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Australia: Mining corporation Rio Tinto has blocked a bid by Australian billionaire Len Buckeridge to win control of its gypsum deposits near Carnarvon, Western Australia by announcing it is restarting its ancillary operations at its mine.

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Len Buckeridge has has shown yet again that it can be vexing to die with a fortune tied up in businesses with shedloads of valuable, illiquid assets.

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Australia: Len Buckeridge, Australia's 19th richest person, died of a heart attack at the age of 77 on 11 March 2014. The billionaire owner of Buckeridge Group of Companies (BGC), was a well-known and long-standing character in the Australian construction industry.

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GCW143 - Cement industry news from Global Cement

Australia: Len Buckeridge, Australia's 19th richest person, died of a heart attack at the age of 77 on 11 March 2014. The billionaire owner of Buckeridge Group of Companies (BGC), was a well-known and long-standing character in the Australian construction industry.

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Sixteen of them are 70 or over, including Len Buckeridge, who is fighting for his life. Another longtime billionaire, Richard Pratt , lost his battle with cancer in late April, at age 74.

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The 20 Richest People in Australia - EzineArticles

Len Buckeridge is synonymous with BGC Group, a major home builder in Western Australia. Apparently economic downturns mean nothing to him; 2009 was a year of big projects including the construction of a $200 million private port.

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