Latest News
Catch up on the latest news and insights from Atlas.
Legacy Iron Ore (ASX: LCY) and Hawthorn Resources (ASX: HAW)
Legacy Iron Ore and Hawthorn Resources revealed this week that a wholly-owned subsidiary of mining magnate Gina Rinehart’s Hancock Prospecting, Hancock Magnetite Holdings, had earned its 30% stake in the Mt Bevan iron ore project in WA’s Central Yilgarn. The news sent both Legacy and Hawthorn’s share prices ...
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Hancock joins Legacy and Hawthorn in Mt Bevan JV
Legacy Iron Ore (ASX:LCY) and Hawthorn Resources (ASX:HAW) said Hancock Magnetite Holdings has executed the earn-in agreements into the Mt Bevan iron ore project. After the earn-in, Hancock will hold 51%, Legacy will hold 29.4% and Hawthorn will hold 19.6% of the project. Work programs will then be undertaken with the ...
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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 ...
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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 ...
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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 ...
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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 ...
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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.
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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 ...
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30 year Anniversary Celebrations
Mrs Gina Rinehart as Executive Chairman of Hancock Group.
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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, ...
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FIRB gives Senex Energy (ASX:SXY) takeover the green light
Shareholders will vote on the deal in March, with the Senex Board recommending its shareholders to vote in favour of the deal. Each member of the board intends to vote all shares they own in favour of the deal. If successful, the deal is subject to be completed in March ...
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Gina Rinehart, Posco seal Senex Energy deal
Billionaire Gina Rinehart and South Korea’s Posco International have won control of Senex Energy following a shareholder vote with the Queensland gas producer forced to defend the value of the deal amid a rapid surge in oil prices. Hancock first approached Posco about a joint tilt for the gas ...
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Rinehart and Korea’s Posco take over Senex Energy
Senex Energy has ended its 37-year stint on the ASX boards, with a majority of shareholders approving the $900 million takeover of the east coast oil and gas company amid the global turmoil in energy markets.
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Russia’s invasion of Ukraine has exploded our renewables myth
The devastating Russian invasion of Ukraine has captured global attention. While the world’s focus is rightly on the human toll and suffering, the crisis has highlighted the need to end reliance on Russian oil and gas. To achieve that ambition, we must be pragmatic and invest in sensible alternatives, ...
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