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☆ Gina Rinehart, a mining magnate worth $22 billion, wants her portrait removed from an Australian gallery
▼ + stars: | 2024-05-16 | by ( George Glover | Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Australia's richest woman has demanded an unflattering painting of her be taken down. The portrait, by Vincent Namatjira, shows mining magnate Gina Rinehart with a double chin. The National Gallery of Australia and Namatjira have both rejected Rinehart's request. AdvertisementAustralia's richest woman wants a portrait of her taken down from the country's national gallery, outlets including the Sydney Morning Herald reported. Both mining magnate Gina Rinehart and associates at her company, Hancock Prospecting, have made multiple approaches to the gallery with the demand, the newspaper reported.

Persons: Vincent Namatjira, Gina Rinehart, — Organizations: of Australia, Service, Sydney Morning Herald, Nations, National Gallery of Australia, Business

☆ Gina Rinehart: Australia’s richest woman seeks removal of her portrait from exhibition
▼ + stars: | 2024-05-16 | by ( Catherine Nicholls | Hilary Whiteman | ) edition.cnn.com time to read: +3 min

That certainly seems to be the case with a painting by indigenous artist Vincent Namatjira, which includes a portrait of Australia’s richest person, mining magnate Gina Rinehart. Rinehart has reportedly called for the National Gallery of Australia (NGA) to remove her portrait, one of 21 individual works that make up a single piece in Namatjira’s exhibition “Australia in Colour,” from display. The painting of Rinehart is one of 21 portraits by artist Vincent Namatjira that feature in his exhibition "Australia in Colour." Vincent NamatjiraAustralian media has reported that Rinehart approached the NGA’s director and chair to request the painting’s removal. She “remained unshakable” at the top of Forbes’ Australia’s 50 Richest list for 2024, the outlet reported in February.

Persons: Vincent Namatjira, Gina Rinehart, Rinehart, Queen Elizabeth II, Jimi Hendrix, Vincent Lingiari, Scott Morrison, “, Jackson, ” Namatjira, ”, Namatjira, Lang Hancock, She “, Forbes ’, 9News, Penelope Benton, NAVA Organizations: CNN, National Gallery of Australia, NGA, National Gallery, Hancock, Forbes, Australia’s National Association for, Visual Arts, NAVA, Gallery of Australia Locations: Australia, Canberra, American

☆ As Aussie magnates gatecrash lithium deals, bankers get creative
▼ + stars: | 2023-11-15 | by ( Melanie Burton | ) www.reuters.com time to read: +5 min

In taking the stakes, Hancock has underscored its expertise in building mining projects, while Mineral Resources has said it wants to be part of projects that will sustain its growth for decades. Hancock and Mineral Resources declined to make additional comments. As well as Liontown, Core Lithium (CXO.AX), Leo Lithium (LLL.AX) Latin Resources (LRS.AX) Patriot Metals , Chalice (CHN.AX), Centaurus (CTM.AX) and Rex Minerals (RXM.AX) have all been cited by brokers as buyout prospects. TWO-PRONGED SOLUTIONTheir deep pockets, risk appetite and Australia's competition laws means mining magnates have a home advantage against listed companies, industry sources say. One example that bankers offered in the case of SQM's bid for Azure was a two-pronged solution to erode any interloper advantage.

Persons: Gina Rinehart, Roy Hill's, Hancock, Chris Ellison, Rinehart's Hancock, Marc Upcroft, you've, Leo Lithium, Richard Lustig, Baker McKenzie, Melanie Burton, Christian Schmollinger Organizations: REUTERS, MELBOURNE, Mineral Resources, Australia's, PwC, Rex Minerals, Thomson Locations: Port Hedland, Australia, Australia's Liontown, Albemarle, Hancock, Melbourne

☆ Albemarle cuts annual forecast on slumping lithium prices
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

A lithium evaporation pond is seen at Albemarle Lithium production facility in Silver Peak, Nevada, U.S. October 6, 2022. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsNov 1 (Reuters) - Albemarle (ALB.N), the world's largest producer of lithium for electric vehicle batteries, trimmed its annual forecast on Wednesday and reported a lower-than-expected quarterly profit amid slumping prices for the ultralight metal. That is reflected in lithium prices, which have tumbled more than 60% this year. Albemarle reported third-quarter net income of $302.5 million, or $2.57 per share, compared to $897.2 million, or $7.61 per share, in the year-ago period. For the year, the company trimmed its net sales forecast to a range of $9.5 billion to $9.8 billion.

