Deal protecting Rio Tinto if Gina Rinehart loses heavyweight court bout over Wright Prospecting
Rio Tinto’s foresight may ultimately limit its exposure to a multibillion-dollar legal battle between two of Australian richest women.
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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.