Hancock Prospecting had $2.9 billion in the bank as of June 2012, according to documents filed with the corporate regulator.
Jamie Freed at the Australian Financial Review also reported that Hancock prospecting had $481.6 million in listed investments, such as its stake in Fairfax Media.
Gina Rinehart’s Hancock also had $883 million of bank loans, up from $122 million the previous year.
Hancock told the Australian Securities & Investments Commission it had 70 employees and had paid salaries of $22.5 million to “key management personnel,” according to Freed. Though it employs more than 250 people if you include its subsidiaries.
Recently it reported a profit of $3.3 billion for 2012.
Business Insider Australia’s parent company Allure Media is a wholly-owned subsidiary of Fairfax Media.
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