Rinehart’s nine-deal spree takes her well beyond iron ore
Australia’s richest person is building a strategic-metals portfolio spanning rare earths, copper, gallium, antimony and gold.
Gina Rinehart's Hancock Prospecting has made nine disclosed mining investments in the past year, diversifying her portfolio beyond iron ore. The latest investment is A$8.77 million in White Cliff Minerals, providing a 13.5% stake in the Australian explorer and access to its Rae copper project in Canada. This run of investments has pushed Hancock well beyond its iron ore roots, now spanning strategic minerals like rare earths, copper, and gallium.
Recent deals include A$125 million in Arafura Rare Earths, a 6.26% stake in Rare Earths Americas, and a $7.95 million commitment to G50 Corp. for its Arizona and Nevada projects. Rinehart also increased her holding in Hudbay Minerals and exited SQM. The strategic metals expansion includes a $1 billion SpaceX investment.
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