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.
Rio Tinto chief executive Tom Albanese has moved to assure Australian investors that the miner will not over-commit its expansion spending to iron ore but news from London highlights the difficulty the company may face responding to various pressures.