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Mineral Resources Limited
(Sydney:MIN)
Mineral Resources Limited (MIN) vs. S&P 500 (SPY)
Mineral Resources Limited Business Overview & Revenue Model
Mineral Resources Limited Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 5.28B | 4.78B | 3.42B | 3.73B | 2.12B | Gross Profit |
| 3.88B | 2.75B | 1.89B | 2.37B | 1.17B | EBIT |
| 309.00M | 1.63B | 757.90M | 1.64B | 545.00M | EBITDA |
| 995.00M | 1.05B | 962.90M | 2.15B | 1.73B | Net Income Common Stockholders |
| 125.00M | 243.30M | 349.20M | 1.27B | 1.00B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 908.00M | 1.38B | 2.43B | 1.54B | 1.52B | Total Assets |
| 12.23B | 8.40B | 7.60B | 5.72B | 4.63B | Total Debt |
| 5.34B | 3.23B | 3.13B | 1.26B | 1.29B | Net Debt |
| 4.43B | 1.85B | 697.50M | -280.20M | -231.10M | Total Liabilities |
| 8.65B | 4.87B | 4.33B | 2.48B | 2.34B | Stockholders Equity |
| 3.54B | 3.48B | 3.23B | 3.20B | 2.26B |
| Cash Flow | Free Cash Flow | |||
| -2.31B | -467.20M | -720.10M | 549.70M | 203.70M | Operating Cash Flow |
| 1.45B | 1.35B | 279.80M | 1.31B | 594.60M | Investing Cash Flow |
| -3.87B | -1.90B | -654.30M | -816.00M | 844.10M | Financing Cash Flow |
| 1.97B | -516.40M | 1.23B | -435.50M | -160.00M |
Mineral Resources Limited Technical Analysis
Mineral Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $49.18B | 8.31 | 20.21% | 8.96% | -11.33% | -32.11% | |
75 Outperform | $158.57B | 10.71 | 21.04% | 7.72% | -0.10% | 15.50% | |
68 Neutral | $190.80B | 11.08 | 26.20% | 5.20% | -2.47% | 57.01% | |
58 Neutral | $3.03B | 1,418.92 | -36.53% | 7.41% | -28.50% | -532.61% | |
54 Neutral | £12.77B | 55.78 | -3.53% | 3.79% | -19.74% | ― | |
51 Neutral | $4.04B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
49 Neutral | $1.95B | -1.21 | -21.28% | 3.72% | 1.18% | -30.47% |
Mineral Resources Limited Earnings Call Summary
Mineral Resources Limited Corporate Events
Norges Bank has become a substantial holder in Mineral Resources Limited, acquiring a 5.45% voting power through its management of ordinary shares. This acquisition signifies a strategic investment by the Central Bank of Norway, potentially impacting the company’s shareholder dynamics and market perception.
Norges Bank has become a substantial holder in Mineral Resources Limited, acquiring a 5.12% voting power through its discretionary management of funds on behalf of the Government of Norway. This acquisition reflects a strategic investment by Norges Bank, potentially impacting the company’s shareholder dynamics and signaling confidence in the company’s market position and future prospects.
Mineral Resources Limited reported its quarterly activities for January to March 2025, highlighting key corporate developments and operational updates. The company is advancing its corporate governance with a new Board Chair appointment process and has maintained strong liquidity with over $1.25 billion available. Despite a decrease in production volumes, the company remains on track with its financial covenants and cost reduction initiatives, including significant workforce reductions. Iron ore production saw a slight increase in realized prices, while lithium production volumes were adjusted with maintained cost guidance. The company also made progress in its energy sector with ongoing well testing and drilling activities.
Mineral Resources Limited announced a change in the director’s interest for Denise McComish, with an acquisition of 443 ordinary shares, increasing her total to 4,067 shares. This update reflects the company’s ongoing transparency in its governance and may impact stakeholder perceptions of director alignment with company performance.
Mineral Resources Limited announced the resignation of Denise McComish from her role as Non-Executive Director, effective 23 April 2025. The company is actively seeking a new Chair, with plans to review and potentially restructure the Board’s composition and committee structures under new leadership. McComish’s contributions, particularly in enhancing the company’s risk processes and corporate governance, were acknowledged by the Board, highlighting her role in strengthening MinRes’ operational framework.
