Airlie FM Sector Spotlight: Mineral Resources
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 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
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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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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In a show of confidence from investors, Mineral Resources (ASX:MIN) has increased its US bond offering to $1.1 billion from the original $850 million and successfully sold the entire offering.
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Five days ago, Perth-based Mineral Resources (ASX:MIN) issued a comprehensive update on its various mines and prospects in Western Australia, particularly in lithium and iron ore.
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The underlying rationale for the divorce between Albemarle and Mineral Resources (ASX:MIN) has now become apparent.
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Mineral Resources (ASX:MIN) witnessed a 7% upsurge in the value of its shares yesterday, attributed to a substantial dividend increase that counterbalanced a write-down in the valuation of select iron ore assets.
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Mineral Resources (ASX:MIN), led by CEO Chris Ellison, has made a strategic decision to forego its plan of constructing lithium hydroxide refineries in China. Instead, the company is shifting its focus to producing a lithium sulphate product in Australia. According to Mr. Ellison, the returns from this new approach justify avoiding the costs and risks associated with moving fully downstream into battery chemicals in China.
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Mineral Resources (ASX:MIN) has fallen short of its lithium export targets from the Wodgina mine in Western Australia, which it operates in partnership with Albemarle, a New York-based company.
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