The head of projects at Hancock Prospecting says a plan to make Western Australia the “California of Australia” was riddled with regulatory shortcomings that will hold back the transition to green steel.
Sanjiv Manchanda, one of the most senior executives inside Gina Rinehart’s private mining group, said WA Premier Roger Cook’s magnetite gamble was attractive to Hancock but needed fiscal and legislative support to be realised.
Loading...
Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
