Legend has it that Lang Hancock drew up a handwritten note splitting the assets in two.
Billions of dollars in royalties are at stake.
The case before Justice Jennifer Smith will run for four months.
Australia’s richest person Gina Rinehart and the nation’s fourth-richest woman, Angela Bennett, square off on Monday to settle their differences in a dispute over billions of dollars in iron ore assets and royalties.
They are the billionaire daughters of two schoolmates-turned-business partners who pegged mining tenements that decades later have produced wealth beyond their wildest dreams.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
