Mining billionaires take $750m Liontown hit
Gina Rinehart and Tim Goyder’s investments in lithium hopeful Liontown Resources have taken a massive hit following a failed takeover bid by US giant Albemarle.
Gina Rinehart
$7m black hole: Rinehart’s bombshell Swimming Australia claims
As crisis-torn Swimming Australia faces the threat of expulsion from its sport, former billionaire sponsor Gina Rinehart dropped a funding bombshell which could prove to be the final nail in the governing body’s coffin.
Liontown raising $365m at around $1.80/share
The group, which counts billionaire Gina Rinehart as its biggest shareholder, is raising equity to fund its Kathleen Valley project in Western Australia.
Liontown brings in Bell Potter on raise
The Tim Goyder-backed Liontown has been sounding out investors for their appetite to buy shares at $1.50 to $2.50 a share.
Liontown’s rush for funding as Albemarle deal breaks down
Albemarle’s Liontown deal is dead, but that doesn’t mean the company’s Australian lithium hunt is over.
Liontown takeover at risk as Hancock maxes out its stake
The proposed $6.6bn takeover of Liontown Resources by Albemarle has almost certainly been stymied, with Gina Rinehart’s Hancock Prospecting moving to a 19.9 per cent stake.
ASX up; Rinehart ups Liontown stake
Gina Rinehart’s Hancock Prospecting has 19.9 per cent of Liontown. CSL avoids first strike. Profit fall, outlook weighs on BoQ. Qantas gains on chair exit.
Hancock’s Liontown stake soars past $1bn
Gina Rinehart’s Hancock Prospecting has teased more share purchases even as it moves to a dominant position on the register of takeover target Liontown Resources.
Rinehart doubles down with Liontown raid
Hancock Prospecting has gone on another $152m share raid, potentially buying up a large enough stake to stymie Albemarle’s $6.6bn takeover bid of Liontown Resources.
Competing bid for Liontown unlikely
A competing takeover offer for Liontown Resources is unlikely analysts say, raising questions about the endgame for Albemarle’s bid rival Hancock Prospecting.
Gina Rinehart’s Hancock ups Liontown stake again
Hancock Prospecting continues to creep up the share register of takeover target Liontown Resources.
ASX quarterly fall; Rinehart ups Liontown stake
ASX 200 has worst month in a year, down 3.5 per cent. Hancock Prospecting’s Liontown stake at 12.36 per cent. Fresh barbs in battle to control pubs giant Endeavour. Core soars. BoQ flags $79m hit, 250 job cuts.
Rinehart tips another $132m into takeover target Liontown
Gina Rinehart’s Hancock Prospecting has built its stake in takeover target Liontown Resources past 10 per cent following a $132m share raid, posing the question – what’s the end game?
WA mining billionaires extend their lithium reach
Chris Ellison’s Mineral Resources has cemented its influence over Delta Lithium as part of a major boardroom shake-up.
ASX rises, consumers hurting
Mining and health care gains offset energy and financial falls. Consumer confidence falls 1.5 per cent, but uptick in business conditions. Liontown dips after Gina Rinehart’s share raid.
Rinehart confirms raid on Liontown Resources
Gina Rinehart has positioned herself as the kingmaker in Albemarle’s $6.6bn takeover bid for Liontown Resources.
Rinehart play heralds lithium endgame
If Gina Rinehart is buying Liontown Resources shares, there’s probably more at stake than a single takeover play.
Huge Liontown share trades fuel talk of rival bid
The takeover target has seen an unusual 87 million shares traded on Thursday, with sources pointing to mining billionaire Gina Rinehart. But Andrew Forrest could also be lurking.
$56bn revenue surge: Top 500 private companies revealed
Revenue for Australia’s largest 500 unlisted businesses defied economic challenges to growth by one fifth in the last financial year. See who made the list.
Rinehart’s tomes of endearment
Australia’s first liberal arts tertiary education college, Campion College, in Sydney’s west, has named its new library after Gina Rinehart.
Original URL: https://www.theaustralian.com.au/topics/gina-rinehart/page/6