Persons: Carlos Barria, Albemarle, Hancock, Gina Rinehart, Ernest Scheyder, Chris Reese, David Gregorio Our Organizations: REUTERS, Liontown Resources, Thomson Locations: Albemarle, Silver, , Nevada, U.S, Charlotte, North Carolina, Argentina

☆ Aussie tycoon doubles down as lithium spoiler
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, Oct 30 (Reuters Breakingviews) - Lithium M&A is becoming a dangerous sport Down Under. On Friday, Hancock Prospecting, owned by Australia’s richest person Gina Rinehart, revealed it had snapped up an 18.3% stake in Azure Minerals (AZS.AX). Unlike Albemarle, it has not tied its hands by declaring the Azure bid to be its best and final offer. But SQM boss Ricardo Ramos can switch to an off-market offer and try to buy other investors’ stakes first. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Hancock, Gina Rinehart, Chile’s, Rinehart, Albemarle, SQM, Ricardo Ramos, Antony Currie, Peter Thal Larsen, Thomas Shum Organizations: MELBOURNE, Reuters, Australia’s, Minerals, Australian, Liontown Resources, Canaccord, X, Thomson Locations: Western Australia, Liontown

☆ Tycoon’s lithium grab leaves investors hanging
▼ + stars: | 2023-10-16 | by ( Antony Currie | ) www.reuters.com time to read: +4 min

Australia’s richest person has stifled Albemarle’s (ALB.N) A$6.6 billion ($4.2 billion) pursuit of lithium producer Liontown Resources (LTR.AX) with deft use of the country’s takeover rules. At A$3 a share, the offer represented a near-100% premium to Liontown’s undisturbed price. And because she never paid more than the A$3 a share Albemarle put on the table, her share purchases did not count as a superior offer. CONTEXT NEWSU.S.-based lithium producer Albemarle on Oct. 16 said it has abandoned its A$6.6 billion ($4.2 billion) offer for smaller Australian rival Liontown Resources, citing “growing complexities associated with the proposed transaction” as a reason. The firm said that in building its stake it never paid more than A$3 per share, the same price as Albemarle’s takeover offer.

Persons: Gina Rinehart, Kent Masters, Rinehart, Albemarle, Masters, Liontown, Kathleen, It’s, Hancock, Lisa Jucca, Katrina Hamlin, Thomas Shum Organizations: MELBOURNE, Reuters, Liontown, Kent, Liontown Resources, Thomson Locations: Western Australia, Hancock, Liontown

☆ Albemarle pushed into corner, dumps $4.2 billion lithium play for Liontown
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Ernest Scheyder/File Photo Acquire Licensing RightsMELBOURNE, Oct 16 (Reuters) - U.S.-based miner Albemarle (ALB.N) said it had dumped a A$6.6 billion ($4.16 billion) buyout bid for Australian lithium developer Liontown Resources (LTR.AX), in part because of "growing complexities" around the transaction. Liontown went into trading halt just after making the announcement to the market, pending a finalisation of funding for its flagship Kathleen Valley lithium project in Western Australia, which is due to start producing lithium next year. Liontown had last week granted the world's biggest lithium chemical maker an extra week to examine its books and allow Albemarle to put forward a binding offer. "Our engagement with the Liontown team has been meaningful and productive. Hancock has not yet approached Liontown which until now has been under an exclusivity deal with Albemarle, the source added.

