5 resultsfor “Hope Downs project ownership 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),
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
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
projects, but the verdict on royalties means Hancock and Rio Tinto are on the hook for hundreds of millions of dollars to the family of Peter Wright, going back to when the mine first began
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