Hancock Prospecting lifts stake in Australia's Arafura Rare Earths
28/10/2025 23:04
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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