Rinehart rewards loyal followers

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Billionaire mining magnate Gina Rinehart has appointed climate-change skeptic Ian Plimer and her favourite daughter Gina to the board of Hope Downs Iron Ore.

In the latest reshuffling of family power Rinehart also removed her estranged daughter Bianca from the board of Mulga Downs.

Hope Downs Iron Ore is behind the Hope Downs mine in Western Australia’s Pilbara, which has been developed in a 50:50 joint venture with Rio Tinto.

Like most other Pilbara operations the mine is making ambitious expansions, planning on expanding its capacity by 50 per cent from the end of this year.

Plimer is a vocal opponent of climate change in Australia, and has been leading the debate with Rinehart against the Gillard Government’s carbon tax.

According to The Australian Plimer has also been appointed to the boards of two other Rinehart family companies.

Gina Rinehart is the only of Rinehart’s four children to take her side in the court dispute over the multi-billion dollar family trust.

Last year Bianca Rinehart, Hope Rinehart Welker, and John Hancock won the first step of their battle with the NSW Supreme Court ruling the battle would be heard in court.

Image: Business Standard

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