News

Special welcome message to Mrs Gina Rinehart from Beijing Winter Olympic Games

09.02.2022

Olympic silver medallist and current world champion snowboard Jarryd Hughes talks to us from the Games and welcomes Mrs Rinehart and the Hancock Group to the Olympic family and thanks for the support to help Australia win GOLD! #olympics #olympics2022

State’s $5b ore inspiring surplus

05.02.2022

Unexpectedly resilient iron ore prices have WA on track to double the projected 2021-22 Budget surplus to nearly $5 billion and hand the McGowan Government a second consecutive cash bonanza. That comes after WA banked a record $5.84 billion surplus last financial year - the biggest ever by any State - which also came largely off the back of staggering iron ore prices. Every other State and Territory has pencilled in big deficits for the current financial year, headlined by NSW and Victoria at $19.5 billion each.

Media Release Minerals Council of Australia: Record high for resources export revenue

04.02.2022

3rd February 2022.

Rinehart wins precious export space at Australia’s $90b port

03.02.2022

Mid-tier iron ore players Mineral Resources and Gina Rinehart's Hancock Prospecting have been awarded valuable port capacity to export iron from WA's Pilbara region, with established players also receiving boosts. The world's largest bulk port at Port Hedland will expand to be able to export 660 million tonnes a year of iron ore after the WA government on Tuesday endorsed a development plan. Mrs Rinehart said she was very excited about obtaining the port capacity. "This will unlock a suite of growth assets, some of which would have otherwise remained stranded assets," she said.

MinRes-Hancock JV win right to build new port

02.02.2022

MinRes managing director Chris Ellison described the announcement as a key milestone in its strategy to unlock stranded deposits. "We look forward to working with the state government, the Pilbara Ports Authority, our valued partner Hancock and Roy Hill to progress this project," he said. Hancock chair Gina Rinehart described the news as "very exciting". "We are uniquely placed to fast track the delivery of critical port infrastructure by leveraging off and integrating with existing facilities and tenure," she said. "This will unlock a suite of growth assets, some of which would have otherwise remained stranded assets, to bring jobs, revenue and opportunities for West Australians."

Port Hedland plan set to maximise mining exports

02.02.2022

Hancock Prospecting Group executive chairman Gina Rinehart said she looks forward to continuing to work alongside MRL, the State Government and PPA to advance the project as soon as possible. “We are uniquely placed to fast track the delivery of this critical port infrastructure by leveraging off and integrating with existing facilities and tenure,” she said. “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. “We are delighted that the WA Government and Minister for Ports Rita Saffioti have provided their support to this important development, and would like to warmly congratulate all involved.”

Deal targets 700mtpa for Port Hedland

01.02.2022

This afternoon, the state government unveiled the long-awaited port capacity plan for Port Hedland, with total capacity rising to nearly 700 million tonnes per year, including 660mt for iron ore exports. Hancock Prospecting executive chairman Gina Rinehart said today’s confirmation of additional port capacity at South West Creek was the product of tireless work to expand capacity at the revenue earning port. She said the decision promised to unlock a suite of growth assets, some of which would have otherwise been stranded, to bring more jobs, revenue and opportunities to WA. Mineral Resources managing director Chris Ellison echoed her sentiments and said the development would allow the company to develop pit-to-port solutions and expand its ability to be a long-term, low-cost supplier of iron ore to international markets.

Gina 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.

Iron ore miners win export boost

01.02.2022

Australia’s most lucrative export industry will be able to dramatically increase shipments of iron ore after a long-awaited review of Port Hedland found its potential was 41 per cent higher than its officially licensed export capacity.Gina Rinehart’s Roy Hill, Andrew Forrest’s Fortescue Metals and BHP Group have emerged as winners from the Western Australian government review, with those three exporters told their port allocations were likely to be increased by 25 per cent when the plans are finalised later this year.

Ellison’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.