Original article by Leo Shanahan
The Australian – Page: 21 : 17-Sep-14

A court decision will reduce iron ore royalties for Hancock Prospecting and Wright Prospecting by $A80 million. The companies wanted $A200 million from Rio Tinto, in a dispute stemming from royalty agreements made in the 1960s with Hamersley Iron, now a subsidiary of Rio Tinto. Part of Rio’s appeal was dismissed, but the court found that the joint venture Hanright was not entitled to royalties from the Channar agreement

CORPORATES
RIO TINTO LIMITED – ASX RIO, HANCOCK PROSPECTING PTY LTD, WRIGHT PROSPECTING PTY LTD, HAMERSLEY IRON PTY LTD, HIGH COURT OF AUSTRALIA