Investing News Network - Australia reposted this
As with many of the world’s most successful #billionaires, Gina Rinehart has developed an investment strategy based on strategic partnerships as well as diversification to mitigate risk and build value. Shortly after the investment with ENAMI, Rinehart's Hanrine made another play in Ecuador by striking an earn-in agreement with Titan Minerals Ltd (ASX:TTM) for up to an 80 percent ownership stake in the explorer’s Linderos copper-gold project contingent on up to AU$120 million in exploration spending. Linderos is an early-exploration stage project with the potential to host a large-scale copper porphyry system. Hanrine has made an initial investment of AU$2 million for a 5 percent stake. Gina Rinehart’s rare earth investments show she is looking to capitalise on the significant need for these critical metals outside of China. Through Hancock Prospecting, Rinehart has recently taken positions in some of the world’s most well known rare earths producing companies — US-based MP Materials and Australia’s Lynas Rare Earths Ltd — as well as development-stage Arafura Rare Earths Limited and exploration-stage Brazilian Rare Earths Limited (ASX:BRE). Gina Rinehart has made a flurry of lithium investments over the past year, including in Azure Minerals Limited’ Andover lithium project, Liontown Resources Limited, Delta Lithium Limited (ASX:DLI) and Vulcan Energy Resources (ASX:VUL). In February 2023, Hancock Prospecting won a protracted bidding war for the then-public Warrego with Warrego's joint venture partner Strike Energy (ASX:STX) for a price of AU$0.36 per share. Warrego and operator Strike Energy maintain their 50/50 joint venture on the West Erregulla onshore gas field within exploration permit EP 469 near Perth in WA. Gina Rinehart’s iron ore investments in Western Australia extend beyond Roy Hill and Hill Downs to its subsidiary Atlas Iron’s three producing mines and a pipeline of development projects, as well as an earn-in agreement on Legacy Iron Ore Limited (ASX:LCY) and Hawthorn Resources’ (ASX:HAW) Mt Bevan project through its subsidiary Hancock Magnetite Holdings. #miningstocks #asxstocks #ginarinehart