Why Rinehart's empire will survive the iron ore slump

As the iron prices plumbs to new depths, the challenges will only heighten for Gina Rinehart's Roy Hill project. But there are a few reasons why the house of Hancock will withstand a tough market.

Gina Rinehart’s banner investment, the Roy Hill mine, will be dealt a significant blow if the fall in the iron ore price continues into next year and beyond. But although Gina Rinehart’s wealth will decline sharply -- especially if the iron ore price falls further -- her empire will survive.

At this point, the $3 billion to $4bn that Rinehart and her partners have invested in the equity in the Roy Hill mine is worth much less than its cost. The mine is due to start production late next year.  



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