Australian iron ore miner Atlas Iron backs Hancock takeover

摘要

Australian iron ore miner Atlas Ironsaid Thursday a majority of its board hadrecommended its shareholders accept atakeover bid by Hancock Prospecting, endingdiscussions with Mineral Resources.Billionaire Gina Rinehart’s Hancock holdsstake in mines with Posco and Rio Tinto andowns vast tracts of land in Australia with minesand grazing.