News & media releases
The CEO Magazine announced this Thursday 12 November the winners of their 2020 Executive of the Year Awards [theceomagazine.com] in a special online version of the event, streamed globally.
These Awards, Australia’s most prestigious in business, returned for their ninth year in 2020. Roy Hill and Atlas Iron along with owners Hancock Prospecting, all performed very well at this year’s awards with multiple winners announced. With 2020 being such a challenging year for the world, the Group is incredibly proud to have our people recognised in such a way, demonstrating the resilience and dedication that are synonymous with our teams and company brands. This year the following members of our Group were recognised:
Winner – Chief Operating Officer of the Year
Gerhard Veldsman, Roy Hill
Runner Up – Chief Executive Officer of the Year
Sanjiv Manchanda, Atlas Iron
Winner – Executive Assistant of the Year
Talitha Ramsay, Hancock Prospecting
Across the Hancock Prospecting Group of companies, led by Executive Chairman Gina Rinehart, who was awarded the Lifetime Achievement Award at this event last year, and the only person to win the chairman’s award twice, the approach to our people and their safety and health has been nation leading, demonstrated in the fact that none of the businesses have had a single COVID-19 case. The contribution, Gerhard, Sanjiv, Talitha and all of our people are making to help Australia recover is critical to the future of our country.
Congratulations to all the finalists and winners at this year’s event.
To read more about the performances of Hancock Prospecting and its companies you can read here our results for this latest financial year. To celebrate the contribution that mining is making to the economy, please join us in holding a ‘Mates for Mining’ morning tea as part of 2020 National Mining and Related Industries Day – read here for more information.
Sunday 22 November 2020
Let’s celebrate National Mining And Related Industries Day
Calling all companies across Australia that are operating in mining and its related industries.
Mates for Mining morning or afternoon tea
Bring your teams together for a morning of afternoon tea between Friday 20 November and Sunday 22 November to celebrate the mining and related industry’s massive contribution to Australia’s COVID recovery.
With many of us enduring hardships being away from family for long periods of time, together we are doing the heavy lifting in both keeping the economy going and kickstarting it for future growth. This is something we should collectively be incredibly proud of and celebrate.
Register now to receive your ‘Mates for Mining’ event pack later in November.
Registrations to firstname.lastname@example.org
Hancock Prospecting supports WA with recovery campaign
The Hancock Prospecting Group, in the lead up to National Mining and Related Industries Day and National Agriculture and Related Industries Day, has been actively promoting the important role of primary industries in our great State and Country. Please see examples of two of the adverts running across The West Australian, Sunday Times, Perth Now and the West Online.
Diggers & Dealers 2020: Gina Rinehart breaks new ground again as first woman to claim forum’s highest honour
Article by Josh Chiat courtesy of the West Australian and Kalgoorlie Miner
Australia’s richest person, Gina Rinehart, has made history, becoming the first woman to take out the GJ Stokes Memorial Award at Kalgoorlie-Boulder’s Diggers & Dealers Mining Forum.
Named after late forum founder Geoffrey Stokes, the award honours someone who has made an exceptional lifetime contribution to the mining industry.
And the Hancock Prospecting owner is as big as it gets in the WA resources sector, having been a top tip for the award for years before her crowning at tonight’s gala dinner at the Goldfields Arts Centre.
Now boasting an estimated $21.2 billion fortune, Mrs Rinehart was born in Perth but spent much of her time as a young woman at her parents’ sheep and cattle stations in the Pilbara.
She took over chairmanship of her father Lang Hancock’s company in 1992 after his death, subsequently forming a plan to turn around the financially struggling exploration vehicle.
Mrs Rinehart organised a State agreement to secure the Hope Downs tenements in the Pilbara, forming a joint venture with Rio Tinto in 2005 that took the project into production within two years.
She is the primary owner of the privately owned Roy Hill mine, a 55 million tonne-a-year operation in the Pilbara that employs more than 2000 people.
Her selection was the sole win for the iron ore sector in a year dominated by excitement over record gold prices and booming Australian gold production.
Raleigh Finlayson’s Saracen Mineral Holdings and Bill Beament’s Northern Star Resources shared the Dealer of the Year award for their purchase of Kalgoorlie-Boulder’s Super Pit gold mine.
Having put the mine back in Australian hands for the first time in almost 20 years, the joint venture owners have been the talk of the conference since inking a $16 billion mega-merger last week that will place the Golden Mile into one company’s hands for the first time in its 127-year history.
ASX-listed mid-tier producer Ramelius Resources was named the Digger of the Year after delivering a 420 per cent rise in net profit across its WA gold mines.
Ramelius beat the top end of its guidance by 24 per cent in the June quarter on the way to record financial year production of more than 230,000 ounces of gold.
