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Hancock Prospecting

Hancock Prospecting is an Australian private mining and pastoral company headquartered in Perth, Western Australia. The company is one of Australia's largest private enterprises and a major iron-ore producer, with operations concentrated in the Pilbara region of Western Australia. Hancock Prospecting is wholly owned by executive chairperson Gina Rinehart, who inherited the business from her father, Lang Hancock, a prospector who discovered vast iron-ore deposits in the Pilbara in the 1950s. The company's core business centres on iron-ore mining, with significant holdings in the Hope Downs and Roy Hill projects, the latter being one of the world's largest single-pit iron-ore mines. Roy Hill, which commenced production in 2015, has an annual capacity exceeding 55-million tonnes and includes dedicated rail and port infrastructure at Port Hedland. Beyond iron ore, Hancock Prospecting holds interests in coal, copper, gold and agricultural properties across Australia. The company also maintains strategic investments in other mining ventures and has expanded internationally, including stakes in projects in Africa and North America. Hancock Prospecting's revenue and asset base place it among Australia's wealthiest private companies, with Rinehart frequently ranked as the country's richest individual. The business was founded by Lang Hancock in 1955 and has remained family-controlled through successive generations, maintaining a low public profile despite its substantial economic footprint.

Hancock Prospecting News


Iron-ore mineralisation
Arrow Minerals targets 400% landholding expansion in iron-ore-rich Pilbara
Updated 2 hours 36 minutes ago By: Marleny Arnoldi

ASX-listed Arrow Minerals' Pilbara iron-ore landholding is poised to grow by more than 400% to 1 600 km2. The company's latest target comprises the Turee Creek iron-ore project, with 12 new... 


Rio Tinto iron-ore mine
China's CMRG tells some steel mills to halt talks with Rio Tinto for shipments from September, sources say
6th August 2026 By: Reuters

China's State-owned iron-ore buyer has directed some steel mills to halt negotiations with Rio Tinto for shipments from September, two sources said, escalating pressure on the world's top iron-ore... 


A BHP freight train at Port Headland
BHP faces weekend strike at Port Hedland iron-ore hub as wage talks drag
4th August 2026 By: Reuters

A two-day strike will go ahead at BHP's Port Hedland operations in Western Australia this weekend despite progress in talks on Tuesday between unions and the global miner, a union spokesperson... 


Port Hedland
BHP iron-ore workers threaten first strike in decades at Port Hedland
8th July 2026 By: Reuters

Hundreds of workers at BHP's Port Hedland iron-ore operations in Western Australia could walk off the job next week, in what would mark the biggest industrial action there in decades, potentially... 


Nolans project
Arafura to raise A$375m and settle equity component for Nolans build
22nd May 2026 By: Marleny Arnoldi

Following a positive final investment decision to proceed with the $1.6-billion Nolans rare earth project in Australia, ASX-listed Arafura Rare Earths has launched a A$350-million institutional... 


Nolans project
Australia's Arafura approves $1.6 billion rare earths project
21st May 2026 By: Reuters

Arafura Rare Earths said on Thursday it had approved the development of its $1.6-billion Nolans project in Australia's Northern Territory, which is set to be the country's third-biggest rare earths... 


BHP's Jimblebar operation
BHP adopts new Chinese iron-ore price index in deal to end dispute, sources say
23rd April 2026 By: Reuters

BHP Group agreed to use an additional Chinese iron ore price index for one of its flagship products as part of a deal with China to end a months-long dispute, three sources with knowledge of the... 


Gina Rinehart
Billionaire Gina Rinehart partly loses iron-ore legal battle
15th April 2026 By: Bloomberg

Hancock Prospecting, the private company of billionaire Gina Rinehart, has partly lost a decade-long legal battle with Wright Prospecting over royalties, but will retain ownership of a major... 


LG Energy selling its 7.5% stake in lithium firm Liontown, term sheet shows
LG Energy selling its 7.5% stake in lithium firm Liontown, term sheet shows
25th February 2026 By: Reuters

outh Korea's LG Energy Solution is selling its 7.5% stake, or shares worth at least A$419-million, in Australian lithium producer Liontown in a block trade, according to a term sheet. The South... 


Port Hedland resumes operations after tropical cyclone Mitchell
Port Hedland resumes operations after tropical cyclone Mitchell
9th February 2026 By: Mariaan Webb

Western Australia's Port Hedland, the world's largest iron-ore export hub, resumed operations at noon on Sunday after being cleared on Friday as tropical cyclone Mitchell developed off the coast of... 


Hancock Prospecting executive chairperson Gina Rinehart
Australia's mining competitiveness at risk from excessive regulation, says Rinehart
10th December 2025 By: Reuters

Mining tycoon Gina Rinehart said on Wednesday the burden of excessive regulation on the Australian mining industry had put its global competitiveness at risk. Rinehart is executive chairman of... 


Victoria bolsters critical minerals push with Sunday Creek exploration tunnel approval
28th November 2025 By: Mariaan Webb

Victoria’s push to strengthen its position in Australia’s critical minerals landscape has taken a step forward, with the state government approving Southern Cross Gold’s Work Plan for an... 


Lithium stockpile at Geraldton – Kathleen Valley
Kathleen Valley lithium/tantalum project, Australia – update
28th November 2025 By: Sheila Barradas

Liontown Resources' first online auction for spodumene concentrate from its flagship Kathleen Valley project has fetched a price far above prevailing spot levels. 


China lifts partial ban on iron-ore buys from Australia's Hancock, sources say
30th October 2025 By: Reuters

China's state buyer has allowed its steel mills to resume buying a type of iron-ore from Australia's Hancock Prospecting after barring such sales during a year-plus negotiation dispute, three... 


Gina Rinehart
Rinehart doubles stake in Arafura Rare Earths
29th October 2025 By: Reuters

Australia's richest person Gina Rinehart has doubled down on her holdings in Australia's Arafura Rare Earths, even as shares of the developer fell by more than a fifth of its value on Wednesday due... 


Australian mining magnet Gina Rinehart
Saudi Arabia lures Macquarie, Rinehart in courtship of Australia
22nd October 2025 By: Bloomberg

Saudi Arabia is ramping up efforts to deepen ties with Australia — a country with which it has traditionally done limited business — as the kingdom seeks to capitalise on fresh momentum from deals... 


St George's raises cash for Brazil project, Rinehart's Hancock invests more
13th October 2025 By: Mariaan Webb

Rare earths developer St George Mining on Monday announced a A$72.5-million equity raise, including a strategic investment by Gina Rinehart’s Hancock Prospecting, to advance the Araxá rare earth... 


Image of bucket reclaimer
Hope Downs 2 iron-ore project, Australia
5th September 2025 By: Sheila Barradas

The project aims to develop Rio Tinto and Hancock Prospecting’s Hope Downs 2 and Bedded Hilltop deposits in Australia's Pilbara region. 


Lithium stockpile at the Kathleen Valley project
Kathleen Valley lithium/tantalum project, Australia – update
15th August 2025 By: Sheila Barradas

The Australian government will invest A$50-million in Liontown Resources to help ramp up operations and transition to underground mining to boost domestic minerals supply. 


Arafura Rare Earths eyes $100m in export agency funding, source says
Arafura Rare Earths eyes $100m in export agency funding, source says
12th August 2025 By: Reuters

Arafura Rare Earths has received a letter of interest from Australia's export finance agency about potential funding for its Nolans project in the Northern Territory, which a source said would... 


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pqt: 0.028s - ct: 0.065s - 105pq - 2rq
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