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4 resultsfor “Hope Downs project ownership ruling”

Business

Gina Rinehart’s son says he wants to be a ‘united family’ in olive branch to mother after court ruling

ownership of the mammoth Hope Downs iron ore project, defeating competing claims from her children and Wright Prospecting. John Hancock, who has been [embroiled in a two-decade feud with his mother](https://www.theguardian.com/australia-news/2025/apr/20/inside-the-bitter-billion-dollar-feud-tearing-gina-rinehart-john-hancock-family-apart-ntwnfb),

The Guardian WorldApr 15
Business

Gina Rinehart’s Hancock Prospecting to pay hundreds of millions’ worth of royalties to rival family in ‘half loss half win’

Hope Downs iron ore project and will be forced to pay Wright Prospecting half of its royalties from the project, worth hundreds of millions of dollars. In a landmark ruling in the Western Australian supreme

The Guardian WorldApr 15
Business

Australia's richest person must share part of her mining fortunes, court rules

projects. The court heard Rinehart's father Lang Hancock and his business partner Peter Wright - who were considered iron ore pioneers in WA - drew up an agreement to manage their joint interests under a business

BBC NewsApr 15
Politics

Australia news live: Albanese and Sultan of Brunei pledge energy cooperation; antisemitism royal commission to hold first public hearings in May

Hope Downs iron ore project and will be forced to pay Wright Prospecting half of its royalties from the project. However the company is - declaring victory against Rinehart’s children after retaining ownership

The Guardian WorldApr 15