In a decision described by the judge as “a half-win” for each side, mining magnate Gina Rinehart has been ordered to pay hundreds of millions of dollars in royalties to the heirs of Peter Wright, the business partner of her father, Lang Hancock.
However, under the ruling, Rinehart’s company, Hancock Prospecting, will retain ownership of the iron ore mining tenements in question, Hope Downs and East Angelas.