Mineral Resources Limited has issued Appendix 3Y and 3Z notifications concerning changes in the director’s interest for Susan Corlett and Jacqueline McGill. The announcement reflects updates in the company’s governance and compliance, potentially impacting shareholder perceptions and corporate transparency.
Mineral Resources Limited has announced a change in the interests of a substantial holder, with State Street Bank and Trust Company and its affiliates adjusting their voting power in the company. This change in voting power could influence the company’s governance and strategic decisions, potentially impacting its market position and stakeholder interests.
Mineral Resources Limited has announced a change in its substantial shareholders, with Citigroup Global Markets Australia Pty Limited and its related entities ceasing to be substantial holders as of April 15, 2025. This change involves a decrease in relevant interest in voting securities by Citibank, N.A. Sydney Branch, and an increase in relevant interest by Citigroup Global Markets Australia Pty Limited and Citigroup Global Markets Inc. The shifts in shareholding may impact the company’s market dynamics and stakeholder interests, reflecting adjustments in securities lending agreements and stock market transactions.
Mineral Resources Limited announced the resignation of Jacqueline McGill AO and Susie Corlett as Non-Executive Directors from its Board, effective April 16, 2025. Both directors have been acknowledged for their significant contributions to improving governance and procedures within the company during their tenure, while balancing other professional commitments. Their departure may impact the company’s strategic direction and governance structure.
Mineral Resources Limited has announced a change in the interests of a substantial holder, reflecting adjustments in voting power and relevant interests. The update involves various entities, including State Street Global Advisors and State Street Bank and Trust Company, indicating shifts in the control over voting rights and securities management. This development could impact the company’s governance and stakeholder dynamics, as it involves significant institutional investors.
Norges Bank has become a substantial holder in Mineral Resources Limited, acquiring a 5.09% voting power through its discretionary management of funds on behalf of the Government of Norway. This acquisition signifies a strategic investment by Norges Bank, potentially impacting the company’s shareholder dynamics and indicating confidence in Mineral Resources Limited’s market position and future prospects.
Mineral Resources Limited has announced a change in the interests of a substantial shareholder, Citigroup Global Markets Australia Pty Limited. The notice reveals a decrease in voting power from 6.7158% to 5.4918%, indicating a reduction in Citigroup’s relevant interest in the company’s shares. This change may impact the company’s shareholder dynamics and influence its market positioning.
Mineral Resources Limited announced the allotment of shares to its Non-Executive Directors as part of their Director Fees for the quarter ending 31 March 2025. This move reflects the company’s ongoing commitment to aligning director interests with shareholder value, potentially impacting the company’s governance and shareholder relations positively.
UBS Group AG has reduced its voting power in Mineral Resources Limited, a company in the mining sector, from 6.83% to 5.46%. This change in substantial holding may impact the company’s shareholder dynamics and influence its strategic decisions, potentially affecting its market position and stakeholder interests.
Mineral Resources Limited has announced a change in the interests of its substantial shareholder, Citigroup Global Markets Australia Pty Limited, which is part of the global Citigroup group of companies. The notice details a decrease in Citigroup’s voting power in Mineral Resources from 7.8267% to 6.7158%, due to various transactions involving securities lending agreements and stock market operations. This change in shareholder interest could impact the company’s market dynamics and influence its strategic decisions moving forward.
Norges Bank has ceased to be a substantial holder in Mineral Resources Limited as of March 24, 2025. This change in holdings, involving several transactions of collateral shares and market trades, may impact the company’s shareholder structure and could influence investor perceptions and market dynamics.
Mineral Resources Limited has resumed haulage operations on the Onslow Iron dedicated haul road after discussions with WorkSafe WA. The company continues its upgrade program for the haul road, aiming for completion in Q1 FY26, and has increased its transhipping capacity to 28 million tonnes per annum with the commencement of operations by transhipper MinRes Rosily at the Port of Ashburton.
Mineral Resources Limited has temporarily paused haulage operations on the Onslow Iron haul road following a WorkSafe WA notice after a road train incident. The company is investigating the cause and has implemented strengthened controls and traffic management. Despite the pause, haulage continues via alternative routes, and MinRes expects no impact on FY25 Onslow Iron volume guidance.
