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    Hancock Prospecting

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    • 10 lucky employees randomly get $100,000 as bonus from Australia’s richest person

      Australia's richest person Gina Rinehart has surprised 10 employees with a $100,000 Christmas bonus.

    • Looming payment for Australia coal assets hangs over GVK

      The looming payment is the latest headache for GVK on three projects it took over at the height of the coal boom, which industry experts see as uneconomic with coal prices mired at five-year lows and unlikely to be developed for several years.

    • Around $1.2 bn loan backs GVK's Hancock mines buy: Report

      Around USD 1.2 billion loan will be provided by banks to back GVK Power & Infrastructure Ltd's proposed acquisition of the Alpha Coal and Kevin's Corner coal mines owned by Australia's Hancock Prospecting, banking sources said, Basis Point reported on Friday.

    • GVK reaches $2.2bn Hancock mines deal: Report

      GVK Power & Infra is close to finalising a deal to buy two Australian coal mines owned by Hancock Prospecting, said two sources with knowledge of the deal, which a newspaper report said has been agreed for USD 2.2 billion.

    • GVK launches beauty parade for Hancock deal: Sources

      GVK Power and Infrastructure is asking investment banks to submit proposals to advise on its acquisition of two Australian coal mines owned by Hancock Prospecting, sources said Wednesday.

    • GVK, Hancock extend deadline on mine deal again: Sources

      GVK Power and Infrastructure and Australia's Hancock Prospecting have extended the deadline yet again for exclusive talks on two Australian coal mines to the end of August as the two sides differ on valuation, two sources with direct knowledge of the matter said.

    • GVK Power to buy Hancock coal mines for $2.4 bn: Report

      GVK Power and Infrastructure will buy two of Hancock Prospecting's thermal coal mines in Australia for around USD 2.4 billion, the Mint newspaper reported on Thursday.

    • GVK in talks to buy Hancock mines in Australia: Report

      GVK Power and Infrastructure is in exclusive talks to buy two Australian coal mines owned by Hancock Prospecting in a deal worth A$8 billion (USD 8.4 billion), an Australian newspaper reported on Thursday.

    • Lanco Infra not bidding for Hancock coal mines

      Lanco Infratech Ltd is readying to take over operations Australian Griffen Coal mines in March, but will not bid for the coal mine assets of Hancock Prospecting, a top official of the infrastructure developer said on Tuesday.

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