A consortium featuring Japan’s Marubeni and Korea’s POSCO has confirmed it will take a 30 per cent equity stake in Hancock Prospecting’s Roy Hill iron ore project in the Pilbara, in a deal that values the project at more than $12.8 billion.
Marubeni, POSCO increase Roy Hill stake for $3.2bn
By Dan Wilkie
30/03/2012 - 11:00
