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Iron ore magnate Rinehart offers $290 million in cash for Atlas

Cecilia Jamasmie | June 18, 2018 | 8:56 am Asia Australia Iron Ore 

Australia's wealthiest woman and mining tycoon, Gina Rinehart, became Monday the third party interested in buying Atlas Iron this year after offering A$390 million ($290 million) in cash for the junior miner. The bid, made by Redstone Corporation Pty Ltd, a wholly‐owned subsidiary of Rinehart’s Hancock Prospecting, comes only...

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