SmartCompany: Gina Rinehart sinks money into Mongolia-focused explorers

Gina Rinehart has reportedly nabbed further investments in the resources industry, this time with small stakes in Mongolia-focused miners to add to her suite of resources and media assets. Rinehart, Australia’s richest person with an estimated $10 billion fortune, has bought 0.7% of explorer Aspire Mining and 0.19% of Guildford Coal over the past few months. The stakes are below the 5% threshold that require ASX disclosure, but the The Australian‘s report of Rinehart’s stakes pushed both companies up this morning – although the shares are still trading lower than her entry price. To read the full article, click hereGina Rinehart sinks money into Mongolia-focused explorers

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