Rinehart moves Corunna Downs up

HAVING fought off Fortescue Metals Group and Mineral Resources to secure control of loss-making Atlas Iron last year, Gina Rinehart’s Hancock Prospecting is pushing ahead with development of Atlas’ long-stalled Corunna Downs project in Western Australia’s Pilbara region.

Rinehart moves Corunna Downs up Rinehart moves Corunna Downs up Rinehart moves Corunna Downs up Rinehart moves Corunna Downs up Rinehart moves Corunna Downs up

Atlas is looking to replace Mt Webber.

It would be Atlas' first new mine since Mount Webber, and will allow the company to remain in production following the expected depletion of reserves in early 2022.

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