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.
June 13 (Reuters) – Industrial explosives maker Incitec Pivot Ltd said on Wednesday its Dyno Nobel business received an explosives’ products-and-services contract with units of Fortescue Metals Group.
The contract with the two units of the world’s fourth-largest iron ore miner will last until December 2023, Incitec said.
The contract is expected to partially offset the drop in profit the company had previously forecast after losing a contract with Roy Hill Iron Ore, Incitec said.
($1 = 1.3217 Australian dollars)
(Reporting by Aaron Saldanha in Bengaluru; Editing by Sherry Jacob-Phillips)
