Media Release: Government confirmation of Port Hedland port capacity allocation
01 . 02 . 2022
1st February 2022.
Read MoreEllison’s Mineral Resources and Rinehart’s Hancock emerge as big winners in Port Hedland review
01 . 02 . 2022
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
01 . 02 . 2022
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
24 . 01 . 2022
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
24 . 01 . 2022
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
24 . 01 . 2022
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
25 . 12 . 2021
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.”
Read MoreRinehart wakes iron ore’s sleeping giant
24 . 12 . 2021
Gina Rinehart has signed an agreement for the “sleeping giant” of iron ore to be exported over the Roy Hill railway and port infrastructure with first shipment set for 2023. Ms Rinehart committed her company, Hancock, to lead and run the project in a signing ceremony with the joint venture partners this week. Gina Rinehart: “We have an outstanding group of partners, and we believe that now is the right time.”
Read MoreGina Rinehart inks agreement for long-awaited Australian Premium Iron project
24 . 12 . 2021
Under the development agreement, Mrs Rinehart’s Hancock Prospecting will undertake a bankable feasibility study. If given final investment approval by the joint venture partners, Mrs Rinehart’s majority owned Roy Hill will develop and operate the project. “The Hardey project has waited years for the right window to proceed to development,” Mrs Rinehart said in a speech at the venture’s signing ceremony. “We have an outstanding group of partners, and we believe that now is the right time for the Hardey project to be progressed.”
Read MoreRinehart and Ellison in iron ore pact
30 . 11 . 2021
The ASX-listed MRL told shareholders that haulage solutions were key to unlocking stranded assets in the Pilbara and this agreement would provide a cost-effective solution for MRL to develop its Pilbara assets. “We are pleased to have entered into the port and rail agreement with Hancock and Roy Hill. This partnership and infrastructure sharing is the first of its kind in the Australian resources industry and would enable significant value to be unlocked for MRL in a sustainable manner,” said MD Chris Ellison.
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HanRoy is part of Hancock Prospecting
