Hancock Prospecting Pty Limited is an Australian-owned, private company that derives its revenue from iron ore exploration and mining, marketing, and sale of iron ore, and breeding and selling of commercial beef cattle in Australia. Jul 02, 2018 · Executive Director of Hancock Prospecting Tad Watroba said an acquisition of Atlas would increase the potential value of the asset by combining it with Hancock’s capabilities: “There is ... But, in fact, Outback Beef only features 33 percent Chinese equity. A majority 67 percent share is held by Gina Rinehart’s Hancock Prospecting. An Australian Prime Minister hasn’t visited China since September 2016, confirming long-standing tensions at an official level. These have worsened further in 2020.