Latest / The Front / Rinehart, Rio Tinto ordered to pay millions in royalties
Transcript
- 0:01Speaker 1: Today's biggest news from The Australian. I'm Christinamio with the
- 0:05Speaker 1: front's afternoon headlines. Australia's richest person, Gina rein Hart, has
- 0:10Speaker 1: been ordered to pay hundreds of millions of dollars to
- 0:12Speaker 1: companies owned by the family members of her father's former
- 0:16Speaker 1: business associates. The landmark decision by Western Australian Supreme Court
- 0:20Speaker 1: Justice Jennifer Smith is more than a decade in the making.
- 0:24Speaker 1: In twenty ten, Wright Prospecting and DFD Rhoades launched a
- 0:28Speaker 1: claim for a share of the Hope Downs iron Ore
- 0:31Speaker 1: deposits mined jointly by Ryan Hart's company, Hancock Prospecting and
- 0:36Speaker 1: Rio Tinto. Wright Prospecting is owned by the children and
- 0:39Speaker 1: grandchildren of Peter Wright, a former business partner of Gina
- 0:43Speaker 1: Reinhart's father, Lang Hancock, while DFD Rhodes was founded by
- 0:47Speaker 1: Don Rhodes, a prominent businessman and another of Lang Hancock's associates.
- 0:52Speaker 1: Wright told the court its share of Hope Downs had
- 0:55Speaker 1: been identified back in the nineteen eighties when Wright and
- 0:59Speaker 1: Hancock were work looking on how their assets would be split.
- 1:02Speaker 1: They said Hancock was only exempt from paying royalties on
- 1:05Speaker 1: new deposits discovered after the nineteen eighty seven agreement was struck.
- 1:10Speaker 1: Hancock Prospecting told the court Right had no claim to
- 1:13Speaker 1: the assets, based on contemporaneous notes made by a former
- 1:16Speaker 1: Right Prospecting general manager known as mister McSweeney. Justice Smith
- 1:21Speaker 1: found both Right Prospecting and DFD Roads successfully argued they
- 1:26Speaker 1: were entitled to past and future Hope Doown's royalties worth
- 1:29Speaker 1: hundreds of millions of dollars, and said Reinhartz, Hancock Prospecting
- 1:33Speaker 1: and Rio Tinto are required to pay the royalties, as
- 1:36Speaker 1: well as interest and legal costs. A spokesperson for Right
- 1:40Speaker 1: Prospecting said in a statement the company was quote after
- 1:44Speaker 1: many delays, pleased to finally receive a result in our favor.
- 1:48Speaker 1: The spokesperson said Right will now review the quote lengthy
- 1:51Speaker 1: and complex decision. Wright also claimed it was entitled to
- 1:55Speaker 1: half of the East Anglias iron Ore deposits, but that
- 1:58Speaker 1: claim was dismissed by Justice Smith. The Mammoth Civil actions
- 2:02Speaker 1: saw rose of seating in the public gallery of the
- 2:05Speaker 1: Western Australian Supreme Court ripped out to make way for
- 2:08Speaker 1: the dozens of solicitors, special counsel and barristers working on
- 2:12Speaker 1: the case. None of the main players in the case
- 2:15Speaker 1: were in court on Wednesday to hear Justice Smith's decision.
- 2:19Speaker 1: Pop star Katie Perry is the subject of an investigation
- 2:22Speaker 1: by Victoria Police over allegations she sexually assaulted Australian actor
- 2:27Speaker 1: Ruby Rose. Rose claimed in a social media post Perry
- 2:30Speaker 1: assaulted her at a Melbourne nightclub in twenty ten, when
- 2:34Speaker 1: Rose was aged in her early twenties, and is understood
- 2:37Speaker 1: to have filed a complaint with the authorities. In a
- 2:40Speaker 1: follow up post on Tuesday afternoon, Rose said she had
- 2:43Speaker 1: quote finalized all her reports and as such was no
- 2:47Speaker 1: longer able to comment publicly. Victoria Police confirmed on Wednesday
- 2:52Speaker 1: its Sexual Offenses and Child Abuse Investigations team is quote
- 2:56Speaker 1: investigating a historic sexual assault that occurred in Melbourne that year.
- 3:01Speaker 1: Perry denied the allegations through her representatives, who said Rose's
- 3:05Speaker 1: allegations amounted to quote dangerous, reckless lies. The pop star
- 3:10Speaker 1: claimed Rose has quote a well documented history of making
- 3:13Speaker 1: serious public allegations on social media against various individuals, claimed
- 3:18Speaker 1: that have been repeatedly denied by those named. Rose claimed
- 3:22Speaker 1: in follow up posts should air the allegations against Perry
- 3:25Speaker 1: publicly in the immediate aftermath, but quote changed it to
- 3:29Speaker 1: be a funny, drunk little story because she didn't know
- 3:32Speaker 1: how to handle it. She claimed she stayed quiet because
- 3:35Speaker 1: Perry allegedly agreed to help Rose obtain a US visa.
- 3:40Speaker 1: A United States official claims America's navy has intercepted eight
- 3:44Speaker 1: oil tankers sailing in or out of Iranian ports since
- 3:48Speaker 1: the beginning of a naval blockade ordered by President Donald Trump.
- 3:52Speaker 1: In all cases, the ships reportedly complied with orders to
- 3:55Speaker 1: turn around without incident out Those stories live right now
- 4:01Speaker 1: at the Australian dot com dot au and come back
- 4:04Speaker 1: to the front first thing in the morning for a
- 4:06Speaker 1: change of pace. The Whirlwind visit to Australia by the
- 4:09Speaker 1: Duke and Duchess of Sussex, Harry and Meghan. That's right here,
- 4:13Speaker 1: Thursday morning.