Hancock Prospecting to acquire the gas and oil assets in the onshore Perth and Carnarvon basins from Mineral Resources for $1.1bn.

Hancock Prospecting, a mining firm, agreed to acquire the gas and oil assets in the onshore Perth and Carnarvon basins from Mineral Resources, a mining services company, for $1.1bn. “MinRes and Hancock have a long history built on a strong relationship and I’m excited that we are again deepening our ties, this time in energy," Darren Hardy, Mineral Resources Chief Executive Energy.