“(Wright Prospecting) have not paid a proverbial red cent to contribute towards the vast sums necessary for the exploration, maintenance and development of those licences,” Mr Hutley said. “My client has taken extraordinary commercial risks, and with extraordinary commercial acumen has turned (Hope Downs) into a valuable investment.
Read MoreLawyers for Gina Rinehart’s Hancock Prospecting have savaged the 37-year-old bombshell letter a fellow mining dynasty hailed as proof the magnate knew she had to share her iron ore billions, branding it “peripheral” evidence made redundant by a subsequent deal. But Hancock Prospecting’s lawyer Noel Hutley rubbished the characterisation, insisting it was, at best, of the most “peripheral relevance”. “If anything, it supports our case to the extent it is even relevant and we embrace it,” he told the court.
Read MoreGina Rinehart has donated $60 million to Australian Olympians, athletes and swimmers. “Mind-blowing amount of money there,” Sky News host Rowan Dean said.
Read MoreMollie O’Callaghan has lit up the world championships again – capturing Australia’s 10th gold medal and her fourth in Japan, with another mind-blowing performance. If she keeps this up – and there’s no reason to suggest she won’t – the 19-year-old will head to next Paris Olympics as one the headline attractions. But right now, any thoughts about France are a million miles away because she’s having a ball in Fukuoka, riding the crest of a wave that never looks like breaking.
Read MoreOn day 5 of the championships Mollie O’Callaghan, Shayna Jack, Brianna Throssell, and Ariarne Titmus set a new world record of 7:37.50 in the 4x200m freestyle relay. In addition to their blistering pace, the team brought Australia’s gold medal tally to nine, the nation’s highest at a world title competition since 2007.
Read MoreKyle Chalmers won the admiration of his countryman when he claimed the Olympic gold medal at Rio in 2016 while still a schoolboy. Now he is the world champion after his stunning victory in the men’s 100m freestyle at Fukuoka on Thursday. It was the one major title to have eluded him during his incredible career but now he has the full set: Olympic gold, Commonwealth Games gold, world shortcourse gold and now world championship gold.
Read MoreGINA Rinehart’s Hancock Prospecting has been quietly implementing changes this year that will reshape the way it operates. One key development was the acquisition of properties in West Perth so that staff at subsidiaries Roy Hill Holdings and Atlas Iron can be co-located with the parent company. Another key development was the creation of HanRoy, a new entity to coordinate the evaluation of all projects. Led by chief executive group projects Sanjiv Manchanda, HanRoy is currently working on more than half a dozen mining and infrastructure projects. At the same time, Gerhard Veldsman was put in charge of all mining operations, with both men reporting to Hancock chief executive Garry Korte.
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