7 News
·general
·3 hours ago
Wright Prospecting wins court ruling, set to receive $14 million annually
Wright Prospecting won a partial court ruling against Hancock Prospecting on Wednesday, entitling it to 50 percent of past and present royalties from the Hope Downs iron ore operation. The decision mandates Hancock to pay around $14 million per year to Wright and about $4 million to DFD Rhodes, based on prior agreements.
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