Gina Rinehart explains how the Hope Downs tenements were named after her mother.
Video courtesy of ABC News.
Read MoreAt close of business | Business News podcast | Hanroy
Interview with Mark Beyer courtesy of Business News.
Read MoreRinehart gives more to RFDS in WA
WESTERN Australia-based miner Roy Hill has signed a multi-year agreement with the WA branch of the Royal Flying Doctor Service that includes provision for ongoing support, advocacy and promotion plus a cash injection of $150,000. Hancock Prospecting group operations chief executive officer Gerhard Veldsman said Roy Hill provided ongoing opportunities for thousands of people in the Pilbara, building economic prosperity. "Through the strong backing of our executive chairperson Gina Rinehart, we are committed to sharing that prosperity and recognise the significant commitment of rural and regional communities throughout WA, and their right to health care," he said. Rinehart donated $6 million to the RFDS in the early days of the COVID-19 pandemic in April 2020 for critical care equipment and telehealth technology to help rural and remote Australians in New South Wales, Queensland, the Northern Territory and South Australia.
Read MoreHancock integrates project plans
GINA Rinehart’s Hancock Prospecting has been quietly implementing changes this year that will reshape the way it operates. One key development was the acquisition of properties in West Perth so that staff at subsidiaries Roy Hill Holdings and Atlas Iron can be co-located with the parent company. Another key development was the creation of HanRoy, a new entity to coordinate the evaluation of all projects. Led by chief executive group projects Sanjiv Manchanda, HanRoy is currently working on more than half a dozen mining and infrastructure projects. At the same time, Gerhard Veldsman was put in charge of all mining operations, with both men reporting to Hancock chief executive Garry Korte.
Read MoreShane Love: Opposition leader plans to re-write the controversial Aboriginal Cultural Heritage Act
Describing the laws as fundamentally flawed, Mr Love said he believed the new regime risked pushing up the price of land and delaying subdivisions in the midst of a housing crisis, as well as choking small businesses in red tape.
Read MoreAboriginal Cultural Heritage Act: WA Government schedules more workshops amid ongoing confusion
Fourteen more “education workshops” on the Aboriginal Cultural Heritage Act have been scheduled across regional WA as the State Government scrambles to demystify the contentious new laws. It comes after a series of public information sessions were held in June and July as farmers and pastoralists struggled to wrap their heads around the Aboriginal Cultural Heritage Act.The Act, which came into effect on July 1, has drawn widespread criticism from Aboriginal corporations, local governments and the Opposition, as well as the Pastoralists and Graziers Association of WA and WAFarmers.
Read MoreResources Top 5: Rinehart pulls the Mt Bevan farm-in trigger | Legacy Iron Ore (ASX:LCY)
After an extensive 10-month long due diligence process, Gina Rinehart’s Hancock Magnetite Holdings has decided to pour $4 million into LCY’s Mt Bevan JV with Hawthorn Resources (ASX:HAW) to help fund exploration for lithium and other non-iron ore minerals.“The signing of this agreement is a significant step in the development of the Mt Bevan project as it moves further towards commercialisation, LCY CEO Rakesh Gupta said. “We welcome Hancock into the project and look forward to working with them and leveraging their expertise in the area, and the development of this project.” The $108m market-capped junior is up 17% today.
Read MoreRinehart, Rio boost hunt for Lithium
Rio Tinto has expanded its hunt for lithium, buying into one of the hottest exploration regions in Canada, as Gina Rinehart also stepped up in the race for lithium assets on Thursday. Rio this week agreed to buy into a suite of tenements in the James Bay region of Quebec controlled by Canadian-listed Midland Exploration, which already has deals with BHP and Rio elsewhere in the country for base metals tenements.
Read MoreRinehart on the hunt for lithium
Gina Rinehart is expanding into lithium after her company Hancock Prospecting signed a earn-in agreement to explore for the battery metal in Western Australia. The binding earn-in agreement with Legacy Iron Ore and Hawthorn Resources concerns exploration of non-iron minerals at the Mt Bevan project in WA, with a particular focus on lithium. The agreement will see Hancock make an initial spend of $4 million for a 7.5 per cent interest in the project. The company can then fund $22 million of Mt Bevan exploration and development for an additional 43.5 per cent stake.
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HanRoy is part of Hancock Prospecting
