Hancock Partners Commit to Iron Ore Mining

Reuters reported Hancock Prospecting major equity partners in the Roy Hill iron project have formally committed to the project.

As quoted in the market news:

South Korea’s POSCO has said it plans to seal a deal to expand its stake in an Australian iron ore project for $1.6 billion, undaunted by a feud between Rinehart and her children over the family business.

Click here to read the full Reuters report.