Hancock Prospecting lifts stake in Australia's Arafura Rare Earths

Reuters

2025/10/29

Hancock Prospecting lifts stake in Australia's <a href="https://laohu8.com/S/ARU.AU">Arafura Rare Earths</a>

Oct 29 (Reuters) - Billionaire Gina Rinehart's Hancock Prospecting has raised its stake in Australia's Arafura Rare Earths ARU.AX to nearly 15.7%, the latter said on Wednesday while announcing an around A$475 million ($308.65 million) placement via two tranches.

($1 = 1.5389 Australian dollars)

(Reporting by Sneha Kumar in Bengaluru; Editing by Alan Barona)

((Sneha.Kumar@thomsonreuters.com))

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