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Battle of the billionaires emerging for Atlas

Gina Rinehart's Hancock Prospecting has bought a 19.9% stake in takeover target Atlas Iron

Kristie Batten
Gina Rinehart at Roy Hill's berth in Port Hedland

Gina Rinehart at Roy Hill's berth in Port Hedland

A Hancock subsidiary paid A$28.6 million for 846.8 million Atlas shares on Friday, before outlaying another $21 million yesterday for a further 542.1 million shares. It gives Hancock a 14.97% stake...

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