Rinehart, Rio Tinto ordered to pay millions in royalties
Australia’s richest person, Gina Rinehart, has been ordered to pay hundreds of millions of dollars to her father’s former business associates. Mining giant Rio Tinto was also ordered to pay royalties from the Hope Downs iron ore deposits, as well interest and legal costs, to Wright Prospecting and DFD Rhodes.
In a statement, Hancock Prospecting Executive Director Jay Newby said the company “welcomes the WA Supreme Court decision which decisively confirms HPPL’s rightful ownership of these tenements firmly rejecting the baseless ownership claims of John [Hancock]…
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