Pilbara gold explorer De Grey Mining won the Best Emerging Company award. Its shares have soared from 5¢ to $1.34 this year on the back of its Hemi discovery in the Pilbara, catapulting its market capitalisation to $1.7b.
Globetrotting trade media editor Dominic Piper broke the commercial media’s recent hold on the media award, with Australia’s Paydirt and Gold Mining Journal editor from the Paydirt Media stable winning the prize.
Mr Piper was honoured for his 15 years at the Perth-based imprint. During this time, he has travelled throughout Australia, Asia and Africa covering mining and exploration projects across the world.
WA School of Mines mining engineering student Georgia Kerr won the Ray Finlayson Award for Leadership and Academic Excellence.
Congratulations to Executive Chairman Mrs. Gina Rinehart for her outstanding contribution to the mining industry and Australia.
The Hancock Prospecting Group’s Executive Chairman, Mrs Gina Rinehart, has made history becoming the first woman to be awarded the GJ Stokes Memorial Award at the 2020 Diggers & Dealers Mining Forum. This will also see that the Hancock Group has now completed the trifecta of diggers and dealers awards, as Hancock Prospecting collected Dealer of the Year Award in 2007 for Hope downs and collecting the Digger of the Year award in 2019 for Roy hill. After Roy hill achieved the fastest ramp-up to 55 mtpa , after financing achieved, ever achieved in the Pilbara.
The GJ Stokes Memorial Award honours someone who has made an exceptional lifetime contribution to the mining industry – something that Gina Rinehart has done over many years. After taking over the family company in 1992, Gina Rinehart has transformed the company into currently the most successful private company in Australia’s history, and, into one of the most successful private mining companies in the world, ever. This being after years of investment, risk-taking, achieving thousands of gov approvals and permits and licences, and many years of hard work. She continues to lead a company that has a proud history with the Pilbara and the iron ore sector and continues to diversify into key commodities to continue to contribute and support the Group’s future. This contribution includes providing opportunities and jobs to many Australians, and significant royalties and taxes, to help pay for our defence, police, etc, and record debt.
Article courtesy of Proactive Investors
The awards presentation wound up another successful Diggers and Dealers despite COVID-19 restrictions seeing the event moved from August to October and restricting attendance to those from the home state.
Australia’s richest person Gina Rinehart has made history, becoming the first woman to take out the GJ Stokes Memorial Award at Kalgoorlie’s Diggers and Dealers mining forum.
Named after late forum founder Geoffrey Stokes, the award is given to someone who has made an exceptional lifetime contribution to the Australian mining industry.
And the Hancock Prospecting owner is as big as it gets in the WA resources sector, having been a top tip for the award for years before her crowning at Wednesday night’s gala dinner at the Goldfields Arts Centre.
Event overcomes challenges
The award wound up another popular Diggers and Dealers forum which was moved from August to October owing to COVID-19 restrictions. The border restrictions also resulted in the annual event being solely attended by those from Western Australia.
Now boasting an estimated $21.2 billion fortune, Mrs Rinehart was born in Perth but spent a considerable amount of time as a young woman at her parents’ sheep and cattle stations in the Pilbara.
She took over the chair at her father Lang Hancock’s company in 1992 following his death, subsequently forming a plan to turn the financially struggling exploration vehicle around.
Mrs Rinehart organised a state agreement to secure the Hope Downs tenements in the Pilbara, forming a joint venture with mining giant Rio Tinto in 2005 that took the project into production within two years.
She is now the primary owner of the privately-owned Roy Hill mine, a 55 million tonnes per annum operation in the Pilbara that employs more than 2,000 people.
Her selection was the sole win for the iron ore sector in a year dominated by the excitement generated by record gold prices and booming Australian gold production.
Article by Hamish Hastie courtesy of the Sydney Morning Herald
Gina Rinehart, the recent $16 billion Saracen Minerals-Northern Star merger deal, and gold miner Ramelius Resources have been honoured on the final night of the Diggers and Dealers mining conference in Kalgoorlie.
Ms Rinehart, Australia’s richest person and chairman of Hancock Prospecting, was recognised for her contribution to the industry with the GJ Stokes award at the Westrac gala dinner.
It’s the second year in a row Ms Rinehart, daughter of the late iron ore pioneer Lang Hancock, has been recognised at the conference after Hancock Prospecting won the digger award last year.
Judges said Ms Rinehart had turned Hancock from a fledgling operation to one of the largest private companies in Australia and the majority owner of one of Australia’s single largest iron ore mines in Roy Hill.
Despite being announced last week, the Northern Star and Saracen merger remained the hottest topic of discussion at the conference, which is Australia’s biggest mining-specific event, so it was no surprise the two companies took out the coveted dealer of year award.
