Latest News
Catch up on the latest news and insights from Atlas.
Rinehart reloads in iron ore with sights set on 100m tonnes
Gina Rinehart has unveiled a major shake up in the running of Hancock Prospecting’s core iron ore businesses as it targets a boost in production to 100 million tonnes a year. The leadership re-set at Australia’s most successful private company comes as it looks to lift production at the ...
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Gina Rinehart’s big move to restructure leadership at Hancock Prospecting to grow Pilbara iron ore interests
Gina Rinehart has moved to shake up the leadership team behind her money-spinning iron ore interests in the Pilbara. Mrs Rinehart’s Hancock Prospecting will reportedly install a single boss to oversee both her Roy Hill and Atlas Iron interests, with current Roy Hill chief executive Gerhard Veldsman to become ...
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Rinehart shakes up Hancock Prospecting’s iron ore leadership
The leadership reset at Australia’s most successful private company comes as it looks to lift production at the flagship Roy Hill mine, add new mines to the Atlas Iron operations and build export facilities at Port Hedland under a partnership agreement with Chris Ellison’s Mineral Resources. The changes ...
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Rinehart reaps $2.3b dividend from Roy Hill
Gina Rinehart’s flagship mining company Roy Hill Holdings will add another $2.31 billion to what is already Australia’s biggest fortune despite weaker iron ore prices impacting her flagship iron ore mine. Atlas Iron delivered a $225 million maiden dividend to Hancock Prospecting, the first since Mrs Rinehart prevailed in a ...
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Hancock warns of IR troubles
Gina Rinehart’s Hancock Prospecting says billions of dollars in future royalty and tax revenue for the WA economy would be in jeopardy if multi-employer bargaining codes are forced onto the mining sector. Hancock Prospecting chief executive Garry Korte said a six-week period of strike action at Port Hedland would ...
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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 ...
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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. ...
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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.
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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 ...
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Business community warns Labor’s IR laws will result in 1970s-style strikes and job chaos
“Businesses will carry a much heavier regulatory burden which inevitably leads to less productive workplaces. It is not a long term recipe for wage growth, it is the opposite.” WA’s mining giants including Gina Rinehart’s Hancock Prospecting and Rio Tinto have been among the most vocal critics, saying ...
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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 ...
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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 ...
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Rio Tinto: Albo’s plan a handbrake on wages & economy
The Federal Government wants to pass legislation for the overhaul, including controversial measures increasing access to multi-employer bargaining, through the Parliament before Christmas. Mr Trott's comments come a day after Gina Rinehart's Hancock Prospecting warned forcing multi-employer bargaining on to the mining sector would jeopardise billions of dollars in future ...
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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 ...
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