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Gina Rinehart’s Hancock Prospecting has attempted to deliver a fatal blow in the battle to guard its iron ore riches, unearthing a 34-year-old memo showing a rival mining dynasty knew it had no right to its royalties.
Gina Rinehart’s lawyers have told a civil trial a newly found memo shows disputed assets belonged solely to Hancock Prospecting.
The magnate sought a “total cleanup package division of Hancock and Wright so as not to leave grey areas for our respective heirs to argue about”.
Hancock Prospecting’s lawyer rubbished his opponents’ characterisation of Lang Hancock’s letter to his daughter, insisting it was of “peripheral relevance”.
Gina Rinehart’s Hancock Prospecting has fought to shield its iron ore empire from the multimillion-dollar royalty claim lobbed by her father’s associate amid a high-stakes civil case in the Supreme Court.