|Mining Heiress Digs Up £1bn|
THE world’s richest woman, who last year urged the less fortunate to “stop whingeing”, has been forced to reveal details of her business dealings.
Gina Rinehart, who inherited the Australian mining operation founded by her father, Lang Hancock, is worth $18bn (£11bn) according to Forbes magazine.
The Australian Securities & Investments Commission has been pressing Rinehart to reveal the performance of Hancock Prospecting, a private firm that owns vast tracts of iron ore in Western Australia. She had refused.
But in filings published on Friday, it was revealed that Hancock banked profits of A$1.9bn (£1.2bn) in 2010 and 2011, a period when the iron ore price more than doubled.
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Published on our website on January 7, 2013