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Fortescue Metals to keep a seat at Rinehart's Atlas Iron table

Peter Ker
Peter KerResources reporter
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Fortescue Metals Group will block Gina Rinehart's companies from acquiring 100 per cent of Atlas Iron and keep a seat at the table in future negotiations over port capacity.

Mrs Rinehart's stake in Atlas pushed past 50 per cent on Friday, effectively ending any chance of a rival bid emerging from Fortescue or Atlas' original suitor, Mineral Resources.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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    Original URL: https://www.afr.com/companies/mining/fortescue-metals-to-keep-a-seat-at-rineharts-atlas-iron-table-20180806-h13lj8