Rio Tinto negotiated a liability agreement likely to cap its payout exposure if Gina Rinehart loses a multibillion-dollar legal battle with another of Australia’s richest women.
Key details of a confidential deal between Rio Tinto and Hancock Prospecting over the Hope Downs mining project have slowly emerged in the West Australian Supreme Court fight that pits Rich List titan Mrs Rinehart against billionaire Angela Bennett and her family.
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
