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Mineral Resources Limited Acquires RDG Assets to Enhance Shareholder Value

Story Highlights
  • Mineral Resources Limited has acquired RDG assets, including the Lucky Bay garnet mine.
  • The acquisition aims to realize value for shareholders, with independent decisions by the MinRes Board.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mineral Resources Limited Acquires RDG Assets to Enhance Shareholder Value

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An update from Mineral Resources Limited ( (AU:MIN) ) is now available.

Mineral Resources Limited has executed a binding Asset and Share Sale Agreement to acquire the assets of Resource Development Group Limited, including the Lucky Bay garnet mine, following creditor approval of the proposed Deed of Company Arrangement. This strategic acquisition aims to realize value for MinRes shareholders, with all decisions made independently by the MinRes Board to avoid conflicts of interest.

The most recent analyst rating on (AU:MIN) stock is a Sell with a A$21.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.

More about Mineral Resources Limited

Mineral Resources Limited (ASX: MIN) is a leading diversified resources company with extensive operations in lithium, iron ore, energy, and mining services across Western Australia.

Average Trading Volume: 2,877,870

Technical Sentiment Signal: Buy

Current Market Cap: A$7.62B

Find detailed analytics on MIN stock on TipRanks’ Stock Analysis page.

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