News - Hancock Prospecting PTY LTD

Rinehart shakes up Hancock Prospecting’s iron ore leadership

The leadership reset 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.

Monsters of Rock: Monsters line up for rare earths as magnet metals become the must have Billionaire Xmas gift

Gina Rinehart’s $60 million move on Arafura Rare Earths (ASX:ARU), which will see her join a $121m institutional placement to own around 10% of the emerging critical minerals stock, is the latest sign it is becoming the place to be.

Beef supply chains Mort&Co and Hancock Ag win national export awards

THE beef industry has cleaned up at the 60th annual Australian Export Awards, with Hancock Agriculture and Mort & Co winning separate sections. Hancock’s 2GR Wagyu brand took out the agribusiness, food and beverage category and Mort & Co won the regional exporter category. Consolidated Pastoral Co was a finalist in the agriculture category and Darwin-based live exporter Australian Cattle Enterprises emerging exporter finalist. Hancock Agriculture CEO Adam Giles said the company had grown exports in the UK, Europe and the west coast of the US, with further markets expected to develop with the organic growth in its herd and production capabilities. “The 2021–22 year was spectacular for 2GR,” Mr Giles said.

Rinehart takes cornerstone stake in Arafura

NOT content with weighing into the Australian gas market, most recently with a circa A$250 million bid for Perth Basin explorer Warrego Energy, Gina Rinehart has now dealt herself into the rare earth elements space. Arafura Rare Earths has just completed a A$121 million placement to accelerate development of its Nolans project in the Northern Territory with Rinehart’s Hancock Prospecting taking a cornerstone stake. Hancock has paid $60 million for a 10% interest in Arafura, one of a number of new shareholders buying into the company as it prepares to start development as one of a new generation of Australian REE producers.

Rinehart revs up in rare earths, gains lead in Warrego race

Gina Rinehart’s Hancock Prospecting has grabbed a big stake in Arafura Rare Earths amid a flurry of corporate activity from the iron ore billionaire, who is intent on increasing her private company’s footprint in green minerals as well as winning a takeover battle for Warrego Energy. The investment was announced on Monday as Warrego confirmed Hancock had gained the upper hand over Kerry Stokes-backed Beach Energy in the rapid-fire takeover battle for the Perth-based company.

Gina Rinehart’s Hancock Prospecting takes 10 per cent stake in Arafura Rare Earths in $121m raising

Gina Rinehart’s money-making machine Hancock Prospecting is again splashing the cash, this time taking a cornerstone stake in Arafura Rare Earths’ $121 million capital raising. Hancock has emerged with a 10 per cent stake in Arafura, which is advancing its $1.6 billion Nolans Creek project in the North Territory, after tipping $60m into the discounted placement offering.

Rinehart bids for more rare earths via Arafura

Gina Rinehart’s Hancock Prospecting makes most of its money from iron ore, but appears to be diversifying, according to reports. After Arafura Rare Earth last week called for $121 million for its Nolans project in the Northern Territory, Hancock is understood to have committed to investing $60 million. The bid caused brokers Bell Potter and Canaccord Genuity to shut the books early last Friday. The Nolans project marks a major boost for the NT, helping to secure it as one of the world’s only sources of important critical minerals. The minerals mined from the Nolans project can be used to make technological devices like mobile phones, televisions and computer monitors.

Executive Chairman Speech Roy Hill Christmas | Saturday 3 December 2022

Executive Chairman Gina Rinehart, CEO Garry Korte, Roy Hill CFO Greg Hawkins, and Roy Hill partners, enjoying the annual Roy Hill Christmas ball. Held along the banks of the Swan River. The theme, “Arabian nights”.

The Great Ocean Road Beach Volleyfest

Volleyball Patron Mrs. Gina Rinehart AO, and on behalf of the Hancock Prospecting Group, wish all competitors the very best for an exciting tournament.

Rowing Australia’s Awards 2022 | Celebrating Australia’s Champions

2 December 2022.

Gina Rinehart returns fire, gazumping Beach Energy’s revised offer for Warrego Energy inside a day

Gina Rinehart has taken barely seven hours to return fire at Beach Energy, adding a $61 million sweetener to better its rival suitor’s bid for Warrego Energy. In a clear statement of intent, Mrs Rinehart’s Hancock Prospecting did not even wait out the day before announcing an increased offer of 28¢ a share for Warrego, escalating a takeover battle for the Perth Basin gas play that has its shareholders celebrating.

Hancock increases offer for Warrego shares to $0.28

2 December 2022.