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.
Mining company Zamin Ferrous is waiting on authorizations to initiate the extraction of iron in Valentines, Uruguay.
The company expects to start exporting around 18 million tons of iron per year from 2016.
Source (Spanish): La Red 21 via BrightWire News.
