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Focus on Fortescue as MinRes bows to Gina Rinehart in war over Atlas Iron

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The spotlight has shifted to Andrew Forrest after Chris Ellison's Mineral Resources bowed to Australia's richest woman, Gina Rinehart, in the fight for junior iron ore miner Atlas Iron.

MinRes announced on Wednesday that it would not counter Mrs Rinehart's all-cash offer for takeover target Atlas.

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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com

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    Original URL: https://www.afr.com/business/minres-bows-to-gina-rinehart-in-war-over-atlas-iron-20180620-h11mfw