Persons: Ernest Scheyder, Albemarle, Hancock, Gina Rinehart, Liontown, Kathleen Valley, Kent Masters, Melanie Burton, Scott Murdoch, Rishav Chatterjee, Lisa Shumaker, Sandra Maler, Jamie Freed Organizations: REUTERS, Rights, Liontown Resources, Ford Motor, LG Energy, Thomson Locations: Silver, , Nevada, U.S, Albemarle, Western Australia, Melbourne, Sydney, Bengaluru

☆ Australian billionaire Gina Rinehart accumulates 19.9% stake in Albemarle target Liontown
▼ + stars: | 2023-10-11 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +1 min

Gina Rinehart poses in Western Australia in this undated handout photo obtained January 23, 2018. Hancock Prospecting/Handout via REUTERS/File Photo Acquire Licensing RightsSYDNEY, Oct 11 (Reuters) - Australian billionaire Gina Rinehart has taken a 19.9% stake in lithium miner Liontown Resources (LTR.AX), her company Hancock Prospecting said on Wednesday, potentially hindering a takeover bid launched by U.S. mining giant Albemarle Corp (ALB.N). Hancock has steadily built its stake since September, when Albemarle Corp lodged its bid for Liontown. The U.S. miner needs 75% support from Liontown investors who vote on the deal to succeed with its bid. Under Australian takeover rules, a single shareholder must declare its intention if its stake moves above 19.9%.

Persons: Gina Rinehart, Hancock, Albemarle's, Scott Murdoch, Jacqueline Wong, Simon Cameron, Moore Organizations: REUTERS, Rights, Corp, Albemarle Corp, Liontown, Australian, Thomson Locations: Western Australia, U.S, Albemarle

☆ Australia billionaire raises stake in Liontown Resources to 16.7%
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: 1 min

Gina Rinehart poses in Western Australia in this undated handout photo obtained January 23, 2018. Hancock Prospecting/Handout via REUTERS/File photo Acquire Licensing RightsOct 6 (Reuters) - Australian billionaire Gina Rinehart's company Hancock Prospecting has increased its stake in Liontown Resources (LTR.AX) to 16.7%, becoming the largest shareholder, Hancock Prospecting said on Friday. Australia's richest person has been adding to her Liontown holdings since early September, when Albemarle (ALB.N), the world's biggest lithium producer, was granted access to Liontown's books after revising a takeover proposal. Reporting by Brijesh Patel in Bengaluru; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Persons: Gina Rinehart, Hancock, Gina Rinehart's, Brijesh Patel, Edmund Klamann Organizations: REUTERS, Hancock, Resources, Thomson Locations: Western Australia, Albemarle, Bengaluru

☆ Australia's Hancock Inches Towards Blocking Stake in Liontown Amid Albemarle Bid
▼ + stars: | 2023-10-01 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Australian billionaire Gina Rinehart's Hancock Prospecting increased its stake in lithium miner Liontown Resources, the company said, moving it closer to being able to block a $4.3 billion bid by U.S.-based Albemarle for Liontown. Hancock said on Friday it raised its stake from 10.7% last month to 12.4%, paying no more than A$3.00 per additional share. Hancock would be able to block the Albemarle deal with a 15% position. Last month, Liontown accepted Albemarle's revised $4.3 billion bid, or A$3 a share. The offer is part of a surge of interest in Australian lithium assets amid the clean energy transition.

Persons: Gina Rinehart's Hancock, Hancock, Liontown, Rinehart, Echha Jain, Melanie Burton, Cynthia Osterman Organizations: Reuters, U.S, Patriot, Metals Locations: Resources, Albemarle, Liontown, Bengaluru

☆ Cyclone Ilsa hits Australia's northwest, misses iron ore export hub
▼ + stars: | 2023-04-13 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

SYDNEY, April 14 (Reuters) - A tropical cyclone smashed into Australia's northwest coast as a category 5 storm, setting new wind speed records, but has largely spared populated regions including the world's largest iron ore export hub at Port Hedland, authorities said on Friday. "Port Hedland ... escaped the brunt of the cyclone at this stage. "As it moves inland and the sun comes up, we can expect it to still be a severe tropical cyclone," the weather bureau's hazard response manager Shenagh Gamble said. Ilsa is expected to weaken to a tropical low overnight and move into the southern parts of the Northern Territory. Destructive winds could hit the remote inland mining town of Telfer, where Newcrest Mining (NCM.AX) operates a fly-in-fly-out gold and copper mine.

