Hancock Prospecting has thrown its founder Lang Hancock under the bus, claiming he breached his director's duty while married to Rose Porteous, during a Supreme Court trial.
Peter Wright's children allegedly knew about Hancock Prospecting's interest in disputed Pilbara tenements for more than 20 years before starting legal action, the Supreme Court of WA has heard.
Hancock Prospecting has called Wright Prospecting's reading of a 1987 agreement a "legal absurdity" during a Supreme Court trial over billions of dollars in iron ore royalties.
Hancock Prospecting has made its opening submissions during a trial over billions of dollars worth of iron ore royalties, starting off by rebutting claims made by DFD Rhodes.
Bianca Rinehart backflipped on her initial resistance towards siding with her brother John Hancock to fight their mother, Gina Rinehart, the Supreme Court of WA has heard.
Their descendants are fighting in a costly legal showdown, but mining pioneers Lang Hancock, Peter Wright, and Don Rhodes were friends who trusted each other, the Supreme Court of WA has heard.
The spotlight has moved to another WA mining pioneer, Don Rhodes, as DFD Rhodes makes its opening submissions during a lengthy court trial over billions of dollars in iron ore royalties.
Lawyers for Wright Prospecting continue to unearth correspondence exchanged over 40 years, alleging Hancock Prospecting and Gina Rinehart had always known about royalties payment, during a Supreme Court trial.
Wright Prospecting has rubbished Hancock Prospecting's claim that it took on significant financial expenditure and risks in developing iron ore projects on mining tenements in the Pilbara.
A lawyer for Wright Prospecting claims Gina Rinehart and her father Lang Hancock knew disputed Pilbara tenements were held on behalf of the Hancock and Wright partnership since the mid-1980s, a court heard today.
Dozens of lawyers have filled a courtroom for the start of a legal showdown between descendants of mining pioneers Lang Hancock and Peter Wright over billions of dollars in iron ore royalties.
Descendants of two WA mining pioneers are gearing up for a legal battle more than a decade in the making over iron ore royalties believed to be worth billions of dollars.
A court has rejected Gina Rinehart and her company Hancock Prospecting's claims that giving her children access to certain documents would significantly prejudice the mining magnate.
Gina Rinehart's Hancock Prospecting has fallen short of last year's mega profit, posting a $5.8 billion bottom line for 2022 as it flags new growth and investment plans.
Perth dealmaker Michael Ashforth is making a return to investment banking, seven years after he retired from Macquarie Capital to work for ‘rich lister' Angela Bennett.
Financials lodged by Wright Prospecting have divulged another solid profit for the iron ore royalties outfit, as well as the receipt of a $75 million legal settlement.
Rio Tinto and Wright Prospecting have paved the way for development of a major new, high-grade iron ore mine that will be pivotal to the future of both companies.
Mining giant Rio Tinto paid more than $1 billion in royalties to four Perth families last year as a result of deals struck by their forebears in the 1960s.
Privately-owned Perth company Wright Prospecting has posted yet another extraordinarily large annual profit as it reaped the benefits of the booming iron ore market.
The Supreme Court has dismissed an application by Hancock Prospecting for a separate trial over ownership of lucrative iron ore tenements in the Pilbara.
Ian Cochrane, one of Perth's most respected corporate lawyers and company directors, has passed away. Aged just 67 years, Mr Cochrane had been battling cancer for nearly two years.
A claim by Julian Wright for one third of his family's multi-billion dollar fortune has failed, in large part because of a $70 million deal struck 13 years ago.
A low-profile WA family that has amassed a $300 million fortune from iron ore royalties has come to prominence by developing a head office in West Perth.
Wright Prospecting has continued to generate huge profits and dividends for its low-profile Perth owners while also revealing a board restructure after the retirement of chairman Ian Cochrane.
A 2008 agreement between Julian Wright's two children and family company Wright Prospecting precluded further claims, a Supreme Court trial has been told.
Julian Wright has commenced legal action in the Supreme Court, claiming he was defrauded when he sold his share of the family company to his siblings, 'rich listers' Angela Bennett and the late Michael Wright.
Perth-based Wright Prospecting has confirmed its status as one of the country's most profitable companies, lifting its annual earnings on the back of higher iron ore prices and paying a whopping $172 million dividend to its owners.
The descendants of iron ore pioneer Peter Wright have received total dividends of $702 million over the past three years, according to recently lodged financial statements that also reveal the big legal expenses they have paid.
A Supreme Court ruling has shed light on the multi-million dollar legal bills incurred by Gina Rinehart's Hancock Prospecting and Wright Prospecting in their long-running battle over ownership of the Rhodes Ridge iron ore deposit in the Pilbara.
The estate of the late Perth mining billionaire Michael Wright is fighting a court decision that awarded $25 million to his youngest daughter, Olivia Mead, arguing the $3 million he left her was enough.
