https://newsletter.mw.creamermedia.com

Rinehart doubles stake in Arafura Rare Earths

Gina Rinehart

Gina Rinehart

29th October 2025

By: Reuters

  

Font size: - +

Australia's richest person Gina Rinehart has doubled down on her holdings in Australia's Arafura Rare Earths, even as shares of the developer fell by more than a fifth of its value on Wednesday due to a discounted share placement.

Rinehart's Hancock Prospecting has raised its stake in Arafura to nearly 15.7% with a commitment of around A$125-million ($81.22-million).

It previously held a 7.19% stake in Arafura, according to data compiled by LSEG.

Arafura said it will raise around A$475-million via a two-tranche placement at an offer price of A$0.28 a share.

The placement price represents a more than 25% discount to its last close on Tuesday, sending shares 22.7% down to A$0.29 in its weakest trading session since June 2021.

The stock touched its lowest level since October 10.

In addition to the placement, the company is also undertaking a share purchase plan to raise about A$50-million at the same share price.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 
Lilak Aluminium
Lilak Aluminium

For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (20/03/2026)
6th March 2026 By: Martin Creamer
Platinum demand, hydrogen economy make headlines
Platinum demand, hydrogen economy make headlines
6th March 2026
Magazine round up | 06 March 2026
Magazine round up | 06 March 2026
6th March 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.049 0.128s - 121pq - 2rq
Subscribe Now