Gina Rinehart’s Hancock Prospecting seals lithium earn-in deal with Legacy Iron Ore and Hawthorn Resources
Gina Rinehart’s Hancock Prospecting has revealed the terms of a joint venture earn-in deal that will see it partner with Indian miner NMDC to look for lithium and other critical minerals in WA’s Central Yilgarn. Under the terms of the deal, Hancock will spend up to $26 million to earn a 51 per cent stake in a new exploration joint venture at Mt Bevan, 250km north of Kalgoorlie, from Hawthorn Resources and the NMDC-backed Legacy Iron Ore. The Hancock deal — flagged by thewest.com.au on Wednesday — comes just two weeks after Mrs Rinehart met privately with Indian Prime Minister Narendra Modi during his Australian visit.
Read MoreRinehart inks deal to supply India with lithium
Gina Rinehart is a step closer to owning her first lithium mine after striking a deal that could see her emerge with a majority share in operations targeted at supplying India, where she has a strong relationship with prime minister Narendra Modi. Mrs Rinehart’s Hancock Prospecting will pay up to $36 million for a potential 51 per cent in the Mt Bevan project located in a part of Western Australia emerging as a lithium hotspot. Under the deal, signed by Hancock chief executive of group projects Sanjiv Manchanda in Hyderabad, most of any lithium produced at Mt Bevan will be shipped to India as it looks to boost its critical minerals supply chain.
Read MoreLithium Pursuit
Hancock in India deal as Japan also taps WA Gina Rinehart’s Hancock Prospecting is readying for a drilling blitz over WA’s Yilgarn minerals belt as part of a new lithium venture with India. The exploration partnership with Indian group NMDC is set to be finalised on Thursday in the miner’s home city of Hyderabad just two weeks after Mrs Rinehart met privately with Indian Prime Minister Narendra Modi during his Australian visit, pictured.
Read MoreSKY NEWS PERTH | Congratulations Mrs Rinehart, West Australian of the Year | 2023
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Read MoreHealth concern sees Gina Rinehart cover her face during awards speech after she was crowned Western Australian of the year
Billionaire Gina Rinehart has issued a life-saving reminder to Australians about the need to protect themselves from the sun.Mrs Rinehart, 69, had left hospital just hours before after undergoing a minor surgery recently to remove a melanoma from her face and partially covered her bruised face behind a large white fan. 'I should probably remind you all, please do the sun cream, do the hats and do the check-ups, please, which I didn't do,' she said.Mrs Rinehart accepted her award from the outgoing WA premier Mark McGowan in what was his last engagement as the state's leader after last week announcing he was stepping down because he was 'exhausted'.
Read MoreMEDIA RELEASE | MCA Congratulates Mrs Gina Rinehart AO
The MCA congratulates Mrs Gina Rinehart AO who was named Western Australian of the Year in Perth last night in recognition of her generous philanthropy and unrivalled corporate success. Mrs Rinehart has made an extraordinary contribution to Western Australia and the rest of the nation via her extensive and very successful business ventures in mining and agriculture, and her significant financial contribution to various causes supporting medical, educational, sporting, health and community organisations. It is a well-deserved honour for Mrs Rinehart who is a passionate advocate of the resources industry and its contribution to Australia.
Read MoreGina Rinehart reaches significant milestone
Gina Rinehart has been announced as this year’s Western Australian of the Year. Rinehart was also awarded the 2023 Business Award. As reported by WA Today, Rinehart used her acceptance speech to reflect on what the company has achieved. “It’s actually a very long way from where my family company was 30 years ago and I’m incredibly proud of what we have achieved in this time for our company and what we’ve been able to contribute to West Australia and our country and our future,” Rinehart said. “We must ensure that our country is not left behind by short-sighted decisions and encourage policies that welcome investment in our wonderful state,” Rinehart said.
Read MoreAerison Group collapses after failing to resolve contract dispute with Roy Hill
A Roy Hill spokesman said the miner had a “long established and ongoing commitment to local businesses”. “Roy Hill notes with disappointment . . . that administrators have been appointed to Western Australian-based engineering design and construction company Aerison,” the spokesman said. “Roy Hill’s relationship with Aerison includes many years of successful service delivery and project outcomes.”
Read MoreRinehart named as 2023 Western Australian of the Year
HANCOCK Prospecting chair Gina Rinehart has been announced as the 2023 Western Australian of the Year. Rinehart was honoured for her contribution to business, as well as her philanthropy, which ranges from support for breast cancer research to sponsorship of Australian Olympians. "We must ensure that our country is not left behind by short-sighted decisions and encourage policies that welcome investment in our wonderful state," Rinehart said when accepting the award.
Read MoreHappy West Australia Day!
Very Happy West Australia day, all fellow West Australians. Gina Rinehart and teams.
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HanRoy is part of Hancock Prospecting
