Hints and tips:
...Rinehart is embroiled in a court case with her son John Hancock, who has accused his mother of “calculated and deliberate fraud” by removing assets from the family trust to increase her personal wealth....
...john.gapper@ft.com...
...Rinehart, an iron ore magnate, then moved to spoil another lithium takeover, this time in the Pilbara....
...Billionaire Gina Rinehart is teaming up with Chile’s SQM in a $1.1bn deal for Azure Minerals amid a scramble for control of Australia’s lithium resources....
...Rinehart, a mining magnate known for being Australia’s richest person, is an “honorary Trumpette”, Kramer explains....
...The latter echoes how John Malone, the cable billionaire, built a stake in his longtime rival Murdoch’s News Corp, a move that led the latter to sell DirectTV and adopt a poison pill....
...His move was an attempt to unshackle his country’s news cycle from the dominance of the Rupert Murdoch-controlled News Corporation and of Fairfax Media, then owned by mining magnate Gina Rinehart....
...“Under the Hancock JV offer the core Kidman business will remain intact and the Kidman staff and legacy will be looked after,” said John Crosby, chairman of Kidman....
...Ms Rinehart owns iron ore, coal and faming businesses and had planned to add the Kidman Estate creating the largest diversified cattle holding in Australia....
...Back at John Cook’s farm the sun is setting and he has to go and help his son milk the cows....
...Gui’s investments in the Antipodes include a partnership with mining magnate Gina Rinehart on a A$365m investment into the country’s largest private landholding....
...Battles for control But as she stands on the brink of achieving her life-long ambition, Mrs Rinehart’s difficult relationship with her two eldest children, John Hancock and Bianca Rinehart, threatens to...
...The plaintiffs, John and Bianca, brought proceedings for the removal of Ms Rinehart as trustee for misconduct. Ms Rinehart resigned shortly before that hearing was due to take place....
...John and Bianca Rinehart recently began a separate court action disputing the ownership of shares and assets in their mother’s business interests....
...John Klepec, the chief development officer of Hancock Prospecting, said the insurance policies had been one of the “key issues” raised by Mr Corbett in discussions with Mrs Rinehart....
...Fairfax newspapers have been among the most aggressive to pursue the story of Ms Rinehart’s family feud. The Australian Financial Review carried a statement last week from her son, John Hancock....
...When Kevin Rudd swept to power in late 2007, as the giant killer who ended John Howard’s 11-year reign as conservative prime minister, he promised to modernise Australia, spur the country’s economic growth...
...Steve Rinehart, BP spokesman, said BP intended to meet the terms of the order....
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