Mineral Resources Limited has announced a change in the interests of its substantial shareholder, Citigroup Global Markets Australia Pty Limited, and its related entities. The voting power of Citigroup has decreased from 9.2072% to 7.8267%, reflecting a reduction in their shareholding due to various securities lending agreements and stock market transactions. This change in shareholding may impact the company’s market perception and influence within the industry, as substantial shareholders often play a critical role in strategic decisions.
Norges Bank has become a substantial holder in Mineral Resources Limited, acquiring a 5.31% voting power through ordinary shares. This acquisition, managed on behalf of the Government of Norway, signifies a strategic investment move, potentially impacting the company’s market influence and shareholder dynamics.
Mineral Resources Limited has announced a change in the interests of a substantial holder, with State Street Corporation and its subsidiaries adjusting their voting power in the company’s securities. This change in voting power could influence the company’s strategic decisions and impact its market positioning, as substantial holders often play a significant role in corporate governance.
Mineral Resources Limited has announced a change in the interests of a substantial shareholder, Citigroup Global Markets Australia Pty Limited, which is part of the Citigroup group of companies. The notice indicates an increase in voting power from 7.1874% to 9.2072% due to changes in relevant interests through securities lending agreements and stock market transactions. This adjustment in shareholding could impact the company’s market dynamics and investor relations.
The Vanguard Group, a significant player in investment management, has become a substantial holder in Mineral Resources Limited as of March 7, 2025, with a 5.006% voting power through its various mutual funds and accounts. This development signifies a notable shift in the company’s shareholder composition, potentially impacting its strategic decisions and market positioning, while also reflecting confidence in its operational capabilities and future prospects.
JPMorgan Chase & Co. and its affiliates have reduced their voting power in Mineral Resources Ltd from 7.74% to 6.45% as of March 10, 2025. This change in substantial holding could impact the company’s market perception and investor confidence, as JPMorgan’s involvement is significant in the financial industry.
Mineral Resources Limited announced that Norges Bank has ceased to be a substantial holder in the company as of March 10, 2025. This change in shareholding may impact the company’s market dynamics and investor perception, although the specific implications for stakeholders are not detailed in the release.
Norges Bank has become a substantial holder in Mineral Resources Limited, acquiring a 5.14% voting power through its management of funds on behalf of the Government of Norway. This acquisition signifies a strategic investment by Norges Bank, potentially impacting the company’s shareholder dynamics and reflecting confidence in Mineral Resources Limited’s market position and future prospects.
Mineral Resources Limited, a company involved in the mining industry, has seen a change in the substantial shareholding by Citigroup Global Markets Australia Pty Limited and its related entities. The notice indicates a decrease in Citigroup’s voting power from 8.2590% to 7.1874%, reflecting changes in relevant interests due to securities lending agreements and standard stock market transactions. This shift in shareholding may impact the company’s market dynamics and stakeholder interests.
Mineral Resources Limited has announced a change in the interests of a substantial holder, with State Street Corporation and its subsidiaries now holding a significant voting power in the company. This shift in voting power could influence the company’s strategic decisions and impact its market positioning, potentially affecting stakeholders and investment strategies.
Mineral Resources Limited has announced that Fitch Ratings has downgraded its credit rating to BB- from BB, aligning with Moody’s Ba3 rating. Despite this downgrade, the company maintains a covenant-light capital structure, significant liquidity, and plans to deleverage its balance sheet through earnings growth. As the Onslow Iron project reaches full capacity in early FY26, it is expected to generate significant cash flow, supporting the company’s long-term leverage target of 2.0x EBITDA.
UBS Group AG has become a substantial holder in Mineral Resources Limited as of February 28, 2025, with a 5.78% voting power through various branches and asset management entities. This development signifies a notable investment move by UBS, potentially impacting Mineral Resources Limited’s shareholder dynamics and market perception, as well as indicating UBS’s strategic interest in the mining sector.
Mineral Resources Limited has announced significant progress in its Onslow Iron project, which is on track to achieve its nameplate capacity of 35 million tonnes per annum by the first quarter of FY26. The company is enhancing its haulage and transhipping capabilities, with new infrastructure expected to bolster operational efficiency. Additionally, a comprehensive review of the 2022 feasibility study has led to strategic improvements, resulting in a $1.3 billion investment from Morgan Stanley Infrastructure Partners, affirming the project’s strong credentials.
