Indian infrastructure giant GVK Group will pay Gina Rinehart's Hancock Prospecting $1.26 billion for most of the company's coal and infrastructure projects in Queensland's Galilee Basin.
Gina Rinehart hates the label "Australia's richest person". How will she, and the rest of the country react when (not if) she ranks as the "world's richest"- as can be forecast using the latest research.
Gina Rinehart's Hancock Prospecting says its plan to become the first company to export thermal coal from Queensland's Galilee Basin is on track, with the first shipment from the trial Alpha mine set to be shipped to a Korean power station on June 26.
The Ten Network has announced Gina Rinehart, along with James Packer and Lachlan Murdoch will take up their seats on the television station's board next week.
