Little-known ASX copper share catches Gina Rinehart's attention

MotleyFool04-19

Gina Rinehart's investing spree shows no signs of slowing down. Spreading her fortunes far and wide, the newest addition to iron ore phenom's empire is a project under an ASX copper share few ...

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Spreading her fortunes far and wide, the newest addition to iron ore phenom's empire is a project under an ASX copper share few ...</p>\n\n<a href=\"https://www.fool.com.au/2024/04/19/little-known-asx-copper-share-catches-gina-rineharts-attention/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Little-known ASX copper share catches Gina Rinehart's attention</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLittle-known ASX copper share catches Gina Rinehart's attention\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-19 08:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/04/19/little-known-asx-copper-share-catches-gina-rineharts-attention/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gina Rinehart's investing spree shows no signs of slowing down. Spreading her fortunes far and wide, the newest addition to iron ore phenom's empire is a project under an ASX copper share few ...</p>\n\n<a href=\"https://www.fool.com.au/2024/04/19/little-known-asx-copper-share-catches-gina-rineharts-attention/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861215975.USD","symbol_name":"贝莱德新一代科技基金 A2","start_time":0,"source_url":"https://www.fool.com.au/2024/04/19/little-known-asx-copper-share-catches-gina-rineharts-attention/","article_id":"2428578159","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428578159","pubTimestamp":1713487150,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"Gina Rinehart's investing spree shows no signs of slowing down. Spreading her fortunes far and wide, the newest addition to iron ore phenom's empire is a project under an ASX copper share few investors will have heard of before.  Not only is the Hancock Prospecting heiress stowing her wealth in different commodities, it's other countries, too. While the ASX-listed company is based in Western Australia, its project is over 15,000 kilometres away, in Ecuador.  Outlaying up to potentially US$120 million  for a majority stake, Australia's richest person must see promise — but why?","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4551":"寇图资本持仓","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4548":"巴美列捷福持仓","LYC.AU":"LYNAS RARE EARTHS LTD","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","BK7095":"多种金属与采矿","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK7104":"黄金","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","TTM.AU":"TITAN MINERALS LTD","BK4550":"红杉资本持仓","BK4588":"碎股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","TSLA":"特斯拉","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD"},"translate_title":"鲜为人知的ASX铜股引起了吉娜·莱因哈特的注意","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TTM.AU":1,"TSLA":1,"LYC.AU":1},"content_text":"Gina Rinehart's investing spree shows no signs of slowing down. Spreading her fortunes far and wide, the newest addition to iron ore phenom's empire is a project under an ASX copper share few investors will have heard of before.  Not only is the Hancock Prospecting heiress stowing her wealth in different commodities, it's other countries, too. While the ASX-listed company is based in Western Australia, its project is over 15,000 kilometres away, in Ecuador.  Outlaying up to potentially US$120 million (A$187 million) for a majority stake, Australia's richest person must see promise — but why? The latest addition to Gina Rinehart's asset arsenal At a market capitalisation of $62 million, Titan Minerals Ltd (ASX: TTM) could easily be lost in the crowd of sub-$100 million ASX-listed explorers.  The mining minnow has three projects in Southern Ecuador that are currently being explored: the Dynasty Gold Project, the Copper Duke Project, and the Linderos Copper Project. The last one is a recent 'high-grade discovery' and the subject of Rinehart's interest.  As announced yesterday, a wholly owned subsidiary of Hancock Prospecting — Hanrine Ecuadorian Exploration and Mining (Hanrine) — has agreed to acquire up to 80% ownership in the Linderos Copper Project, not the ASX copper share.  As per the agreement, Rinehart's stake in the project will be accumulated through earn-in terms as follows:  Initial US$2 million payment to Titan Minerals for a 5% stake An additional 25% (30% total) interest in Linderos after 10,000 metres of drilling or US$8 million of expenditure (whichever occurs first) An additional 21% (51% total) interest after 15,000 metres of drilling or US$12 million of expenditure. US$1 million to be paid to Titan Minerals upon reaching 51% interest An additional 29% (80% total) interest at the decision to mine or US$120 million of expenditure  Titan Minerals' CEO Melanie Leighton spoke positively on the arrangement, stating:   Hanrine clearly see the opportunity for large-scale copper, both at the Linderos Copper Project, and in Ecuador, an emerging mining jurisdiction, having made considerable investment into exploration in Ecuador over recent years.  The government's support for mining from newly elected president Daniel Noboa was highlighted in the Titan Minerals' presentation. For example, Ecuador is reportedly the fastest-permitting country in South America.  Interestingly, the copper deal comes mere days after Gina Rinehart upped her stake in Lynas Rare Earths Ltd (ASX: LYC). Outlook for ASX copper shares The price of copper has been trending higher since October last year. Yet, some analysts believe the case for more growth is compelling.  Electrification is the big story for increased copper demand. Some argue that supply is tight based on projected demand. China's plan to damper smelting by 10% only worsens the chances of a supply crunch.  However, electric vehicles play a prominent role in future copper demand. Reporting in recent months has noted a meaningful slowdown in EV sales as cost of living pressures cut into consumer demand.  All eyes will be on Tesla Inc (NASDAQ: TSLA), one of the world's largest EV makers, as it reports first-quarter results next week. Keen eyes investors may look for any hint on demand outlook, which could flow back onto ASX copper shares.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428578159"}