BHP, Rio face hard choices as ore woes set in

Hancock acquired a 51% interest in the Mt Bevan project from Legacy Iron Ore Ltd. and Hawthorn Resources.

The world's largest listed miner said iron ore output from Western Australia on a 100% basis was 76.8 million tonnes in the three months to June 30.

The company reported output of 80.6 million metric tons for the steel-making ingredient in the three-month period ended in June.

Last week, consulting firm Russell Reynolds delivered a list of 15 potential successors for Eduardo Bartolomeo.