Page 2 - Wright Prospecting News Today

Previously unseen documents shed new light on the fight between Gina Rinehart and two of her children, and their claim to the flagship Roy Hill mine that has made them all billionaires.

The billionaire thought her father Lang Hancock’s scheme to sell iron ore to communist Romania was “foolhardy and reckless”, lawyers told a WA court.

Lawyers for Mr Hancock and his sister, Bianca Rinehart, claimed that Hancock Prospecting’s stake in Hope Downs should belong to Lang Hancock’s grandchildren.

Billionaire Gina Rinehart’s eldest children have made a shock appearance at the WA Supreme Court in a high-stakes civil trial that has pitted them against their mother and two other mining dynasties.

Rio Tinto has scolded the mining dynasty fighting for a slice of its Hope Downs iron ore hub for casting doubt over what it knew while inking a deal with billionaire Gina Rinehart.

Rio Tinto’s foresight may ultimately limit its exposure to a multibillion-dollar legal battle between two of Australian richest women.

Australia’s biggest private company’s growing lithium interests have led it to criticise the nation’s competitiveness against other developed economies.

An 18-year-old diary entry from a former Wright Prospecting executive has cast doubt over a billionaire family’s claim to ownership and lucrative royalties flowing from one of Gina Rinehart’s Pilbara mines.

Diary entries unearthed in court during a high-stakes legal stoush have laid bare Wright Prospecting’s frantic effort to determine whether it had been swindled in Gina Rinehart’s joint venture deal with Rio Tinto.

Huddled around the board table in the days before joining forces to develop Hope Downs, Rio Tinto’s top deal maker posed a question to billionaire Gina Rinehart that has tormented them since.