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Rinehart

December 20, 2013

Billionaire Australian mining tycoon Gina Rinehart has received a cash injection for her AUD$10 billion (€6.5 billion) Roy Hill mining project from the Export-Import Bank of the United States.

Billionaire Australian mining tycoon Gina Rinehart has received a cash injection for her AUD$10 billion (€6.5 billion) Roy Hill mining project from the Export-Import Bank of the United States.

The bank – a federal agency designed to support private enterprises – authorised a $694.4 million (€451 million) loan to the mine in western Australia on the condition Roy Hill buys its equipment from US firms.

October 3, 2013

Australian mining tycoon and one of the world's richest women Gina Rinehart is planning to step down as head of her family's trust – possibly ending her two-year feud with two of her four children. 

Australian mining tycoon and one of the world's richest women Gina Rinehart is planning to step down as head of her family's trust – possibly ending her two-year feud with two of her four children.

Three of her children had launched a lawsuit to remove their mother as trustee of the multi-billion dollar Hope Margaret Hancock Trust in 2011 after she changed its vesting date to 2068 just days before it was due to pay out.

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.

March 12, 2013

Gina Rinehart, Australia's richest woman, can breath a small sigh of relief knowing she has one less family member to fight in an ongoing legal dispute. 

Gina Rinehart, Australia's richest woman, can breath a small sigh of relief knowing she has one less family member to fight in an ongoing legal dispute.

Rinehart has reached a financial settlement with her estranged daughter Hope Rinehart Welker – one of three of her children involved in litigation to remove her as sole trustee of their trust fund.

February 12, 2013

Famously one of the most private of family business heads, Gina Rinehart is unlikely to be pleased by the news that her life is to be dramatised on Australian television screens from 2014. The executive chairwoman of Hancock Prospecting and Australia’s richest person will be the main character in the tentatively titled Mother Monster Magnate.

Famously one of the most private of family business heads, Gina Rinehart is unlikely to be pleased by the news that her life is to be dramatised on Australian television screens from 2014. The executive chairwoman of Hancock Prospecting and Australia’s richest person will be the main character in the tentatively titled Mother Monster Magnate.

October 31, 2012

Australia’s richest woman, Gina Rinehart, has received a blow after a court ruled that a lawsuit brought against her by her three children couldn’t be dismissed.

Australia’s richest woman, Gina Rinehart, has received a blow after a court ruled that a lawsuit brought against her by her three children couldn’t be dismissed.

The ruling comes on the back of a dispute among Rinehart family members. Three of the mining tycoon’s four children – John, Hope and Bianca – want to remove Rinehart from her role as the sole trustee of the family trust.

September 28, 2012

Life appears never to be dull for Gina Rinehart, the world’s richest woman and head of mining family business Hancock Prospecting, who is now facing a legal challenge over her ownership of the family’s assets.

Life appears never to be dull for Gina Rinehart, the world’s richest woman and head of mining family business Hancock Prospecting, who is now facing a legal challenge over her ownership of the family’s assets.
 

May 9, 2012

In a new twist to the ongoing feud in Australia’s Rinehart family, the children of Gina Rinehart, the country’s richest person and head of the family’s mining business, can now claim their share of the family trust, but it may come at a price.

In a new twist to the ongoing feud in Australia’s Rinehart family, the children of Gina Rinehart, the country’s richest person and head of the family’s mining business, can now claim their share of the family trust, but it may come at a price.

Rinehart, who personally owns 75% of Hancock Prospecting, has changed the vesting date of the family trust from 2068 to April 2012, according to reports in the Australian press.

March 9, 2012

Gina Rinehart, Australia’s richest person, has lost a legal battle to keep details of a family feud private, leading to controversial email exchanges with her children being published in the Australian press.

Gina Rinehart, Australia’s richest person, has lost a legal battle to keep details of a family feud private, leading to controversial email exchanges with her children being published in the Australian press.

On 9 March, the High Court of Australia upheld a ruling by an appeals court that allowed documents about the case to be made publicly accessible. The case revolved around the management of the family’s trust – three of Rinehart’s four children took her to court accusing her of allegedly abusing her role as trustee of the fund.

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