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.
The iron ore dynamics in India have reversed in the last one year. From a huge surplus until last year, the country has slipped into deficit, thanks to a stern action taken by the government to nab illegal miners. Shutting down of operations by miners…