Original article by Andrew Burrell
The Australian – Page: 6 : 24-Jun-14
Supreme Court of New South Wales judge Paul Brereton will on 24 June 2014 hear more on the suit brought by John Hancock and Bianca Rinehart against their mother, mining heiress Gina Rinehart. The issue is the latter’s control of a family trust that owns 23.4% of Hancock Prospecting and a stake worth $A10bn in the Hope Downs iron ore tenements. The daughter will argue that she is qualified to act as the new trustee after her mother has stepped down, and that to appoint someone from outside the family may trigger a clause under which partner Rio Tinto would acquire all of Hope Downs
CORPORATES
RIO TINTO LIMITED – ASX RIO, HANCOCK PROSPECTING PTY LTD, HOPE DOWNS IRON ORE PTY LTD, HOPE MARGARET HANCOCK TRUST, SUPREME COURT OF NEW SOUTH WALES