Aussie billionaire Gina Rinehart's rare earth bets lose $478 million in value
A slide in MP Materials and Lynas shares has wiped about A$680 million ($478 million) off Gina Rinehart's rare earth investments over the past year.
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A slide in MP Materials and Lynas shares has wiped about A$680 million ($478 million) off Gina Rinehart's rare earth investments over the past year.
Hancock Prospecting is paying A$8.77 million for 13.5% of White Cliff Minerals, the copper explorer John Hancock founded and still sits on.
Gina Rinehart's Hancock Energy has struck a deal with Strike Energy to unlock the stalled West Erregulla gas field in Western Australia, with production targeted for 2029 as the state braces for tightening gas supply.
Gina Rinehart bought 8 million SpaceX shares worth $1.37 billion in the second quarter, making it her largest US-traded holding.