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 Maritime Executive reports iron ore shipments on the Great Lakes totaled 5.7 million tons in October, a decrease of 11 percent from September, but an increase of 13 percent compared to a year ago.
October loadings also were up 7.2 percent compared to the month’s 5-year average. Shipments from US ports totaled 5.1 million tons, an increase of 18 percent compared to a year ago. However, loadings at Canadian ports slipped 16.3 percent from a year ago.
Continue reading at Maritime Executive.
Image of Miners Castle – Pictured Rocks National Park by Charles Dawley, Wikimedia Commons.