News

Media Release: Government confirmation of Port Hedland port capacity allocation

01.02.2022

1st February 2022.

Tattarang surges to hit $5bn revenue

31.01.2022

Hancock had net assets of $20.4 billion at June 30 while its gearing ratio (debt to equity) has been cut from 55 per cent to 1 per cent over the past three years. That gives it enormous capacity to pursue expansion. This would include a rail spur linking to the Roy Hill railway, which carries nearly 60mtpa to Port Hedland. Hancock’s wholly owned subsidiary, Atlas Iron, is also focused on growth, with its 10mtpa McPhee Creek project progressing through a feasibility study.

Media Release: AOC and Hancock Prospecting in change-making partnership

28.01.2022

Friday January 28, 2022.

Happy Australia Day from all the team at Roy Hill

25.01.2022

Wishing you a safe and happy Australia Day 2022.

How COVID-19 could ‘incapacitate’ WA FIFO camps after February 5

15.01.2022

Miners could face the end of two years of prosperity where they remained almost untouched by COVID-19 within Premier Mark McGowan’s fortress WA when the state opens up in three weeks. Curtin University infectious disease expert Archie Clements likened WA’s isolated mining fly-in fly-out camps to islands that were “very vulnerable places during pandemics.” “They are good at keeping infection out, but if the infection gets in it tends to sweep through the entire population and incapacitate them,” he said.

Rio latest on electric train

11.01.2022

Rio Tinto has joined fellow Pilbara miners Fortescue Metals Group and Roy Hill Holdings in acquiring battery-electric locomotives as part of plans to curb carbon emissions. The miner announced today it had acquired four FLXdrive locomotives from New York Stock Exchange-listed Wabtec Corporation. It's the same company Gina Rinehart's Roy Hill acquired a locomotive from In September 2021, considered a first for the industry.

Iron ore export figures stay strong for PPA

11.01.2022

Last year, Mineral Resources (MinRes) partnered with Hancock Prospecting and Roy Hill to investigate the development of a new iron ore export facility in Port Hedland, Western Australia. Stanley Point Berth 3 in South West Creek is shaping as a viable option for the major iron producers to expand their export capacities. The agreement would see Roy Hill provide services to MinRes and Hancock to develop and operate the facility, including rail haulage and port services. MinRes managing director Chris Ellison said collaboration of this kind would shape the future of Australia’s mining industry.

Rinehart progresses Hardey iron ore

08.01.2022

“I am particularly delighted that Hancock is joining forces with Boawu, the largest steelmaker in the world,” Hancock executive chairman Gina Rinehart said. “Whilst Hancock already has a long-standing successful partnership with POSCO through our Roy Hill mega project, and a great relationship with Chinese companies who helped us deliver the outstanding Roy project, we look forward to enjoying the same successes as we work with Boawu and our friends at AMCI through the studies, development and operations of the Hardey project.”

Iron ore was a game of two halves in 2021. There’s reason for both pessimism and optimism in 2022

05.01.2022

If ever there was a game of two halves it was iron ore in 2021. The first half of the year was something we’ve never seen before and may never see againProfits and dividends went through the roof. Australia’s biggest five iron ore miners — BHP (ASX:BHP), Rio Tinto (ASX:RIO), Fortescue Metals Group (ASX:FMG), Roy Hill and Mineral Resources (ASX:MIN) paid out $59.5 billion for the year to June 30. Gina Rinehart, Australia’s richest person, banked $3.92 billion from Roy Hill alone, after the 60Mtpa miner delivered $5.6b to shareholders. Hancock Prospecting’s Atlas Iron business, on death’s door as a listed entity a few years ago, raked in more than $900 million profit as Hancock declared a $7.3 billion profit — a record for a private company and larger than three of the four big banks.

Ground 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.”