Australia's richest woman owns stakes in some of the biggest coal and iron ore mining projects in the country through Hancock Prospecting. She also holds the rights to revenue royalties from Rio Tinto's Hamersley Iron mines. In addition, Rinehart is a major shareholder in two of Australia's biggest media companies, Ten Network and Fairfax Media.
Gina Rinehart News
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John Hancock, who has feuded with his billionaire mother Gina Rinehart for at least a decade, today for the first time sought to wrest control of a multibillion dollar family trust from her.
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Australian entrepreneur Clive Palmer said opposition leader Tony Abbott, who is leading in polls ahead of the Sept. 14 election, should be worried that conservative voters will be wooed to his new political party.
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Australia plans to toughen laws that allow overseas workers to plug short-term labor needs and skills shortages as some employers are exploiting the system, Immigration Minister Brendan O’Connor said.
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Clive Palmer, the Australian entrepreneur planning to build a replica of the Titanic, will set up a new political party and run for parliament, pledging to boost employment as a strong currency curbs the economy.
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Rio Tinto Group’s plan to expand a coal mine in the Australian wine-growing region of Hunter Valley was rejected by a judge, overturning a government approval.
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Hope Rinehart Welker, who sued her billionaire mother Gina Rinehart over management of a multibillion-dollar trust, sought to exit the litigation and said she won’t help her siblings pursue the lawsuit.
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Roy Hill Holdings Pty, Australian billionaire Gina Rinehart’s unit that’s seeking to raise A$7 billion ($7.3 billion) in debt to build an iron ore mine, said it expects to complete funding by the end of the year.
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Samsung C&T Corp., South Korea’s second largest builder, won a A$5.9 billion ($6.1 billion) order from Australian billionaire Gina Rinehart’s Roy Hill Holdings Pty., its single biggest contract.
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John Hancock, the estranged son of Australia’s wealthiest citizen, the iron ore billionaire Gina Rinehart, recently flew to the U.S. to join 400 guests at a four-day wedding celebration in Bar Harbor, Maine.
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An Australian judge rejected a bid by the youngest daughter of Gina Rinehart, Asia’s richest woman, to have a family dispute over a multibillion-dollar trust moved from court to private mediation.
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