The companies began working closely together after ending up in a 50/50 joint venture in the famous Kalgoorlie Super Pit.
Saracen purchased its stake in November 2019 from Canada-based Barrick Gold for $US750 million, while Northern Star joined the party in January after purchasing the other 50 per cent from the USA’s Newmont Goldcorp for $US750 million.
Through that project, the two companies found potential for cost savings throughout their entire combined operations.
Northern Star executive director Bill Beament told conference delegates the positives of the deal were so easy to identify it took less than an hour for both parties to reach an agreement.
Shareholders agreed, with Northern Star shares up 17.15 per cent to $16.19 since the October 6 announcement, and Saracen’s up 17 per cent to $6.11.
Ramelius Resources was recognised for its outstanding results over the past year with the digger award. Judges commended the WA gold miner’s 420 per cent increase in net profit after tax over the past financial year.
The media award went to Paydirt media’s Dominic Piper, and the leadership and academic excellence award went to WA School of Mines mining engineering student Georgia Kerr.
WA gold junior De Grey Mining took out the emerging company award.
The awards wrapped up an eventful three days at the conference, which went off without a hitch despite a global pandemic restricting the crowd to mostly WA-based delegates.
Chairman Jim Walker said despite the challenges it had been a successful conference with 2349 people logging on to the presentation live streams from as far afield as Alaska, the UK and Indonesia. Live streams peaked during WA Premier Mark McGowan and the Northern Star-Saracen presentations.
Mr Walker said they conducted 11500 temperature checks of the 1950 delegates, 19 per cent of whom were women.
The gold price, which hit more than $US2000 an ounce in August, was creating a buzz and prompted expectations of more mergers and acquisitions in the sector.
PCF Capital managing director Liam Twigger told reporters it was the best market for commodities and capital since the 1960s.
“You can get the gold price going up, you can raise equity, but what brings that confidence to go and do deals,” he said.
“It’s that animal instinct and I think that is now there as a result of the Northern Star and Saracen deal. It has sparked something and it is the missing ingredient. A lot of capital has come into the market in recent months but the M&A has been quiet, until now.”
China relations cropped up in several presentations and press conferences with most speakers, including Mr McGowan, calling for the federal government to ensure they remained strong for the benefit of the sector.
Nickel miners were buoyed by Tesla founder Elon Musk’s recent call to the sector to produce as much of the metal as they can sustainably and at the right grade.
Miners such as BHP and Western Areas spruiked the long-promised boom in EV sales they said would drive significant growth in the sector.
WA’s hard borders were also a hot topic, with many companies worried it will damage the mining sector’s ability to access skilled labour.
The gender imbalance and skimpy debate also cropped up again, with FMG boss Elizabeth Gaines lamenting the lack of female presenters and that she “didn’t get” the allure of skimpies.
Mr Walker said the 2021 Diggers and Dealers would return to its traditional August spot on the calendar.
Coronavirus updates: Gina Rinehart’s tax cut call to save Aussies as new global COVID hot spots emerge
Article by Zoe Smith courtesy of the Courier Mail
Gina Rinehart has called on the Morrison government to look towards the US to help Australia recover from the economic fall out of the coronavirus pandemic.
The billionaire mining magnate said the Australian government must mirror the Trump administration in rolling out a “practical” solution – to cut government taxes and tape.
“In my view, blind Freddy should be able to see what needs to be done to help Australia economically recover from the COVID pandemic; it’s not rocket science. It’s been practised time and time again successfully. Cut government taxes [and] cut government tape,” Ms Rinehart said during an appearance on Channel 7’s live TV special, Spotlight: Surviving the Crash.
“Don’t just look at Australia, look at what happened successfully in the United States. And how did that happen? President Trump bit the bullet and cut both taxes and tape,” Ms Rinehart said.
“This is what Australia needs to do, not talk about it. This is what Canberra needs to do.”
Rinehart said state capitals needed to also look at cutting payroll taxes in a move to enable the creation of more jobs.
“Why on earth have a tax on employment? It just doesn’t make sense. If you want to have more employment, taxing people for providing employment is obviously not the most sensible thing to do.
“I think there’s too much emphasis here on spending without realising you’ve got a welcome investment first. So you’ve got some revenue so you can spend it. Welcoming investment is critical to our standard of living. It’s critical to any growth in our standard of living.
It’s the one that enables jobs.”
Ms Rinehart also said that the mining industry would “help to lead us out of this COVID economic woe” although she also stated that the industry’s costs are “very high” in Australia.
“You really can’t kill the goose that laid the golden eggs. So just be realistic,” she said.
“Take the hard decisions, provide some leadership, provide some vision and cut tax, cut tape. Please.”