Australia’s richest person, Gina Rinehart, has been ordered to pay hundreds of millions of dollars to her father’s former business associates. Mining giant Rio Tinto was also ordered to pay royalties from the Hope Downs iron ore deposits, as well interest and legal costs, to Wright Prospecting and DFD Rhodes.
In a statement, Hancock Prospecting Executive Director Jay Newby said the company “welcomes the WA Supreme Court decision which decisively confirms HPPL’s rightful ownership of these tenements firmly rejecting the baseless ownership claims of John [Hancock], Bianca [Rinehart] and Wright Prospecting Pty Ltd in their entirety”.
Gina Rinehart’s children, John Hancock and Bianca Rinehart, sought shares in the multibillion-dollar East Angleas iron ore deposits.
“The court found that these tenements belong to HPPL exclusively,” Newby said.
Plus, police investigate Katy Perry sexual assault allegations, and the US Navy intercepts tankers near Iran.
Read more:
Gina Rinehart ordered to pay hundreds of millions in royalties in landmark decision
Katy Perry being investigated by Victoria Police over Ruby Rose sex assault claim
US intercepts eight tankers trying to leave Iranian ports
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