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Gina Rinehart's - 2 Hancock - 2 — - 1 Kirsha Kaechele - 1 Pablo Picasso - 1 Kaechele - 1 Manet - 1 Picasso - 1
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☆ Curator says she faked 'Picasso' paintings that had hung for more than 3 years in an Australian museum
  + stars: | 2024-07-14 | by ( Rebecca Rommen | ) www.businessinsider.com   time to read: +4 min
Read previewAn art museum in Australia that was embroiled in a gender dispute involving several "Picasso" paintings has admitted that the works were fake. The paintings had been at the center of a gender battle that broke out after a man from the Australian state of New South Wales took legal action against the gallery after being refused entry to the museum's "Ladies Lounge" exhibition. The exhibition contained some of the museum's most notable artworks, including some said to have been produced by the Spanish Cubist Pablo Picasso. "I knew of a number of Picasso paintings I could borrow from friends, but none of them were green and I wished for the Lounge to be monochrome. The forgery prompted a reevaluation of other works displayed in the Ladies Lounge, and Kaechele revealed that some other items were also not genuine.
Persons: —, Kirsha Kaechele, Pablo Picasso, Kaechele, Manet, Picasso, Christopher Heathcote, Heathcote, Princess, It's, Gina Rinehart's, Vincent Namatjira Organizations: Service, Business, Guardian, Picasso Administration, Tasmania's Museum of, New Locations: Australia, New South Wales, Guardian Australia, Spanish
☆ Australia billionaire raises stake in Liontown Resources to 16.7%
  + stars: | 2023-10-06 | by ( ) www.reuters.com   time to read: 1 min
Gina Rinehart poses in Western Australia in this undated handout photo obtained January 23, 2018. Hancock Prospecting/Handout via REUTERS/File photo Acquire Licensing RightsOct 6 (Reuters) - Australian billionaire Gina Rinehart's company Hancock Prospecting has increased its stake in Liontown Resources (LTR.AX) to 16.7%, becoming the largest shareholder, Hancock Prospecting said on Friday. Australia's richest person has been adding to her Liontown holdings since early September, when Albemarle (ALB.N), the world's biggest lithium producer, was granted access to Liontown's books after revising a takeover proposal. Reporting by Brijesh Patel in Bengaluru; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.
Persons: Gina Rinehart, Hancock, Gina Rinehart's, Brijesh Patel, Edmund Klamann Organizations: REUTERS, Hancock, Resources, Thomson Locations: Western Australia, Albemarle, Bengaluru
☆ Australia's Hancock Inches Towards Blocking Stake in Liontown Amid Albemarle Bid
  + stars: | 2023-10-01 | by ( Oct. | At P.M. | ) www.usnews.com   time to read: +1 min
(Reuters) - Australian billionaire Gina Rinehart's Hancock Prospecting increased its stake in lithium miner Liontown Resources, the company said, moving it closer to being able to block a $4.3 billion bid by U.S.-based Albemarle for Liontown. Hancock said on Friday it raised its stake from 10.7% last month to 12.4%, paying no more than A$3.00 per additional share. Hancock would be able to block the Albemarle deal with a 15% position. Last month, Liontown accepted Albemarle's revised $4.3 billion bid, or A$3 a share. The offer is part of a surge of interest in Australian lithium assets amid the clean energy transition.
Persons: Gina Rinehart's Hancock, Hancock, Liontown, Rinehart, Echha Jain, Melanie Burton, Cynthia Osterman Organizations: Reuters, U.S, Patriot, Metals Locations: Resources, Albemarle, Liontown, Bengaluru
☆ Cyclone Ilsa hits Australia's northwest, misses iron ore export hub
  + stars: | 2023-04-13 | by ( Renju Jose | ) www.reuters.com   time to read: +2 min
SYDNEY, April 14 (Reuters) - A tropical cyclone smashed into Australia's northwest coast as a category 5 storm, setting new wind speed records, but has largely spared populated regions including the world's largest iron ore export hub at Port Hedland, authorities said on Friday. "Port Hedland ... escaped the brunt of the cyclone at this stage. "As it moves inland and the sun comes up, we can expect it to still be a severe tropical cyclone," the weather bureau's hazard response manager Shenagh Gamble said. Ilsa is expected to weaken to a tropical low overnight and move into the southern parts of the Northern Territory. Destructive winds could hit the remote inland mining town of Telfer, where Newcrest Mining (NCM.AX) operates a fly-in-fly-out gold and copper mine.
☆ Australia's northwest braces for strongest cyclone in a decade
  + stars: | 2023-04-13 | by ( Renju Jose | ) www.reuters.com   time to read: +2 min
Cyclone Ilsa, located about 300 km (186 miles) off Australia's coast in the Indian Ocean, was on Thursday morning upgraded to a category four storm - one rung below the strongest category five. Port Hedland is the world's biggest export point for iron ore and is used by BHP Group (BHP.AX), Fortescue (FMG.AX) and billionaire Gina Rinehart's Hancock Prospecting. Rio Tinto (RIO.AX) exports out of Port of Dampier, which lies to the west of Port Hedland. It will be the strongest system to hit the country's far northwest region since Cyclone Christine crossed the coast in December 2013, weather bureau forecaster Jessica Lingard said. BHP in an emailed response said it was closely tracking the cyclone but its mining and rail operations were continuing.
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