Latest News
Catch up on the latest news and insights from Atlas.
An Iron Giant: Gina Rinehart
Sailing out across the turquoise waters of Port Hedland harbor aboard the Anangel Explorer, a vessel laden with the first shipment of iron ore from the US$10 billion Roy Hill Mine, is a moment that stands out of many milestones for mining magnate Gina Rinehart, the Executive Chair of Hancock Prospecting.
Read more
Atlas pays inaugural dividend
Hancock Prospecting subsidiary Atlas Iron has paid a maiden dividend of $225 million despite posting a big fall in annual net profit from its iron ore mining operations. Production from the company's Mt Webber, Sanjiv Ridge and newly commissioned Miralga mines increased fractionally to 9.8 million tonnes for the year to June 2022. Chief executive Sanjiv Manchanda said that following a record-breaking profit in the previous financial year, the company was focused on cost control, improving efficiencies and positioning Atlas for the future.
Read more
Atlas Iron’s first dividend delivers Rinehart $225m
Gina Rinehart will pocket a $225 million dividend from her junior Pilbara miner Atlas Iron, despite weaker iron ore prices sending its profits tumbling last year.
Read more
Rinehart’s Atlas Iron keeps up IR attack as it delivers $225m dividend
Gina Rinehart-controlled Atlas Iron has doubled down on her warnings about the Albanese government’s industrial relations changes after delivering its first dividend for the mining billionaire. Atlas Iron chief executive Sanjiv Manchanda said a strike in Western Australia’s iron ore-rich Pilbara region would hurt indigenous communities as well as hit businesses, trade, government income from taxes and royalties.
Read more
Congratulations to the Hancock Group’s Executive Chair Dr. Gina Rinehart AO on her outstanding leadership
This year marks a very special milestone for the Hancock Prospecting Group – a celebration for Mrs. Gina Rinehart ao who has strongly led the Group for 30 years in her role as Executive Chair. During this time, Mrs. Rinehart has led the company to become one of the most successful private mining houses in the world, not to mention the most successful private company in Australia’s history, after taking on the position of Chair when the company was not in a good position.
Read more
WA launches infrastructure-specific initiative
WA launches infrastructure-specific initiative he Western Australian Government has launched the Resources Community Investment Initiative which will facilitate investment in iconic state infrastructure projects and community and social initiatives across WA. The initial commitments total $750 million, with $250 million from Rio Tinto, $250 million from BHP, $100 million from Hancock Prospecting, Roy Hill and Atlas Iron, $50 million from Woodside Energy, $50 million from Chevron Australia and $50 million from Mineral and Resources.
Read more
BILLION DOLLAR BABY
Six of WA's biggest miners Rio Tinto, BHP, Hancock Prospecting, Woodside, Chevron and Mineral Resources were on Tuesday confirmed as the inaugural donors to the Resources Community Investment Initiative. Unveiling the new fund which will be used to pay for major "legacy" projects like the $400m Aboriginal Cultural Centre and the $250m Perth Zoo redevelopment Mr McGowan said he expected it would continue to swell.
Read more
City of Light: Perth in Christmas spirit during Christmas drone show over Elizabeth Quay
“We’re lighting up the City this summer and there’ll be something for everyone to enjoy — see you in our City of Light,” Mr Zempilas said. The City of Light shows are presented by the Hancock Group of companies, including Hancock Prospecting, Roy Hill and Atlas Iron.
Read more
Media Release | City of Perth | Summer nights aglow with City of Light Shows
“Perth is synonymous with light and after the success of the CBD’s first drone show this February, the City of Light shows will honour our new brand and reinforce that no city lights up like Perth,” City of Perth Lord Mayor Zempilas said. The City of Light Shows are proudly presented by the Hancock Group of companies, including Hancock Prospecting, Roy Hill and Atlas Iron. The City will be illuminated over the summer with six special light shows to wow the people of Perth from November to February.
Read more
Gina Rinehart named WA Pinnacle Awards’ Business Leader of the Year
Australian mining billionaire Gina Rinehart has been celebrated for her outstanding leadership journey after being crowned WA Pinnacle Awards’ Business Leader of the Year. Judges on Thursday night acknowledged Mrs Rinehart’s transformation of Hancock Prospecting from a company with significant potential, to a top-tier firm employing thousands of people in WA. She was also recognised for making a positive impact on the wider community, through her contribution in education, medicine and sports, and for contributing to the transformation of the iron ore industry.
Read more
Atlas Iron Recognised at Australian Mining Prospect Awards 2022
Atlas won the Indigenous and Community Engagement Award for it’s awarding it’s joint venture mining contract for the Miralga mine to East West Pilbara (EWP) and Ozland in August 2021. Atlas Iron’s General Manager – Projects, Stacey Brown, was recognised with the Project Lead of the Year Award for the Sanjiv Ridge and Miralga hematite iron ore mines, two mines that celebrated first ore at the height of the Covid pandemic on time and on budget.
Read more
Australia’s ‘nice problem’ from the Ukraine war
“It’s a nice problem to have,” said CommSec chief economist Craig James. “Demand for our commodities is soaring, and our trade surplus remains significant. Dollars are being injected into the economy at a time when the Reserve Bank is trying to slow growth in activity, income and spending. “At the same time, imports are also growing – highlighting an improvement in supply as well as higher prices. Overall, the trade situation is good news.”
Read more
Cult-of-victimhood – Netball Australia vs Gina Rinehart
Those who engage in identity politics and demand that the world bend to their whims due to their supposed victim status, often end up shooting themselves in the foot … Those who define themselves, not by some past injustice, but by their present potential, are best able to grasp opportunities to build a better future.
Read more