Analysis of Mineral Resources, Woolworths, Wesfarmers, Qantas
Fund Manager Chris Pedersen discusses Mineral Resources, Woolworths Group, Wesfarmers and Qantas Airways.
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Mineral Resources is an innovative and leading mining services company with a growing world-class portfolio of mining operations across multiple commodities.
Mineral Resources was borne out of the amalgamation of three companies – Crushing Services International (now CSI Mining Services), PIHA and Process Minerals International (PMI). In 2006, these three companies were combined and listed on the Australian Stock Exchange.
We have a long and successful history of providing safe, high quality, low cost mining, mining construction and mining infrastructure services and the experience gained in mining services has enabled a successful transition into a low-cost mining operation.
The foundation of our business has been built from a contracting heritage and strong work ethic. This has driven our capability and success across the business in dealing with commodities and ore bodies. We have created long-term, diverse annuity earnings through the mining services business and operations across different commodities and different geographical locations with Tier 1 mining companies.
We have a large footprint, providing mining services to clients throughout Western Australia and the Northern Territory, operating mine sites in the Pilbara, Goldfield and Yilgarn regions and shipping product through Utah Point and Esperance.
Our business is organised along three core pillars:
Mining Services
Commodities
Innovation & Infrastructure
Fund Manager Chris Pedersen discusses Mineral Resources, Woolworths Group, Wesfarmers and Qantas Airways.
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Fund Manager Chris Pedersen discusses Orora, Mineral Resources and Generation Development Group.
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Airlie Funds Management Equity Analyst Vinay Ranjan discusses what makes Mineral Resources (ASX: MIN) a unique business and how it's positioned for future growth.
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Mineral Resources (ASX:MIN) has finalised the sale of Exploration Permits 368 and 426 to Hancock Prospecting for an initial payment of $780m.
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In a report issued on 4 November 2024, the company disclosed that its Managing Director, Chris Ellison, will face financial penalties and that an accelerated leadership succession plan will be implemented to safeguard shareholder interests.
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Mineral Resources (ASX:MIN) has announced a pivotal $1.13bn deal with Hancock Prospecting, selling 100% of its exploration permits in the Perth Basin and forming joint ventures on remaining assets across the Perth and Carnarvon basins.
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Heavily indebted Mineral Resources (ASX:MIN) is slashing worker numbers and conditions at its WA mines and businesses as it receives FIRB approval to sell a 49% stake in a dedicated iron ore haul road, pocketing $1.1 billion from US investors.
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Mineral Resources (ASX:MIN) shares were justifiably sold down on Thursday after the company quietly released its 2023-24 results late in the evening, revealing the shocking news that it was dropping its final dividend.
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Perth-based Mineral Resources (ASX:MIN) has dropped its final dividend after reporting a surge in debt for the year to June and an 80% decline in earnings.
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Approximately 1,000 miners are facing an uncertain future as Mineral Resources (ASX:MIN) closes its Yilgarn iron ore mining hub in the WA Goldfields region and expands deeper into longer-life mines in the Ashburton and West Pilbara regions of the state.
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Mineral Resources (ASX:MIN) has finally sold a minority stake in its WA iron ore haul road for a significant $A1.3 billion.
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Perth-based Mineral Resources (ASX:MIN) will spend up to $15 million buying Poseidon Nickel's Lake Johnston nickel concentrator plant and mining rights, using it as the basis for a new lithium processing hub.
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Perth-based mining giant Mineral Resources (ASX:MIN) unveiled its disappointing financial performance for the December half-year in a late Wednesday evening release, catching markets off-guard after hours. The company reported a substantial 28% decline in underlying EBITDA to $674.9 million, coupled with an alarming 83% reduction in the final dividend, slashed to 20 cents per share from $1.20 per share in the same period in 2022.
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