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Australian magnate Rinehart takes stake in US miner MP Materials

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RARE EARTHS
US rare-earths producer MP Materials said Australian billionaire Gina Rinehart's mining firm had taken a 5.3% stake in the company, expanding her investments in the mineral ore sector. In a regulatory filing last week, the Nevada-based miner said Hancock Prospecting, owned by Australia's richest person Rinehart, holds about 8.8-million shares of MP Materials.
 
 
 
 
 

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