Indian Prime Minister Narendra Modi has held private talks with mining billionaires Gina Rinehart and Andrew Forrest on his visit to Australia. ausbiz
Mining billionaire Gina Rinehart had talks with Indian Prime Minister Narendra Modi in Sydney on Tuesday as his government eyes investments in critical minerals in Australia.
Delta executive chairman David Flanagan told a mining conference on the Gold Coast last week that Hancock and Chris Ellison’s Mineral Resources had been buying shares in Delta, known as Red Dirt Metals until a name change in April. Hancock bought into Mount Bevan in April 2022 through an earn-in agreement that paves the way for it to own a 51 per cent stake alongside Legacy with 29.4 per cent and Hawthorn .
The Mount Bevan joint venture is one of the magnetite projects in the Hancock pipeline. Hancock, through wholly owned subsidiary Atlas Iron, is pushing ahead with approvals for its Ridley project near Port Hedland, which could eventually turn into a multibillion-dollar investment producing 16.5 million tonnes of magnetite a year.
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