Tag: AGO – MIN

Gina Rinehart’s Hancock Prospecting is the as the only live bidder for embattled iron ore miner Atlas Iron after the first bidder, Mineral Resources (MINRES) bailed on Wednesday evening.

The news didn’t get any better yesterday for some small shareholders in Atlas Iron who are resisting the takeover offer from Mineral Resources.

As expected Atlas Iron’s board is set to be swallowed by the very much larger Mineral resources (MinRes) for an all paper $280 million bid which in the end is a pittance.