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Catch up on the latest news and insights from Atlas.
Atlas rides iron ore wave
Hancock Prospecting-owned Atlas Iron is the latest player to reap the benefits of a buoyant iron ore market, posting a $938 million profit for the end of the financial year. Group chair Gina Rinehart said she was immensely proud of her company’s performance but warned industry should be wary of “onerous” government cost burdens. “We just have to remember that Australia exports its ore internationally, so we have to be cost competitive internationally,” Mrs Rinehart said in a statement.
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Gina Rinehart’s Atlas Iron posts near $1bn profit in big year for the billionaire’s iron ore assets
Atlas Iron has delivered billionaire Gina Rinehart almost $1.5bn in profits in only three years, since she beat fellow mining magnates Andrew Forrest and Chris Ellison to acquire the junior miner for $427m. The Pilbara iron ore miner’s net profit soared by 146 per cent to $938m for the 2021 financial year thanks to soaring commodity prices and increasing production, financial results lodged with the corporate regulator on Tuesday revealed.“ Australia exports its ore internationally, so we have to be cost competitive internationally, hence we should be wary of onerous government cost burdens that don’t encourage investment. It’s time we put greater priority on reducing government tape, and our government in turn, put greater priority on that welcoming investment,” she said.
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Gina Rinehart renews red tape warning for new mining projects as Atlas Iron profit skyrockets
“The importance of mining to Australia has never been more evident than during the 2020/21 financial year, a time in which I am immensely proud of Atlas and our people and their contribution to safeguarding the economic prosperity of West Australia and Australia,” Ms Rinehart said. “The mining industries and the businesses they support help to support millions of Australians right across the country. “When mining does well, so does Australia. We just have to remember that Australia exports its ore internationally, so we have to be cost competitive internationally, hence we should be wary of onerous government cost burdens, that don’t encourage investment.
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Mining magnate Gina Rinehart looks to expand iron ore empire into WA’s Goldfields region
Mining magnate Gina Rinehart has struck a deal to buy into an iron ore project in WA's northern Goldfields, further expanding her iron ore empire which includes the Roy Hill mine in the Pilbara. Hawthorn Resources managing director Mark Kerr described it as a "transformational deal" for the company. "Hawthorn is delighted to see Hancock join us to expedite development of our top-quality iron ore project," Mr Kerr said in a statement.
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Mining magnate Gina Rinehart backs changes to age pension system to keep older workers on the job
“Hancock recognises the shortage of staff Australia-wide disrupts many projects and delays supplies,” Mrs Rinehart said. “We are a supporter of the Government changing its policy where pension arrangements are concerned, so that pensioners can work should they so choose, without onerous tax resulting from their decision to work. “Hancock is a very patriotic company that supports investment in Australia, primary industries and jobs in WA and Australia. When mining does well, Australia does well.”
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Announcement | Hancock earn-in with Mt Bevan magnetite project
Hancock Magnetite Pty Ltd (HMPL), a wholly owned subsidiary of Hancock Prospecting Pty Ltd (Hancock), is pleased to confirm that it has entered into an exclusive agreement to earn-in to the Mt Bevan Project.
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Atlas Iron pursues Sanjiv expansion
Hancock Prospecting’s Atlas Iron is progressing plans to expand its Sanjiv Ridge iron ore project, with the EPA reviewing the development of a satellite mine to boost production.
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A Fortunate Life: Tad Watroba
Tad Watroba describes himself as ‘the most fortunate mining engineer there is’. After more than 45 years in the business, his drive and passion are as fierce today as when he began his first job down a mine after graduating in 1973 from Krakow’s AGH University of Science and Technology, then known as the University of Mining and Metallurgy.
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Atlas Iron awards unprecedented contract for Indigenous business
“We are so delighted to be sharing this vision with the Nyamal people, specifically via EWP which is the culmination of a long held desire from Troy’s grandfather to access economic benefits for his people. “We understand it is the first partnership between a company like ours and a Traditional Owner business, to conduct mining services on their own lands.”
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Atlas Iron prepares for Miralga Creek step change
ATLAS Iron is readying itself to start processing from the Miralga Creek iron ore project in Western Australia’s Pilbara. Miralga Creek is a five-pit extension of the Abydos mine and will add about 9.7 million tonnes of hematite production, per annum, over the next four years.
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Aussie beach volleyballers win first Olympic medal in 21 years
“But the philanthropic support of Gina Rinehart is something very special. Not only has Gina’s support been integral to helping Mariafe and Taliqua reach success, it underpins our whole beach volleyball program.” “Thank you Mrs R, you’re a massive part of our team’s achievements”.
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Atlas Iron hires Primero for Miralga Creek
Atlas Iron has awarded Primero a four-year crushing services contract for the Miralga Creek iron ore project in Western Australia. The contract includes crushing services for two million tonnes per annum with services to commence in early 2022.
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Team Australia should start rowing together towards 2032 Games
Rinehart sees the opportunity to support young Australians who demonstrate the qualities of hard work, resilience and teamwork and who aspire to be the best in the world. And in business, just as in sport, Australia needs to be competitive with the best in the world. Rinehart’s support goes straight to the athletes and is transformational: it pays for rent, petrol and food. It allows them to focus on being the best they can be.
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2021 | John Laws commentary regarding current Olympics | 2SM
The John Laws Show July 29, 2021.
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Rinehart’s hand in Games gold
It’s hard to miss her influence, too, with her ads for Roy Hill and Atlas, and featuring none other than singer-turned-Olympic hopeful Cody Simpson and Olympic great Dawn Fraser, running prominently during prime time on both Games broadcaster the Seven Network and Sky News.
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