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A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtipsSYDNEY - Australian billionaire Gina Rinehart has taken a 19.9% stake in lithium miner Liontown Resources, her company Hancock Prospecting said on Wednesday, potentially hindering a takeover bid launched by U.S. mining giant Albemarle Corp.
"Hancock now looks forward to having a prominent influence on Liontown's future as its largest shareholder," the statement said. Under Australian takeover rules, a single shareholder must declare its intention if its stake moves above 19.9%.Liontown declined to comment, as did Albemarle.
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