trending Market Intelligence /marketintelligence/en/news-insights/trending/iwlxz5dvfwdjjobwpwfzja2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Gina Rinehart's Hancock Prospecting lodges all-cash bid for Atlas

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020

Gina Rinehart's Hancock Prospecting lodges all-cash bid for Atlas

Shares in Atlas Iron Ltd. jumped more than 22% by trading close on June 18 after Gina Rinehart's Hancock Prospecting Pty Ltd. lodged an off-market takeover bid to acquire the iron ore explorer, in which it owns a 19.6% stake.

Under the proposed all-cash deal, Atlas shareholders will receive 4.2 Australian cents per share held.

According to a same-day release, the iron ore explorer, which agreed to merge with Mineral Resources Ltd. in April, advised its shareholders to take no action on the latest offer.

Under the Mineral Resources offer, Atlas Iron shareholders would receive 1 Mineral Resources share for every 571 shares held, implying an offer price of 3.02 Australian cents per Atlas share at the time the deal was announced in April.

The offer is the latest in the struggle over acquiring Atlas Iron, with Fortescue Metals Group Ltd. building up a 19.9% stake earlier, which Australian analysts lauded as a smart play to keep Mineral Resources in check while effectively laying down "working capital" for growth options in lithium and base metals.

Fortescue expressed that under the current terms, it will not support the proposal.

Atlas recently disclosed that it received a notice from the office of the Minister for Transport, Planning and Lands that implied that its North West Infrastructure joint venture did not have priority to develop Stanley Point Berths three and four at Port Hedland in Western Australia.