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.
|Hancock Prospecting Pty Ltd||AUS||website|
|Hancock Prospecting Pty Ltd|
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: Australian Mining (2015)
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: Democracy For Sale (2018)
Between 2015 and 2018 this company paid $965 million tax on a total income of $7 billion, earning the number 19 spot on Michael West's Top 40 Tax Payers 2020. West calculated which of Australia's largest companies have paid the most tax using three years of tax transparency data published by the Australian Tax Office.
Source: Michael West (2018)
|Revenue||2 billion AUD (2015)|
|Subsidiaries||Hope Dairies Pty Ltd (90% owned)
This subsidiary of Gina Rinehart's Hancock Prospecting was established in 2014 when Rinehart invested in WA dairy company Bannister Downs.
- Future Fields Pty Ltd (50% owned)
Owned and operated by the Daubney family since 1924. In 2014 Gina Rinhart's new company Hope Dairies bought an undisclosed stake (we have listed ownership at 50%, but we don't know the actual percentage).
|Address||HPPL House, 28-42 Ventnor Ave, West Perth, WA, 6005, Australia|
|Phone||08 9429 8222|
Products / BrandsBannister Downs Farm (50% owned)
Bannister Downs Farm (WA) Milk
Bannister Downs Farm (WA) Flavoured Milk