Gervase Greene News
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Gina Rinehart, Asia’s richest woman, is attempting to reclaim a stake in one of Australia’s most valuable iron ore assets, after a judge awarded the holding to Wright Prospecting Pty two years ago.
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Gina Rinehart, Asia’s richest woman, is fighting an Australian regulator demanding financial records of her closely held company, widening efforts to maintain her privacy after losing a separate battle with her children.
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Asia’s richest woman Gina Rinehart’s Hancock Prospecting Pty and Wright Prospecting Pty have settled a royalty dispute with billionaire Stan Perron, who claimed he’d been short-changed for a decade on mining royalty payments.
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Rio Tinto Group’s mines in Western Australia’s Pilbara region, and other businesses, escaped mostly unscathed when Tropical Cyclone Lua, the biggest storm of the year, moved through the area two days ago.
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Tropical Cyclone Lua, a Category 4 storm, battered Australia’s northwestern coast in the Pilbara mining region with winds of around 250 kilometers an hour (155 miles an hour).
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Tropical Cyclone Lua has strengthened into a severe storm, before it’s expected to cross into Australia’s northwestern Pilbara region tomorrow, the world’s biggest source of seaborne iron ore.
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Ten minutes’ walk from Australia’s largest open-pit gold mine, 35-year-old driller Matt Brown swigs a beer in the bar of the Rock Inn Hotel and laments one of the biggest problems of the mining boom: a shortage of girlfriends.
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The following are the day's top business stories:
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Two cyclones in Australia’s north have caused storms and flooding, affecting mining and energy projects for companies including Rio Tinto Group and Woodside Petroleum Ltd.
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Australia, accounting for 41 percent of global seaborne exports of iron ore, shut its main ports handling the commodity because of an approaching cyclone.
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