17
Nov
11:09
Hancock to take control of Bevan project
Hancock Magnetite (HMPL), a wholly owned subsidiary of Hancock Prospecting, has signed an exclusive agreement to earn-in to the Mt Bevan Project. It will initially invest AUD 9 million ($6.55m) in the project to earn a 30% interest, and then fund pre-feasibility study costs to earn an additional 21%, taking its cumulative stake to 51%, Kallanish learns.
Hancock subsidiary Atlas Iron has been appointed by HMPL to act as the manager for the joint venture which opera…
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Very good overview of the weekly steel market.
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