Latest News

Catch up on the latest news and insights from Atlas.

Rinehart’s magnetite move

WA mining billionaire Gina Rinehart has pressed the button on a $9 million investment that could result in a multi-billion-dollar magnetite project in the Yilgarn region shipping high-grade iron ore products to India. The company announced on Thursday that its subsidiary Atlas Iron had been appointed as the manager of the joint venture project and would conduct the study. Hancock chief executive Garry Korte said the project offered an excellent opportunity for Hancock and could provide options for additional higher grade, lower impurity iron ore products.

Hancock’s Mt Bevan deal a go

Hancock Prospecting’s plan to earn-in to a slice of a Yilgarn magnetite project is proceeding, with the deal finalised just days after a new trade agreement with India. It will fund a pre-feasibility study, with Atlas Iron - owned by Hancock - to be the manager of the joint venture. Hancock chief executive Garry Korte said the business looked forward to collaborating with joint venture partners on the feasibility study.

Juniors surge after Hancock confirms magnetite joint venture

"This is an excellent opportunity for Hancock and could provide options for additional higher grade, lower impurity iron ore products." "The Mt Bevan project provides the basis to expand the iron ore business with Atlas growing its project capacity and expertise to support these large and complex undertakings," Atlas CEO Sanjiv Manchanda said. "We look forward to collaborating with our joint venture partners as Atlas works on the PFS," Hancock CEO Garry Korte said.

RINEHART’S MAGNETITE MOVE

Mrs Rinehart’s Hancock Prospecting will take a 30 per cent stake in the Mt Bevan magnetite project west of Leonora under an agreement with joint venture partners, the Indian Government-controlled Legacy Iron and junior explorer Hawthorn Resources. Hancock chief executive Garry Korte said the project offered an excellent opportunity for Hancock and could provide options for additional higher grade, lower impurity iron ore products. The company announced on Thursday that its subsidiary Atlas Iron had been appointed as the manager of the joint venture project and would conduct the study.

Ground Breakers: Gold miners strike positive note as March results start to roll out

Gina Rinehart confirms bet on high grade iron ore with magnetite mine buy. Hancock will pay $9m for a 30% interest and can increase that to 51% by fully funding a PFS.

Media Release | Mt Bevan JV Partners Progress Yilgarn Magnetite Project to Pre-Feasibility Study Stage

7 April, 2022.

Media Release | Atlas Iron Celebrates First Ore at Miralga Mine

Monday February 28, 2022.

POSCO, Hancock partner for low-carbon steel materials production

South Korea’s top steelmaker POSCO Co. and Hancock Prospecting Pty Ltd, a leading Australian mining firm, are slated to collaborate in low-carbon steel material manufacturing. The partnership is to build a foundation for a hydrogen-based steelmaking process and carbon neutrality. POSCO is also partnering with Hancock for multiple projects in Australia. The two firms and other partners have embarked on a feasibility study on the Hardey iron ore project in the West Pilbara owned by the Australian Premium Iron (API) joint venture, according to industry sources on March 10.

30 year Anniversary Celebrations

Mrs Gina Rinehart as Executive Chairman of Hancock Group.

Media Release: Hancock welcomes news of approval of bid to acquire Senex Energy

Commenting on the Senex scheme approval Mrs Gina Rinehart AO, Chair of the Hancock Group of Companies said, “I am delighted with the Senex approval which is the largest Hancock investment in the energy sector. We believe that the energy sector, fundamental to maintaining our businesses and standard of living, has an important future given policies have caused the lack of investment in many areas which has already caused energy prices worldwide to rise. Recent events in Europe have served as a stark reminder underlining the criticality of energy security.”

Australian Mining Prospect Awards | Lifetime Achievement Award | Speech by Mrs Gina Rinehart

17th March, 2022.

Gina Rinehart eyes magnetite opportunity for Atlas Iron

WA mining billionaire Gina Rinehart has formally pushed the button on her magnetite iron ore ambitions with Atlas Iron launching a feasibility study on its Ridley project in the Pilbara. Chief executive Sanjiv Manchanda said while the prevailing skills shortage, long lead times for regulatory approvals and lead times for major equipment made the task of feasibility study challenging, Atlas would ensure that its existing discipline, engagement of stakeholders and cost focus continued with Ridley. The move highlights the growing demand and price premiums for higher grade iron ore as the world and particularly China look for greater efficiencies and reduced emissions in the steel-making process.

Gina Rinehart’s Atlas Iron dusts off boom-era magnetite iron ore plans

Gina Rinehart’s Atlas Iron has flagged plans to join the push towards building a magnetite iron ore industry in Australia, dusting off boom-era plans to study the company’s 2 billion tonne Ridley deposit. “While the current environment of skills shortage, long lead times for regulatory approvals and lead times for major equipment make the task of feasibility study challenging, we will ensure that our existing discipline, engagement of stakeholders and cost focus continues with the Ridley project,” he said. Even modest initial output of around 3 million tonnes a year would offer a blending opportunity that could significantly upgrade the value of the output from Atlas existing mines, which have historically produced iron ore grading about 58 per cent.

Atlas Iron gets first ore at Miralga Creek

Hancock Prospecting subsidiary Atlas Iron has announced its Miralga Creek iron ore mine in Western Australia has achieved first ore earlier than expected. “We are pleased to have reached this significant milestone with the first trucks leaving for port,” Atlas Iron chief executive officer Sanjiv Manchanda said. Miralga Creek is expected to produce 8-million tonnes of iron ore over the three-to-four years lifetime of the mine.

First ore from Miralga Creek

Atlas Iron's Miralga Creek mine has produced its first iron ore, with the project built by a joint venture including Indigenous contractor East West Pilbara. Atlas is part of the Hancock Prospecting business of entrepreneur Gina Rinehart, and operates two other iron ore mines at Mount Weber and Sanjiv Ridge. Atlas chief executive Sanjiv Manchanda said it was a significant milestone. "The EWP contract shows how commercial relationships can provide pathways for joint prosperity as they deliver value for both parties and are linked to a productive enterprise," he said.

Congratulations Royal Flying Doctor service for again being ranked , Australia’s most reputable charity, for 10th year in a row!

Thank you for your essential service throughout the outback.

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

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