Original article by Mark Di Stefano, Mark Wembridge
The Australian Financial Review – Page: 14 : 17-Jun-26

Hancock Prospecting has declined to comment on the extent of job cuts at its iron ore mines in the Pilbara. However, the private company of billionaire Gina Rinehart is believed to have shed between 300 and 500 jobs, which would comprise up to 10 per cent of its workforce. Sources have confirmed that affected workers were offered generous redundancy packages. Hancock’s Roy Hill and Atlas Iron divisions were merged under the Hancock Iron Ore banner in mid-2025; their consolidation was aimed at streamlining Hancock’s operations across the Pilbara, which comprises the Roy Hill, Sanjiv Ridge, Mount Webber and Miralga mines; the company is also constructing the McPhee Creek mine and hopes to build another mine at Mulga Downs.

CORPORATES
HANCOCK PROSPECTING PTY LTD, ROY HILL HOLDINGS PTY LTD, ATLAS IRON LIMITED, HANCOCK IRON ORE