News - Hancock Prospecting PTY LTD

Gina Rinehart eyes magnetite opportunity for Atlas Iron

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.

Gina Rinehart’s Atlas Iron dusts off boom-era magnetite iron ore plans

Gina Rinehart’s Atlas Iron has flagged plans to join the push towards building a magnetite iron ore industry in Australia, dusting off boom-era plans to study the company’s 2 billion tonne Ridley deposit. “While the current environment of skills shortage, long lead times for regulatory approvals and lead times for major equipment make the task of feasibility study challenging, we will ensure that our existing discipline, engagement of stakeholders and cost focus continues with the Ridley project,” he said. Even modest initial output of around 3 million tonnes a year would offer a blending opportunity that could significantly upgrade the value of the output from Atlas existing mines, which have historically produced iron ore grading about 58 per cent.

Atlas Iron gets first ore at Miralga Creek

Hancock Prospecting subsidiary Atlas Iron has announced its Miralga Creek iron ore mine in Western Australia has achieved first ore earlier than expected. “We are pleased to have reached this significant milestone with the first trucks leaving for port,” Atlas Iron chief executive officer Sanjiv Manchanda said. Miralga Creek is expected to produce 8-million tonnes of iron ore over the three-to-four years lifetime of the mine.

FIRST ORE FROM MIRALGA CREEK

Atlas Iron’s Miralga Creek mine has produced its first iron ore, with the project built by a joint venture including Indigenous contractor East West Pilbara. Atlas is part of the Hancock Prospecting business of entrepreneur Gina Rinehart, and operates two other iron ore mines at Mount Weber and Sanjiv Ridge. Atlas chief executive Sanjiv Manchanda said it was a significant milestone. “The EWP contract shows how commercial relationships can provide pathways for joint prosperity as they deliver value for both parties and are linked to a productive enterprise,” he said.

Media Release | Atlas Iron Celebrates First Ore at Miralga Mine

Monday February 28, 2022.

Congratulations Royal Flying Doctor service for again being ranked , Australia’s most reputable charity, for 10th year in a row!

Thank you for your essential service throughout the outback.

Pensioner Reform Policy Briefing & National Seniors Australia let pensioners work campaign | Link

Allowing pensioners to work will boost their retirement incomes and meet crippling labour force shortages – help us make it happen.

Notice – false statements regarding Mrs Gina Rinehart

Mrs Rinehart and Hancock Prospecting Pty Ltd have been made aware today of fake social media posts and associated news stories alleging that Mrs Rinehart has invested $5,000,000 into a start-up crypto currency platform. It claims it can make you rich in 7 days. 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.

Special welcome message to Mrs Gina Rinehart from Beijing Winter Olympic Games

Olympic silver medallist and current world champion snowboard Jarryd Hughes talks to us from the Games and welcomes Mrs Rinehart and the Hancock Group to the Olympic family and thanks for the support to help Australia win GOLD! #olympics #olympics2022

State’s $5b ore inspiring surplus

Unexpectedly resilient iron ore prices have WA on track to double the projected 2021-22 Budget surplus to nearly $5 billion and hand the McGowan Government a second consecutive cash bonanza. That comes after WA banked a record $5.84 billion surplus last financial year – the biggest ever by any State – which also came largely off the back of staggering iron ore prices. Every other State and Territory has pencilled in big deficits for the current financial year, headlined by NSW and Victoria at $19.5 billion each.

Media Release Minerals Council of Australia: Record high for resources export revenue

3rd February 2022.

Rinehart wins precious export space at Australia’s $90b port

Mid-tier iron ore players Mineral Resources and Gina Rinehart’s Hancock Prospecting have been awarded valuable port capacity to export iron from WA’s Pilbara region, with established players also receiving boosts. The world’s largest bulk port at Port Hedland will expand to be able to export 660 million tonnes a year of iron ore after the WA government on Tuesday endorsed a development plan. Mrs Rinehart said she was very excited about obtaining the port capacity. “This will unlock a suite of growth assets, some of which would have otherwise remained stranded assets,” she said.