Atlas gets trucking on magnetite approvals
Atlas Iron is hoping to build a 3 million tonne per annum magnetite project in the Pilbara, with production to be trucked to Utah Point at Port Hedland for export. Hancock Prospecting Group chief executive of projects Sanjiv Manchanda said he was pleased to confirm the Ridley project had commenced formal approval processes. “This involves a major investment which, if economic, could provide a critical input into the long-requested further upgrading of iron ore,” Mr Manchanda said. “This (iron) material is low and needs to be upgraded, or (the resource) will sit in the ground earning no revenue for West Australians, or the state and federal governments."
Read MoreAtlas awards mining contract for McPhee Creek
Iron-ore miner has awarded mining contractor MACA a three-year mining contract at its McPhee Creek project, in the Pilbara. McPhee Creek is located 100 km from the Roy Hill mine, and is expected to produce at a rate of between 9.5-million and 9.7-million tonnes a year. Primary crushed ore from McPhee will be hauled via a road train to Roy Hill for processing and ultimately, shipping.
Read MoreRinehart 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.
Read MoreMedia Release: Government confirmation of Port Hedland port capacity allocation
1st February 2022.
Read MoreEllison’s Mineral Resources and Rinehart’s Hancock emerge as big winners in Port Hedland review
Gina Rinehart’s Hancock Prospecting and Chris Ellison’s Mineral Resources have emerged as big winners from a government initiated review of iron ore export capacity at Port Hedland.In a joint statement, Hancock and MinRes described the joint development of the new Stanley Point Berth 3 and the sharing of infrastructure as the first of its kind in Australia.In a joint statement, Hancock and MinRes described the joint development of the new Stanley Point Berth 3 and the sharing of infrastructure as the first of its kind in Australia.
Read MoreGina Rinehart, Mineral Resources are winners in Port Hedland expansion
Mineral Resources and Gina Rinehart’s Hancock Prospecting have won the battle for the right to build a new shipping berth at Port Hedland, as Western Australia flags a huge expansion of the world’s biggest iron ore port that could add more than $20bn to iron ore export earnings a year.Mrs Rinehart said on Tuesday she was “delighted” by the state government’s decision. “This will unlock a suite of growth assets, some of which would have otherwise remained stranded assets, to bring more jobs, revenue and opportunities to West Australians,” she said.
Read MoreMonsters of Rock: Gina Rinehart preps 20Mtpa Mulga Downs mine for development, and a sudden resignation in coal country
Rinehart’s interests, largely driven by Roy Hill and her other iron ore investments delivered Hancock Prospecting a monster $7.3 billion profit in FY21 after iron ore prices scaled record highs. Mulga Downs is the latest in a string of mid-tier Pilbara iron ore proposals to emerge or reemerge in recent times, which notably include expansions at Hancock’s own Atlas Iron, the APIJV and MinRes’ (ASX:MIN) 30Mtpa Ashburton hub in the West Pilbara.
Read MoreRinehart plans new mine on family station
GINA Rinehart is set to add a new Pilbara iron ore mine to the portfolio of Hancock Prospecting, the first stand-alone iron ore operation to be built solely by the family mining company.
Read MoreRinehart seeks EPA approval for Mulga Downs mine
Mining magnate Gina Rinehart’s Hancock Prospecting has filed for environmental approval for a 20 million tonne per annum (mtpa) iron ore mine on her family’s Mulga Downs station in the Pilbara. The proposed area is located within an area of existing pastoral and mining land use with transport of the ore proposed via the Great Northern Highway to Port Hedland for export. According to the proposal filed with the Western Australian Environmental Protection Authority (EPA), facilities will be developed to support production of up to 20 million tonnes of ore per annum (Mtpa) over a minimum 30-year period.
Read MoreGround Breakers: Iron ore tops US$126/t as Gina Rinehart signs deal to develop stranded iron ore mines
Rinehart and her company Hancock Prospecting signed a development agreement this week to lead a bankable feasibility study on the Hardey project in the West Pilbara owned by the API Joint Venture. “The Hardey project has waited years for the right window to proceed to development,” she said. “We have an outstanding group of partners, and we believe that now is the right time for the Hardey project to be progressed.”
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HanRoy is part of Hancock Prospecting
