Billionaire Gina Rinehart’s wealth swells with Hancock’s A$4bn profit
Hancock Prospecting reported a A$4 billion ($2.9bn) net profit after tax for financial 2020, a 56% improvement from the A$2.6 billion logged last year.
As iron ore rallies again – up 6% on Friday – report shows just how bonkers Chinese speculation in ore futures are compared to anything on Wall Street.
Few trust official Chinese growth numbers, but new research shows activity across a wide section of the economy accelerated sharply in the first quarter.
The niobium and phosphates division, which consists of mines, plants, processing facilities, chemical complexes and deposits, was one of Anglo’s more profitable businesses.
Beijing clampdown on Chinese commodity markets where six out of ten of the world's most active derivates are now traded doesn't bode well for iron ore price.