Hancock Prospecting

OVERALL
Owned	AUS
Rating

Iron ore mining

Founded by Lang Hancock in 1955 and now chaired by Australia's wealthiest person Gina Rinehart. Gina Rinehart owns 76% of the company and is the daughter of Lang Hancock. Operates major mining projects in WA and Queensland.

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PRAISE	CRITICISM	INFORMATION
Hancock Prospecting Pty Ltd
	Fined over financial breaches This company pleaded guilty to breaches of the Corporations act, resulting in fines worth $130,000 for failing to lodge annual reports with the Australian Securities and Investments Commission on time. 13 breaches between three companies attracted fines of $10,000 for each offense. [Source 2015][More on Finance]	Political donations According to the democracyforsale.net website, this company donated $441,900 to Australia's major political parties between 2012 and 2018, as disclosed to the Australian Electoral Commision (AEC). [Source 2018][More on Politics]

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