Latest News
Catch up on the latest news and insights from Atlas.
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.
Read more
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.
Read more
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.
Read more
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
Read more
Media Release: AOC and Hancock Prospecting in change-making partnership
Friday January 28, 2022.
Read more
Happy Australia Day from all the team at Atlas Iron
Wishing you a safe and happy Australia Day 2022.
Read more
The powerful iron ore miners in McGowan’s corner
Gina Rinehart, now reaping the rewards of her Roy Hill mine, and Chris Ellison from Mineral Resourcesboth strongly pushed for the state’s continued isolation but Rio Tinto and BHP are also believed to have been quietly supportive when consulted by the Premier earlier this month. Given the variant has still been able to sneak behind the highest and toughest walls that Fortress WA could throw up, omicron may soon render Mark McGowan’s decision irrelevant. Even the state Department of Mines, Industry Regulation and Safety was closed Monday due to an outbreak. But support from most leaders of the state’s key industry – and its chief source of lucrative royalties – gave McGowan greater confidence to abruptly concede the warnings of WA health bureaucrats that the state’s health system was not ready for omicron.
Read more
How COVID-19 could ‘incapacitate’ WA FIFO camps after February 5
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.
Read more
Iron ore was a game of two halves in 2021. There’s reason for both pessimism and optimism in 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.
Read more
Prospect Awards finalists exhibit mining’s best
Finalists in 2021 include Atlas Iron, iCutter Industries and Sandvik. Atlas Iron attracted plenty of attention for its record-breaking contract to Indigenous business East-West Pilbara (EWP) for load and haul, and drill and blast services for the new Miralga Creek mine in Western Australia. The Hancock Prospecting subsidiary saw EWP as the best choice for the job as it is directly connected to the Traditional Owners of the land on which Miralga Creek will operate, the Nyamal people.
Read more
University of Melbourne and Hancock Prospecting team up to advance carbon conversion technology
Hancock Prospecting Chief Executive Officer Garry Korte said the potential benefits of Carbelec should be significant and far-reaching, noting that steel makers could continue to benefit from the reliable and consistent supply of Pilbara ores, while also achieving their decarbonisation goals with both current and emerging steel technologies. “Hancock Prospecting’s pioneering spirit is backed by a strong history of successfully partnering in innovative solutions to meet the needs of customers. We believe Carbelec can be an important part of a future low-cost energy mix, allowing industries such as steel, cement and even current day baseload power generators to continue to lift the living standards of people in Australia and worldwide.”
Read more
University of Melbourne and Hancock Prospecting team up to advance carbon conversion technology
Media Release 14 December 2021.
Read more
Roy Hill and Atlas Iron long serving staff recognition: Dinner under Stars
Speech by Executive Chairman Mrs. Gina Rinehart, Thursday 2 December 2021.
Read more
MinRes, Hancock strike infrastructure deal
MINERAL Resources has locked in port and rail agreement with Hancock Prospecting, ensuring it can export iron ore from its assets in Western Australia’s Pilbara that were once considered stranded. MinRes and Hancock announced the agreement on November 29, which will involve the development of an iron ore export hub at the Port Hedland Standley Point Berth 3, in South West Creek. "Our long-stated strategy is to transform from short-life, high-cost mines to lower-cost, longer-life operations underpinned by innovative infrastructure solutions."
Read more
MinRes and Hancock team up in the Pilbara
While co-operation among Pilbara iron ore miners is rare, MinRes has an existing relationship with Hancock via its mining services division. "We look forward to working with Hancock, Roy Hill, PPA and the state government to progress this project which would help unlock stranded assets in the Pilbara and would create thousands of jobs for West Australians for years to come," Ellison said.
Read more
MinRes, Roy Hill, Hancock have big port plans
Ellison said yesterday the agreement with Hancock and Roy Hill was the first of its kind in the Australian resources industry. "Our long-stated strategy is to transition from short-life, high-cost mines to lower-cost, longlife operations underpinned by innovative infrastructure solutions," he said.
Read more