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.
9:56am BST By LONDON (Reuters) – An increasing number of investment banks are poised to muscle into the trading of physical iron ore, a business long dominated by trading houses, lured by the market’s huge size and its shift to a more transparent pricing