☆ Australia's northwest braces for strongest cyclone in a decade
▼ + stars: | 2023-04-13 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

Cyclone Ilsa, located about 300 km (186 miles) off Australia's coast in the Indian Ocean, was on Thursday morning upgraded to a category four storm - one rung below the strongest category five. Port Hedland is the world's biggest export point for iron ore and is used by BHP Group (BHP.AX), Fortescue (FMG.AX) and billionaire Gina Rinehart's Hancock Prospecting. Rio Tinto (RIO.AX) exports out of Port of Dampier, which lies to the west of Port Hedland. It will be the strongest system to hit the country's far northwest region since Cyclone Christine crossed the coast in December 2013, weather bureau forecaster Jessica Lingard said. BHP in an emailed response said it was closely tracking the cyclone but its mining and rail operations were continuing.

☆ Netball Australia: Gina Rinehart pulls sponsorship in dispute over father's racist comments
▼ + stars: | 2022-10-23 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +11 min

Brisbane, Australia CNN —When Australia’s richest woman Gina Rinehart threw a financial lifeline to Netball Australia, she triggered a debate about sponsorships and the role of social and political issues in the sporting sphere. Donnell Wallam of the Firebirds is a rising star in Australian netball. On Monday, Kathryn Harby-Williams, CEO of the Australian Netball Players’ Association told the Australian Broadcasting Corporation that Wallam had asked for an exemption not to wear the logo and was refused. Netball Australia CEO Kelly Ryan told Nine News the loss of Hancock sponsorship was “disappointing” but a “strong balance” needs to be struck between social issues and funding. “When done well, sport sponsorship is brand transforming for both the sport and sponsor.”

☆ (foto) Topul celor mai bogate femei din lume în anul 2021, conform revistei Forbes
▼ + stars: | 2021-04-09 | by ( Onixmedia Srl | ) diez.md time to read: +5 min

Tradițional, în fiecare an, revista Forbes întocmește topul celor mai bogați oameni din întreaga lume. Mai jos vă prezentăm topul celor mai bogate femei din acest an. Născut în Iowa, Koch s-a mutat în New York în anii 1980 și a lucrat ca asistentă a designerului de modă Adolfo. Fiica exploratorului de minereu de fier de profil Lang Hancock, Rinehart a reconstruit compania aflată în dificultate financiară a răposatului său tată, Hancock Prospecting. De asemenea, puteți vedea topul celor mai bogați oameni din lume și topul celor mai bogați tineri din acest an.

Persons: Francoise Bettencourt Meyers, L’Oreal . Ea, . Alice Walton, Alice Walton, Sam Walton, Rob, Jim ., MacKenzie Scott, Jeff, Julia Koch, David, Koch, Adolfo, Nancy Reagan, Miriam Adelson, Sheldon Adelson, Jacqueline Mars, Ea, Audrey Ruth, Meyer, Forrest Mars, Frank C ., Inc, Yang, Susanne Klatten, Klatten, Herbert Quandt, Gina Rinehart, Rinehart, Lang Hancock, Hancock, Hill, Fontbona, Andrónico, Jean, Paul, Guillermo Luksic Organizations: Forbes, Artă Americană, Bridges, MacKenzie, Koch, Las, Frank C . Mars, Mars, Country Garden Holdings, Bright, Education Holdings, BMW, Iris, Antofagasta Plc Locations: Bentonville, Arkansas, Iowa, New York, Las Vegas, Singapore, Macao, americană, China, Germania, Australia, Asia, Antofagasta, Chile, Londra

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