Hancock Prospecting

A Perth Basin gas project jointly owned by Gina Rinehart’s Hancock Energy and John Poynton-chaired Strike Energy has been granted a key state approval.

Shares in West Perth-based gold producer Catalyst Metals closed trade up 23 per cent on Wednesday to $1.41, following news it produced 110,000 ounces of gold during the 2024 financial year.

Gina Rinehart’s Hancock Prospecting and its joint venture partners have put a $5 billion price tag on developing a major magnetite mine in the Yilgarn.

A joint venture between Gina Rinehart’s Hancock Energy and John Poynton-chaired Strike Energy has been granted a gas production licence at the West Erregulla project in the Perth Basin.

ASX-listed partners in an iron ore joint venture 51 per cent owned by Gina Rinehart’s Hancock Prospecting have retracted production forecasts.

Founding Azure Minerals managing director and chief executive Tony Rovira has stepped down from the company, following this year’s acquisition by Hancock Prospecting and SQM.

Gina Rinehart wants an Israel-style iron dome protecting the Pilbara’s multi-billion-dollar resources assets from foreign attacks.

Hancock Prospecting chief executive of operations Gerhard Veldsman has warned of the dangers of resources policy pitfalls, in the context of the company’s magnetite ambitions.

Perth Basin producer Strike Energy has made two new discoveries during drilling at its Erregulla Deep-1 well, intercepting gas at depths never previously encountered in the region.

An unsealed road passing by Wittenoom’s asbestos-laced gorges is costing dearly and asbestos compensation claims are still being lodged.

Gina Rinehart has warned against policies that attack Australia’s “mining golden geese”, after Hancock Prospecting was awarded long awaited approvals for its McPhee iron ore project.

WA Defence Industry Minister Paul Papalia has endorsed the thinking behind Gina Rinehart’s Pilbara ‘iron dome’ concept, as the state pushes for protection of its economic heartland.

Strike Energy chair John Poynton has committed to restoring value in the company’s stock, after an abrupt sell-down triggered by exploration disappointment earlier this year.

The Australian Energy Market Operator has given Strike Energy’s proposed South Erregulla peaking power plant a leg up, granting it credits to contribute to the electricity grid in 2026.

The state’s peak planning body has approved a $145 million gas plant at Gina Rinehart’s Hancock Energy and John Poynton-chaired Strike Energy’s West Erregulla project.

Annual production at Hancock Prospecting’s proposed Mulga Downs iron ore mine in the Pilbara has been cut from 20 million tonnes to 12mt after the miner slashed the project footprint.

Gina Rinehart’s Hancock Prospecting has struck a deal to buy Mineral Resources’ Perth Basin gas assets for up to $1.13 billion and pledged to accelerate their development.

Gina Rinehart’s Hancock Prospecting has netted a bumper $5.57 billion profit after recording one of the highest revenues in the company’s history.

Hancock Prospecting has disclosed how much it stumped up to buy a majority stake in the Bunbury Farmers Market.

Perth company Wright Prospecting has reported another massive profit as its low-key owners reap the benefits of an iron ore royalties deal negotiated more than 50 years ago.

Gina Rinehart’s Hancock Prospecting has grown its stake in Las Vegas-headquartered producer MP Materials, building on the mining magnate’s rare earths portfolio.

An Indian government-backed company which part-owns a $5-billion iron ore project controlled by Hancock Prospecting has been released from ASX purgatory.

Hancock Prospecting will take over some of Mineral Resources' negotiations in the $850 million Lockyer gas project, following the $1.1 billion deal between the companies.

Gina Rinehart has stepped up her calls for Australia to cut regulation and taxes while also borrowing from US president-elect Donald Trump with the pro-oil slogan ‘Drill Baby Drill’.

Strike Energy will build its $137 million South Erregulla gas power plant, but a final call on its West Erregulla joint venture development with Hancock Prospecting has been pushed back.

The state's peak planning body has approved Mineral Resources' $850 million Lockyer gas plant, a project set to be owned by Hancock Prospecting.

The falling iron ore price has had a big impact on WA’s wealthiest.

Hancock Prospecting has completed its $1.13-billion acquisition of two Mineral Resources oil and gas exploration permits.

The near-term supply outlook for Western Australia’s domestic gas market has improved this year, but 2028 looms as a critical juncture in the state’s energy future.

ANALYSIS: As MinRes prepares for a future without its founder, Gina Rinehart's Hancock Prospecting has moved on its gas business and countercyclically acted on an appetite for lithium.

Gina Rinehart-backed Arafura Rare Earths has received an additional $200 million in funding from the federal government towards its Nolans project in the Northern Territory.

Strike Energy has not ruled out asset divestment as part of a strategic review of its operations, while its new management prepares to meet joint venture partner Hancock Prospecting today.

Hancock Prospecting spent $500,000 on donations to arms of the Liberal Party last financial year, in search of a government "more attuned to Australians".

Hancock Prospecting has hit a planning hurdle in its bid to put up a large sign at its West Perth office, with the City of Perth recommending it be refused.

Unionisation of the Pilbara’s iron ore industry could curtail BHP’s plans to invest in new mines, according to the company’s boss, Mike Henry.

Two Western Australian billionaires have applied to install signage on their office buildings but only one was approved by the City of Perth council.

There have been big shifts in the ranking of WA’s largest, and most profitable, private companies over the past year.

Mining magnate Gina Rinehart has set her sights on new exploration ground in Saudi Arabia as the Kingdom looks to lessen its oil dependency.

OPINION: Investors are voting with their wallets with big spending agendas in the Pilbara

The family company established by Pilbara mining pioneer, the late Don Rhodes, has reported another bumper profit as it continues to benefit from very large iron ore royalty payments.