The Guardian Australia
·general
·1 day ago
Hancock Prospecting to pay over $220 million in mining royalties dispute
Gina Rinehart's Hancock Prospecting must pay hundreds of millions to Wright Prospecting after losing a long court battle over mining royalties in Western Australia. The court awarded Wright Prospecting half of past and future royalties from the Hope Downs and East Angelas tenements, estimated at over $220 million. Rinehart retains ownership of the tenements but faces increased payments.
Summary by Glance · The Guardian Australia
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