Australia Court rules Gina Rinehart's Hancock Prospecting must pay royalties to Wright Prospecting family
The Western Australian Supreme Court has ruled that Wright Prospecting is entitled to 50% of past and future royalties from the Hope Downs iron ore project.The decision was handed down on April 15, 2026, concluding a decade-long legal dispute.Justice Jennifer Smith found that Hancock Prospecting and Rio Tinto, joint operators of the Hope Downs mines, are jointly liable for royalty payments to Wright Prospecting.However, the court dismissed claims by Gina Rinehart's children and Wright descendants to ownership shares in the mines.The ruling means Wright Prospecting will receive potentially hundreds of millions of dollars in royalties from the lucrative Pilbara mining... [Continue Reading]
360LiveNews | 15 Apr 2026 04:36 LONDON
