4 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
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