Pursuits

Billionaire Rinehart Wins Royalty Court Battle With Rio Tinto

Dispute related to a 1970 agreement on iron ore deposits
High Court of Australia says Rio unit liable to pay royalties

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By David Stringer

October 14, 2015 at 1:02 AM UTC

This article is for subscribers only.

Billionaire mining magnate Gina Rinehart won an appeal in Australia’s High Court requiring Rio Tinto Group to pay royalties from two iron ore mines in the nation’s ore-rich Pilbara region.

Rio’s Mount Bruce Mining Pty unit is liable to make payments to Rinehart’s Hancock Prospecting Pty and Wright Prospecting Pty from both the Eastern Range and Channar mines, the court said Wednesday in a judgment summary.