City Hancock Financial News

01.08 / 19:33

UPS Strategy RIO show stage Sibling emails reveal battle for Rinehart family trust

Private emails between some of Gina Rinehart’s children discussing extraordinary plans to mount a legal bid against their mother almost 20 years ago have been aired in the WA Supreme Court in a high-stakes legal battle over billions of dollars in mining royalties.

31.10 / 14:07

Provident Racing economy reports Department Rinehart’s Hancock Prospecting posts $5b profit

Gina Rinehart’s Hancock Prospecting warned that Australia was falling behind in the race to attract investment in downstream minerals processing as the nation’s richest person exerts her influence on Western Australia’s lithium industry.

11.10 / 08:43

FLEX RIO Albemarle track Liontown shares slump as Rinehart flexes muscle

The Liontown Resources share price has slumped in a sign investors see little hope for Albemarle’s $6.6 billion takeover tilt at the lithium play after Gina Rinehart boosted her stake to 19.9 per cent.

26.09 / 14:09

UPS Provident Target Progressive Experts Albemarle Albemarle tick for Liontown’s ‘risky’ lithium project

New York-listed Albemarle has had its teams out on-site running the rule over Liontown Resources’ flagship lithium project and raised no red flags, according to sources close to a $6.6 billion takeover deal.

15.08 / 15:27

Aware show cover ‘Leave me alone’: Lang Hancock’s 1989 plea to daughter Gina Rinehart

Pilbara legend Lang Hancock pleaded with his daughter, Gina Rinehart, to stop a barrage of criticism over his business and romantic dealings, asking her to “leave me alone to live the rest of my life in peace” as their relationship broke down in the late 1980s, a court has heard.

10.08 / 00:11

UPS COMPOSITE show cover 30-year-old memo challenges Wrights’ claim to Rinehart cash

The family of mining pioneer Peter Wright has known for decades that it has no claim to the billions of dollars flowing from Hancock Prospecting’s Hope Downs iron ore mines, lawyers claim.

08.08 / 19:19

UPS Provident letter Hancock letter reveals mining magnate sought to avoid heir dispute

Mining magnate Lang Hancock wrote to the family of his business partner Peter Wright prophetically stating he wanted a clean division of their partnership’s assets to avoid “grey areas for our respective heirs to argue about”.

07.08 / 19:21

RIO Deal Rinehart rival trying to rewrite deal worth billions, court told

A claim by a family owned company for royalties flowing from Gina Rinehart’s Hope Downs mine relies on a “futile attempt to rewrite” a key deal between Lang Hancock and Pilbara pioneer Don Rhodes, lawyers for Hancock Prospecting say.

04.08 / 06:49

Provident RIO cover exclusive Trove of telexes and letters shapes the battle for Rinehart billions

The first two weeks of the long-awaited court showdown between the billionaire descendants of Australian mining pioneers would have been tough to watch for the country’s richest person, Gina Rinehart.

31.07 / 07:07

Provident Man country Lang Hancock exaggerated his role in WA mining history, court told

Pilbara icon Lang Hancock exaggerated his role in the development of the West Australian mining industry and minimised the contribution of his associates, a court has been told.

28.07 / 04:37

UPS Citi Man Fighting Highways The Pilbara’s forgotten man stakes a claim to Hancock millions

The high-stakes, multi-billion dollar battle over mining royalties that hit court this week invokes some of the names most synonymous with Australia’s resources industry: Lang Hancock, Peter Wright, Gina Rinehart.

26.07 / 00:05

UPS Discover RIO show letter Bombshell letter shows Rinehart ‘knew for decades’ about rival’s share

A 37-year-old letter penned by Lang Hancock could prove that his daughter, Gina Rinehart, has known for decades that a now-rival family has a claim to a share of lucrative mining tenements developed by her company in West Australia’s Pilbara.

24.07 / 22:51

Telegram Remark Discover RIO show ‘Loyalty, trust’: Simple proposition at heart of WA’s biggest case

Mining pioneer Peter Wright did his share of heavy lifting when he and Pilbara icon Lang Hancock set about building what would become a multibillion-dollar iron ore empire, a court heard on Monday. So Wright’s descendants should share equally in the royalty payments that still flow from their partnership, their lawyer said.

12.02 / 15:35

Blockchain Provident Assurant Bitcoin MP Matt Hancock believes United Kingdom ‘should be the home to cryptocurrencies’

As the United Kingdom breaks away from the rest of the European Union, one Member of Parliament believes it could foster the growth of the country’s cryptocurrency industry while also making it more inclusive.

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