Laxaro

View the latest news and breaking news today

water fight: mining billionaires battle for prized port

water fight: mining billionaires battle for prized port Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



water fight: mining billionaires battle for prized port

in the 29-minute period in which atlas stock was traded, 141.35 million shares changed hands. the stock rose 4.8 per cent to 4.4 cents before trading halted.so why would two of wa’s richest, most influential and successful business people suddenly become so interested in a struggling iron ore miner?fortescue metals group chairman andrew forrest.photo: trevor collensafter all atlas is a company that two months ago the boss of mineral resources, chris ellison, reportedly described as “sitting in palliative care” with “a finite life”.mr ellison, himself a wealthy and very successful businessman, had of course just launched a bid to buy atlas, a move that was effectively blocked by fortescue’s shock move.loadingat one point a market ...