Politics Source-linked briefing

Gina Rinehart’s iron ore mines deliver healthy profit despite weakening prices for the steel-making commodity

Gina Rinehart’s Hancock Iron Ore generated a healthy net profit for the 2026 financial year as Australia’s richest person warned policymakers that ‘mines don’t last forever’.

Adrian Rauso

Original contributor via The West

| October 29, 2026 | 1 min read | Updated Oct 30, 10:00 AM

Gina Rinehart’s iron ore mines deliver healthy profit despite weakening prices for the steel-making commodity — Image supplied with the source report: The West.

Gina Rinehart’s Hancock Iron Ore generated a healthy net profit for the 2026 financial year as Australia’s richest person warned policymakers that ‘mines don’t last forever’.

Source disclosure

This is a source-linked briefing. Read the original report from The West .