Lang Hancock

The pair lived at Mulga Downs for many years, but Maley pined for city life and eventually left Hancock to return to Perth. Their separation was amicable. Read Less

In the mid sixties Hancock turned once more to Peter Wright and the pair entered into a deal with mining giants Rio Tinto Group to develop the iron ore find. Hancock named it "Hope Downs" after his wife. Under the terms of the deal Rio Tinto set up and still administer a mine in the area. Wright and Hancock walked away with annual royalties of A$25 million, split evenly between the two men. In 1990, Hancock was estimated by Business Review Weekly to be worth a minimum of A$125 million.

Although Lang Hancock never aspired to political office, he held strong conservative political views and often entered the political arena. In addition to his activities in the 1950s, lobbying against government restrictions on the mining of iron ore, Hancock donated considerable sums of money to politicians of many political stripes. His political views aligned most closely with the Liberal and National Parties of Australia. He was a good friend and strong supporter of Queensland Premier Joh Bjelke-Petersen and donated A$632,000 to the Queensland National Party while Sir Joh was in charge. He gave A$314,000 to their counterparts in Western Australia, but also gave the Western Australian Labor Party A$985,000; because "at least they can't do any harm". Hancock had had a falling-out with Sir Charles Court and the Western Australian Liberals and was adamant that the Liberals should be kept out of power as long as possible. Read Less