Executive Chairman, Hancock Prospecting Group and Roy Hill
Mrs Rinehart was born in February 1954 in West Australia. She spent her childhood between the Pilbara, in north-west Australia, where she lived with her parents, Lang and Hope Hancock, on large sheep and cattle properties in the remote and rugged iron ore region, and boarding school at an Anglican girls’ school in Perth Since becoming Executive Chairman of the Hancock Prospecting Group (HPPL) in 1992, she has been responsible for the protection and substantial growth of the company group. She applied for tenements at Roy Hill in West Australia, shortly after assuming her chairmanship, and later also the Alpha and Alpha West coal tenements in Queensland, together with adding to the company’s initial minor holding in Kevin’s corner. The earlier company holding in Kevin’s corner being too small by itself to be able to base a project given its long distance from the coast and the vast infrastructure required. Mrs Rinehart has also continued to expand the pipeline of future projects for the HPPL group, including: In 2007, Mrs Rinehart entered the Jacaranda Joint Venture Alliance, which has applied for additional tenements and holds tenements across Australia (uranium, lead, zinc, molybdenum, gold, diamonds and petroleum). HPPL manages the joint venture alliance. In 2011 and 2012 entering joint venture interests in extensive prospective coal tenements in Queensland, which HPPL also manages. But the focus of her efforts and investments since becoming Executive Chairman has been on Hope Downs, taking these tenements from a status of temporary titles to state agreement, then undertaking extensive expenditure and exploration and studies of them and undergoing an enormous approval process to building three mines and related facilities – Hope North, which commenced in 2007; Hope South, which commenced in 2008; and the nearing completion Hope 4 mine. This being in conjunction with JV partner, Rio Tinto Iron Ore (RTIO) since July 2005.