Mining magnate Gina Rinehart on Friday laid down an ultimatum to the chairman of troubled Australia media giant Fairfax -- meet a number of performance targets or resign.

Rinehart, Fairfax's biggest

One of Fairfax Media's largest shareholders warned on Wednesday that the Australian firm's flagship titles faced closure without a major turnaround, describing them as 'worth less than nothing'.

Fund

The Queensland and Australian federal governments are all set to hold a crisis meeting on Thursday in Sydney to discuss the dispute over India's GVK Group's huge USD 6.36 billion Alpha Coal mine proje

Australia's richest person Gina Rinehart has eclipsed Wal-Mart heiress Christy Walton to become the world's wealthiest woman, according to an annual index by Business Review Weekly.

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