Gina Rinehart and Hancock Prospecting
Gina Rinehart controls Hancock Prospecting, owner of Roy Hill and half of Hope Downs, and holds 8.4% of MP Materials 245.
Gina Rinehart's companies and investments
| Company | Role |
|---|---|
| Hancock Prospecting | Executive chair; privately owned |
| Roy Hill | Iron ore project; tenements acquired 1993, mine shipping since 2015 |
| Hope Downs | Hancock Prospecting owns 50%; operated by Rio Tinto |
| MP Materials | Hancock stake of 8.4% (Forbes, 2026) |
| Azure Minerals | Lithium miner bought with SQM in May 2024 for $1.1 billion |
Hancock Prospecting
The private company founded by Lang Hancock. Gina Rinehart became executive chair in 1992 and Forbes describes her as having rebuilt it 25.
Roy Hill and Hope Downs
She acquired the Roy Hill tenements in 1993. The mine opened in 2015 after about A$7.9 billion in funding, according to Wikipedia. Hope Downs, operated by Rio Tinto, produces about 47 million tonnes a year 5.
Rare earths and other assets
Forbes calls her an early investor in rare earths and says Hancock raised its MP Materials stake to 8.4%. Wikipedia records that stakes in Lynas Rare Earths and MP Materials were revealed in April 2024. Forbes also lists gas investments and Australia's second-largest cattle business 245.
Media
She took a 10% stake in Ten Network Holdings in 2010 and built a stake of 18.67% in Fairfax Media by 2012, which she sold in 2015 7.