Miners making hay as iron ore price surges Hancock
The surge, which has extended to lower grade iron ore cargoes, also makes Gina Rineharts $427 million buyout of Atlas Iron last year look exquisitely timed. When the bidding war between Mineral Resources, Fortescue and Mrs Rineharts Hancock Prospectingbegan, Atlas was barely making a margin on its lower grade product, shipping ore to China at an average cost of $63 a tonne in the




































