Gina Rinehart's Hancock Prospecting Profit Slides
Billionaire businesswoman Gina Rinehart has received a $1.4b payout from her private mining company, Hancock Prospecting, despite the company's profit sliding to its lowest since 2020.
Hancock Prospecting, controlled by Rinehart and her four children via a trust, mined less iron ore and earned less revenue due to softer prices and weather disruptions to production.
A dispute about the trust has frozen $6.4b of dividends.
A dispute about the trust has frozen $6.4b of dividends.
Rinehart pocketed half the dividend she received last year from her flagship iron ore operations.
Author's summary: Gina Rinehart receives $1.4b payout amidst profit slide.
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