Hancock Prospecting’s net asset value rises to $43.5 billion Dividends decrease to $488 million

Gina Rinehart’s Hancock Prospecting saw its net assets rise to $43.5 billion as of June 30, but the dividend paid to Rinehart and family dropped to $488 million from $1.2 billion in 2021. Despite increased investments in rare earths and energy sectors, profits from iron ore holdings fell significantly, prompting plans to merge Roy Hill and Atlas into Hancock Iron Ore.

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