Hancock Prospecting-backed Catalyst Metals has discovered a gold zone at the Tandarra project in Bendigo, Victoria.
Hancock Prospecting has delivered a 90 per cent increase in profits during the 2019 financial year, largely owing to its acquisitions and development efforts.
BGC Contracting has secured a contract extension with Atlas Iron at the Mt Webber iron ore project in Western Australia.
Austmine reveals the five key themes that emerged for the mining and METS sector at its 2019 mining innovation conference in Brisbane.
Seventeen of Australia’s richest 250 built their wealth upon the mining sector, with Hancock Prospecting’s Gina Rinehart leading the cohort with $13.12 billion.
Hancock Prospecting’s takeover bid for Riversdale Resources has hit a hurdle after two prominent shareholders rejected the offer.
Iron ore and cattle magnate Gina Rinehart has placed 75th in Forbes’ 2019 list of the richest people in the world with a personal net worth of $US15.2 billion ($21.5 billion).
The board of Riversdale Resources has recommended shareholders take no action relating to a takeover offer received from Hancock Prospecting last week.
Gold Exploration Victoria (GEV) is investing just over $13 million to acquire around 11 per cent of Perth-based explorer Catalyst Metals.
Hancock Prospecting has announced its intent to purchase the remaining shares in Canadian company Riversdale Resources that it doesn’t already own.
The Hancock-owned Roy Hill operation has revealed that its post-tax profits have jumped 69 per cent to $558 million in just the second year of production.
Hancock Prospecting subsidiary Redstone Corporation has secured over 90 per cent of Atlas Iron’s shares, allowing the Gina Rinehart-owned company to commence a compulsory acquisition of the remaining shares.
Joint venture partners Rio Tinto and Hancock Prospecting have opened the Baby Hope mine, a fourth Hope Downs operation that boasts the use of automation.
Pilbara iron ore miner Roy Hill has painted two locomotive cars destined to join its train fleet pink in support of breast cancer patients.
Hancock Prospecting has increased its offer price to Atlas Iron, from 4.2 cents to 4.45 cents per Atlas share, in an attempt to secure at least 87 per cent voting power in the junior miner.
Hancock Prospecting through its subsidiary Redstone has extended its takeover bid for Atlas Iron. The offer has been extended to August 31, 20 days later than was originally set and “subject to any further extension”.
Hancock Prospecting has made its acquisition of Atlas Iron’s shares unconditional in an effort to push forward its all-cash takeover bid.
Atlas Iron’s directors have unanimously recommended shareholders accept Hancock Prospecting subsidiary Redstone Corporation’s $390 million takeover offer in a company target statement.
The Australian Securities and Investments Commission (ASIC) has granted Atlas Iron relief regarding the deadline of its target statement in response to a $390 million takeover offer from Gina Rinehart-owned Hancock Prospecting.
Roy Hill has introduced a scheme that will see some of the profits of owner, Hancock Prospecting, shared with employees.