Rinehart’s Hancock weighs $3.3 billion iron ore mine project
Hancock acquired a 51% interest in the Mt Bevan project from Legacy Iron Ore Ltd. and Hawthorn Resources.
Australia’s Mineral Resources on Thursday reported a 30% sequential jump in its second-quarter spodumene concentrate output from its Mt Marion operation, helped by improved ore recoveries.
The diversified miner produced 83,000 dry metric tonnes (dmt) of spodumene concentrate for the quarter ended Dec. 31, up from 64,000 dmt in the previous three-month period.
(By Ayushman Ojha and Echha Jain; Editing by Krishna Chandra Eluri and Shilpi Majumdar)
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