May 22, 2026 – 11.41amGina Rinehart, Australia’s richest person, has increased her stake in taxpayer-backed Arafura Rare Earths, expanding her lucrative $3.5 billion critical minerals portfolio.Rinehart will contribute $85 million to the rare earths group’s $375 million fundraising – cash that will be used to develop a $1.6 billion mining project that underpins the Albanese government’s plans to loosen China’s chokehold over critical minerals.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Gina Rinehart backs Arafura Rare Earths $375m fundraising
The cash will be used to construct a $1.6b project near Alice Springs aimed at loosening China’s grip over the critical minerals sector.
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