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Business Apr 18, 2026

Australia's Richest Person Gina Rinehart Ordered to Share Mining Millions with Rival Family

A landmark court decision in Western Australia has ordered Gina Rinehart's company, Hancock Prospec…
Gina Rinehart, Australia's richest person, has been dealt a significant blow with a court ruling that her company, Hancock Prospecting, must pay hundreds of millions of dollars in royalties to a rival mining family, Wright Prospecting.The Western Australian supreme court decision, which came on Wednesday, found that Wright Prospecting was entitled to a half share of royalties from the Hope Downs iron ore project, a joint venture between Rio Tinto and Hancock Prospecting.Hope Downs is a major mining project that exports around 45 million tonnes of iron ore annually from Australia's north-west. The court's ruling is a significant setback for Rinehart, who has been embroiled in a long-standing dispute with the Wright family over mining assets and royalties.The case, which began in 2010, has been a complex and lengthy battle, with multiple parties involved and over 4,000 documents submitted during the trial. The judge's findings, which ran to over 1,650 pages, noted that the dispute required a 'lengthy, diverse, and detailed reconstruction of events' dating back to the 1960s.Rinehart's company, Hancock Prospecting, has estimated that the historical payments to Wright Prospecting could be around $14 million per year, while the Wright camp estimates the amount could near $1 billion. The amount Hancock Prospecting and Rio Tinto are liable to pay will be the subject of a future hearing.The decision has been claimed as a partial victory by all parties involved, with Wright Prospecting welcoming the ruling and Hancock Prospecting declaring victory on the issue of ownership rights over the valuable assets.The 16-year court case may still have many years yet to play out, with neither side ruling out appealing against the verdict.
#Gina Rinehart #Hancock Prospecting #Wright Prospecting
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World Economy Apr 14, 2026

Gina Rinehart's Billion-Dollar Fortune Hangs in the Balance as Court Verdict Looms

A long-awaited court verdict in Perth may force Gina Rinehart to share billions of dollars in royal…
Gina Rinehart, Australia's wealthiest person, faces a potentially significant loss of wealth and control over her Pilbara iron ore empire as a court verdict looms in Perth. The Western Australian supreme court judgment will determine whether Rinehart must share the spoils of some of Hancock Prospecting's most lucrative iron ore projects with the family of her late father's business partner, Peter Wright.The dispute centers on the lucrative Hope Downs mining complex near Newman in north-west Western Australia, a joint venture between Hancock Prospecting and Rio Tinto, which delivered a $832m profit to Hancock Prospecting in 2025. The Wright family heirs claim they are entitled to an equal share of the 2.5% royalties coming from Hope Downs to Hancock Prospecting.Hancock Prospecting rejects the claim, arguing it undertook all the work and bore the financial risk of development, making it the legitimate owner of the Hope Downs assets. The judgment, expected to be appealed regardless of the outcome, may also impact Rinehart's children, who have accused their mother of an 'egregious fraud' against them.Rinehart's company and Hancock Prospecting have rejected all claims, with Rinehart's lawyers arguing that her actions were done to right an historic wrong by her father. The court's decision will also inform a separate federal arbitration process that will decide how Hancock Prospecting's shares are divided between the family.In a related development, Hancock Prospecting's latest annual report shows that more than $6.4bn in dividends have been placed in reserve pending the outcome of arbitration.
#hancock #rinehart #prospecting
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Commentisfree Apr 03, 2026

Celebrities Reveal the Sentimental and Quirky Items They'd Pack for a Moon Trip

A panel of six well‑known British figures – from a space scientist to a comedian – share the person…
Maggie Aderin-Pocock, a space scientist and CEO of Science Innovation Ltd, says the one item she would take to the lunar surface is a hand‑sewn purple‑cloth alien crafted by her daughter during a GCSE textile project. The tiny creature, made on a loom, embodies her child's love and would serve as a reminder of family ties at the farthest point from Earth. Sheila Hancock, acclaimed actor and writer, would use the trip as a cultural boot‑camp. She plans to study the complete works of Shakespeare, the epic novel War and Peace, and the full symphonies of Mahler as interpreted by Claudio Abbado, hoping the immersion will "strengthen her weakening brain" and deepen her appreciation of human genius. Michael Akadiri, a stand‑up comedian and resident doctor, imagines a lighter itinerary: a stack of old birthday cards to revisit heartfelt messages, an old‑school notepad for real‑time reflections, and a handful of puff‑puff (Nigerian doughnuts) – a cheeky nod to his fitness‑obsessed friends. Michael Rosen, children’s author and broadcaster, would bring three nostalgic comforts: giant yellow Chilean raisins from W Martyn’s shop in Muswell Hill, an oval brown pebble from the alleyway of his teenage flat, and the “furry” blanket his wife gave him during his 2020 COVID‑19 ventilator stay, each item a tactile link to his past. Athena Kugblenu, writer and comedian, opts for practicality and humor. She would pack a pair of Crocs for comfort, the guidebook Contact by Carl Sagan as a potential alien‑communication manual, and a jar of shito sauce – a Ghanaian shrimp‑tomato condiment – to introduce extraterrestrials to Ghanaian flavor before they learn English profanity. Nels Abbey, writer and broadcaster, frames his selection as a morale‑boosting toolkit. He would carry excerpts from Gil Scott‑Heron’s "Whitey on the Moon" and stand‑up routines by Paul Mooney, using their cynical wit to cope with the psychological challenges of space travel. Collectively, the panel’s choices illustrate how personal history, artistic heritage and even culinary curiosity can anchor humanity during the most extraordinary voyages. Their whimsical yet heartfelt lists underscore the idea that, even beyond Earth, we remain tethered to the stories, flavors and objects that define us.
#moon #space #take
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