These are external links and will open in a new window When Rinehart took over Hancock Prospecting, her total wealth was estimated at In 1973, at age 19, Rinehart met Englishman Greg Milton while both were working in Wittenoom. First ore was removed for stockpiling at [...]Iron ore has made Australia’s Georgina Rinehart one of the world’s richest people with a fortune estimated at $17 billion but to grow even richer by developing a big new iron ore mine she might need the help of the U.S. government. Australia's richest person, mining magnate Gina Rinehart, loses control of the family trust to her daughter, after a long-running legal battle. The complete list is available here as well [...]It's been a good news-bad news sort of day for Gina Rinehart, Australia's richest person, with mining starting at a new iron ore project in which she has a 70% interest just as the iron ore price drops to its lowest in five years. Georgina Hope "Gina" Rinehart is an Australian mining heiress, counted amongst the richest women in the world. 1 spot on the 2017 Forbes Australia Rich List after a near doubling of her wealth to US$16.6 billion since last year’s list. Subscribe now and get unlimited access to award-winning journalism from Western Australia’s biggest newsroom and across the state. He ordered Mrs Rinehart to hand over trust documents to Bianca. Gina Rinehart family trust trial due to begin By court reporter Jamelle Wells Posted Mon Monday 7 Oct October 2013 at 8:46pm Mon Monday 7 Oct October 2013 at 8:46pm , … Gina Rinehart's Family Drama Could Threaten Her Empire. Rinehart was born on 9 February 1954 at St John of God Subiaco Hospital in Perth, Western Australia. Gina Rinehart family trust feud explained Updated June 27, 2014 19:14:05 Photo: Gina Rinehart has offered to step down as the trustee of the family … The good times were represented by the start of loading the first shipment of iron ore from her 70%-owned Roy Hill mine in Western Australia. She briefly studied economics at the University of Sydney, before dropping out and working for her father, gaining an extensive knowledge of the Pilbara iron-ore industry… She heads up Hancock Prospecting - an iron ore trader.

Follow updates here.Australian gold miners are extending the life of their mines with the stroke of a pen by raising their gold price assumptions.Clive Palmer and the West Australian government are headed for a High Court showdown over mining tenementsThe regulator has suspended its decision-making time frame as Lynas races against the clock to build a new rare earths processing plant in Western Australia.Industry associations must advocate 'constructively' on climate policy and avoid contentious issues such as Kyoto carry-over credits if they want BHP as a member.The mineral sands miner is set to begin producing ready-for-processing rare earths material and has raised the prospect of building its own plant in Australia. She is the only child of Hope Margaret Nicholas and Lang Hancock. It was set up by her grandfather and is worth more than A$4bn ($3.1bn; £2bn).Mrs Rinehart's children John Hancock and Bianca Rinehart launched the legal action against their mother in 2011.They said she had acted "deceitfully" in her dealings with the trust.Their sister, Hope Rinehart Welker, launched the suit with them but later dropped out. Abigail Johnson: $15.9B 8. The richest person down under has a net worth of $11.7 billion. The court found Bianca Rinehart better suited to administer the trust than any of the other alternatives Rinehart – Family Profile. )At the time, it said, Mr Hancock was making claims and threats of litigation ... about wrongdoing on the part of Mrs Rinehart, Hancock Prospecting and others.“It is clear that the arbitral clauses, construed in context, include as their subjects the validity claims,’’ the court said in a statement.“It could not have been understood by the parties to the deeds that any challenge to the efficacy of the deeds was to be determined in the public spotlight.”Mr Hancock bequeathed 51 per cent of Hancock Prospecting to Gina and 49 per cent to her four children, Bianca, John, Hope and Ginia to be held in the Hope Margaret Hancock Trust.