Mineral Resources Limited has announced a change in the interests of a substantial holder, State Street Global Advisors, in the company’s voting securities. This update reflects adjustments in the voting power and relevant interests held by various subsidiaries of State Street Corporation, impacting the company’s shareholder structure and potentially influencing future corporate decisions.
Mineral Resources Limited has announced a change in the interests of a substantial shareholder, Citigroup Global Markets Australia Pty Limited, which is part of the global Citigroup group. The notice details an increase in Citigroup’s voting power in Mineral Resources from 7.1709% to 8.2590%, reflecting a significant shift in shareholder dynamics. This change is attributed to various contracts and securities lending agreements executed by different Citigroup entities, indicating a strategic move that could impact the company’s market positioning and stakeholder interests.
Mineral Resources Limited, in response to an ASX compliance inquiry, stated that despite declines in revenue, EBITDA, and NPAT for the first half of 2025 compared to the prior period, these decreases are not expected to materially affect the value of its securities. The company attributes these declines mainly to weaker commodity prices and non-cash impairments, particularly related to the Bald Hill lithium mine and foreign exchange impacts. The company had previously informed the market of these factors, and analyst expectations had already accounted for these developments.
JPMorgan Chase & Co. and its affiliates have increased their substantial holding in Mineral Resources Limited, raising their voting power from 5.05% to 7.74%. This change in substantial holding, involving a mix of securities lending and proprietary trading, reflects JPMorgan’s strategic positioning in the company’s stock, potentially impacting stakeholder perceptions and the company’s market dynamics.
Mineral Resources Limited has announced that Citigroup Global Markets Australia Pty Limited, along with its related corporate entities, has become a substantial shareholder with a 7.1709% voting power in the company as of February 19, 2025. This development highlights Citigroup’s significant stake in Mineral Resources, potentially impacting the company’s influence and decision-making power within its industry.
Mineral Resources Limited announced a significant change in the interests of a substantial holder, State Street Corporation and its subsidiaries, which affects voting power and securities management within the company. This change reflects adjustments in the distribution of voting shares, potentially influencing the company’s control and decision-making processes. The shift in control could have notable implications for stakeholders, especially in terms of governance and strategic direction.
Mineral Resources Limited has released its FY25 half-year results, highlighting financial data and performance metrics under Australian Accounting Standards. The announcement emphasizes the company’s adherence to the Australasian Joint Ore Reserves Committee Code for reporting and includes non-IFRS financial measures like EBITDA to provide insights into their business performance. The release also contains forward-looking statements about growth opportunities, project timelines, and financial forecasts, though it cautions stakeholders about potential risks and uncertainties which might affect future performance.
Mineral Resources Limited reported a decrease in revenue and earnings for the first half of 2025, primarily due to weaker iron ore and lithium prices. Despite this, the company maintained a strong liquidity position and achieved record earnings from its mining services segment. The Onslow Iron project progressed well, contributing positively to cash flow, although adverse weather conditions caused some operational disruptions. MinRes also completed significant transactions, including a partnership with Hancock Prospecting, and took strategic steps to align operations with current market conditions.
Mineral Resources Limited reported a significant financial downturn for the half-year ending December 2024, with revenues down by 8.9% and a substantial loss after tax attributed to its owners, marking a 247.4% drop. The company did not declare any interim dividends for 2025, signaling a challenging period ahead, with implications for stakeholders as the company navigates its financial and operational strategies.
JPMorgan Chase & Co. and its affiliates have become a substantial holder in Mineral Resources Limited, acquiring a 5.05% voting power through various securities lending agreements and proprietary trading activities. This acquisition reflects JPMorgan’s strategic interest in the resources sector and could influence Mineral Resources Limited’s market activities and stakeholder dynamics, potentially impacting its operational strategies and shareholder relations.
UBS Group AG and its related bodies corporate have ceased to be substantial holders in Mineral Resources Limited as of February 12, 2025. This change in substantial holding indicates a shift in UBS’s investment strategy regarding Mineral Resources Limited, potentially affecting the company’s stock market perception and shareholder dynamics.
JPMorgan Chase & Co. has become a substantial holder of Mineral Resources Limited, acquiring a 5.62% voting power through various subsidiaries and investment management capacities. This development signifies a significant investment from a major financial institution, potentially impacting Mineral Resources’ market position and signaling confidence in the company’s future prospects.