Iron lady goes to ground

In case you missed it, WA has an iron ore boom gathering pace in the Pilbara. BHP is spending about $250 million on its Area C project, Robe River is splashing out $1.2 billion on West Angelas, Hamersley Iron is working up its $300 million Nammuldi/Silvergrass project and Portman Mining is expanding.

But, before rushing to deem the good times flowing from increasing Asian demand for iron ore (and the ability to pay higher prices for imports) it is worth noting that someone appears to be absent from the party.

Where’s Gina?

With the outlook as bright as it has been in a decade it would be reasonable to assume that Gina Rinehart, daughter of iron ore legend, Lang Hancock, would somewhere to be seen. She has a joint venture with the South African miner, Iscor, and a plan to start a mine at Hope Downs.

Perhaps the new mine is more advanced than meets the eye? Perhaps Gina is feverishly burning the midnight oil to get Hope Downs to the starting line? Perhaps the time consuming legal actions against ex-stepmother, Rose Porteous, have been dropped?

Perhaps, Perhaps.

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