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August 11, 2017

Billionaire faces down tiny fly; Family offices looking to brands, Spanish assets; and Costco founder Jeff Brotman dies suddenly

Billionaire faces down tiny fly

Australia’s richest woman is having her ambitions to export cattle to China foiled by a tiny fly.

Mining billionaire Gina Reinhart wants to ship 300,000 live cattle to China each year, to feed the country’s burgeoning middle class.

July 17, 2015

Africa is set to become a powerhouse of luxury goods and fashion, now that the global narrative on its social and economic wellbeing is beginning to change. Michael Finnigan reports on one Zimbabwean family business looking to capitalise on the growing interest in the continent

November 17, 2014

It’s like a fairy tale, but the story of the Blue Moon Diamond is true. In January of 2014, an extraordinary rock created approximately one billion years ago, in the depths of the earth was released from its long sleep from a half mile down in the darkness of the Cullinan Mine in South Africa. 

It’s like a fairy tale, but the story of the Blue Moon Diamond is true. In January of 2014, an extraordinary rock created approximately one billion years ago, in the depths of the earth was released from its long sleep from a half mile down in the darkness of the Cullinan Mine in South Africa.

August 5, 2013

Australian mining magnate Gina Rinehart has offered an olive branch to her two children that are taking civil court action against her regarding the management of the family wealth and controlling shares in the family business.

Australian mining magnate Gina Rinehart has offered an olive branch to her two children that are taking civil court action against her regarding the management of the family wealth and controlling shares in the family business.

In an open letter to siblings John Hancock and Bianca Rinehart, the businesswoman – who at an estimated net worth of AUS$22 billion (€14.7 billion) is the country’s richest woman – said she was willing to appoint a co-trustee to the family trust.

February 22, 2013

Financier Nat Rothschild has failed in his bid to replace the board of Bumi, the ill-fated FTSE 250 coalminer he co-founded in 2010 with Indonesia’s Bakrie family.

Financier Nat Rothschild has failed in his bid to replace the board of Bumi, the ill-fated FTSE 250 coalminer he co-founded in 2010 with Indonesia’s Bakrie family.

On 21 February Rothschild attended Bumi’s extraordinary general meeting in London, arriving with his mother, Lady Serena Rothschild, and leaving with 19 out of 22 of his resolutions rejected by shareholders.

Possibly the most important resolution – Rothschild’s proposed appointment as executive director of the board – was rejected by 63% of investors.

November 4, 2011

The Oppenheimer family is relinquishing control of De Beers, as it has agreed to sell its 40% stake in the world’s largest diamond company to mining group Anglo American.

The Oppenheimer family is relinquishing control of De Beers, as it has agreed to sell its 40% stake in the world’s largest diamond company to mining group Anglo American.

The UK-based miner, which is listed in both London and Johannesburg, will pay $5.1 billion (€3.7 billion) to the Oppenheimer family to increase its stake in De Beers to between 75% to 85%, from 45% currently. The exact figure will depend on whether the government of Botswana exercises an option to increase its own 15% stake.

March 2, 2008

Groupe Melkonian began as a repair workshop whose customers included The Rolling Stones. Then Jacques Melkonian discovered underground mining and, second-generation chairman Geneviève Rambaud tells Bertrand Gobin, the family has never looked back

Groupe Melkonian began as a repair workshop whose customers included The Rolling Stones. Then Jacques Melkonian discovered underground mining and, second-generation chairman Geneviève Rambaud tells Bertrand Gobin, the family has never looked back

You won't find its logo displayed along the sides of roads; consumers have never seen its products in shops; and none of its brands are seen in adverts on TV. The least one can say about Groupe Melkonian is that it knows how to be discreet. 

July 1, 2006

The Callejas family have suffered and survived both political and economical instability as a family business in Chile. Hard work and determination have ensured they remain a leading player in the mining industry, as Gonzalo Jiménez and Albert von Appen reveal

Gonzalo Jiménez is executive director FBN Chile and Albert von Appen is Professor & Director Family Business Center, Universidad Adolfo Ibañez.

The Callejas family have suffered and survived both political and economical instability as a family business in Chile. Hard work and determination have ensured they remain a leading player in the mining industry, as Gonzalo Jiménez and Albert von Appen reveal

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