ rail and port systems within Roy Hill and bigger plans to lift production from 60mtpa to 100mtpa.

Gina puts faith in Arafura Rare Earths’ story, pumping $60m in to put Nolans Project on path to development

Australia’s richest person Gina Rinehart will end up with roughly 10% of Arafura Rare Earths Ltd by pumping a massive $60 million into the rare earths developer, underlining the excitement around the development of its Nolans Project. The iron ore magnate, whose private company announced a massive $5.8 billion profit last week and spearheaded the construction of the US$7 billion Roy Hill iron ore mine, will tip in almost half of the $121 million firmly committed to a placement to accelerate the Nolans’ development schedule.

RINEHART BUYS INTO RARE EARTH HOPEFUL

Gina Rinehart’s Hancock Prospecting has become the latest mining major to join the queue in rare earths, taking a 10 per cent stake in Northern Territory hopeful Arafura Rare Earths. Hancock has taken a cornerstone $60m stake in Arafura as part of a $121m placement at 37c, which will eventually give Ms Rinehart’s family company a stake worth about 10 per cent of the rare earth project developer.

Successes From Across the Sport Celebrated at the 2022 Hancock Prospecting Rower of the Year Awards

It was a fantastic night for all of the rowing community to come together and celebrate the successes from the 2022 season at the Hancock Prospecting Rower of the Year Awards held in Penrith, NSW on Friday 2 December 2022. Rowing Australia President, Rob Scott also added, “I also want to reiterate that we continue to be grateful for the ongoing support of everyone in our sport that enables us to succeed. From our fantastic sponsors, which includes the vital support of Hancock Prospecting, to our selfless rowing community. Congratulations to all our award winners.” 

Gina Rinehart’s big move to restructure leadership at Hancock Prospecting to grow Pilbara iron ore interests

Gina Rinehart has moved to shake up the leadership team behind her money-spinning iron ore interests in the Pilbara. Mrs Rinehart’s Hancock Prospecting will reportedly install a single boss to oversee both her Roy Hill and Atlas Iron interests, with current Roy Hill chief executive Gerhard Veldsman to become chief executive of group operations. The changes will take effect from the end of January. Cashed-up Hancock has also been busy shoring up its interests away from iron ore, with big plays in the gas and rare earths industries. Hancock is now the frontrunner in an intensified bid for Warrego Energy after gazumping an offer from fellow suitor Beach Energy.

Rinehart reloads in iron ore with sights set on 100m tonnes

Gina Rinehart has unveiled a major shake up in the running of Hancock Prospecting’s core iron ore businesses as it targets a boost in production to 100 million tonnes a year. The leadership re-set at Australia’s most successful private company comes as it looks to lift production at the flagship Roy Hill mine, add new mines to the Atlas Iron operations and build export facilities at Port Hedland under a partnership agreement with Chris Ellison’s Mineral Resources. The changes show Mrs Rinehart has no intention of taking her eye off the ball in iron ore while Hancock pursues acquisitions and major investments in onshore gas and green minerals.

Rinehart Moving and Shaking Up the Northwest

Gina Rinehart’s private business has made two significant moves in rare earths in the Northern Territory and natural gas in the Perth Basin, near the WA capital. Monday saw Ms Rinehart’s company emerge with a 10% stake in Arafura Rare Earths after it coughed up just on half of Arafura’s $121 million raising to develop the Nolans rare earths mine in the NT. Meanwhile, Ms Rinehart and her advisers have shown the benefit of moving aggressively and tactically to take a potentially winning position for control of Warrego Energy, a company with a half interest in a WA gas field with no production as yet but plenty of potential.