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HOTLINE: Iron lady becomes richest woman in Asia with Posco, Roy Hill tie-up

February 03, 2012 - 10:21 GMT Location: London

KEYWORDS: iron ore , Forbes , billionaire , Gina Rinehart , Posco , Roy Hill

Iron ore billionaire Gina Rinehart has taken the title of Asia Pacific’s richest woman with the tie-up between South Korean steel giant Posco and Rinehart’s Western Australian iron ore mine, Roy Hill.

The deal, which will see Posco take a 15% stake in Roy Hill for $10 billion, has hiked Rinehart’s already sizeable fortune to a massive $18 billion, according to Forbes’ wealth tally. Rinehart is the daughter of...

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