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Rinehart doubles stake in Arafura Rare Earths

Gina Rinehart

Gina Rinehart

29th October 2025

By: Reuters

  

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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

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