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Mineral Resources Limited
(Sydney:MIN)
Mineral Resources Limited (MIN) vs. iShares MSCI Australia ETF (EWA)
Mineral Resources Limited Business Overview & Revenue Model
Mineral Resources Limited Earnings Call Summary
Mineral Resources Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 5.05B | 5.28B | 4.78B | 3.42B | 3.73B | 2.12B | Gross Profit |
| 3.87B | 3.88B | 2.75B | 1.89B | 2.37B | 1.17B | EBIT |
| -1.28B | 309.00M | 1.63B | 757.90M | 1.64B | 545.00M | EBITDA |
| -51.20M | 995.00M | 1.05B | 962.90M | 2.15B | 1.73B | Net Income Common Stockholders |
| -1.22B | 125.00M | 243.30M | 349.20M | 1.27B | 1.00B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 720.00M | 908.00M | 1.38B | 2.43B | 1.54B | 1.52B | Total Assets |
| 12.52B | 12.23B | 8.40B | 7.60B | 5.72B | 4.63B | Total Debt |
| 5.80B | 5.34B | 3.23B | 3.13B | 1.26B | 1.29B | Net Debt |
| 5.08B | 4.43B | 1.85B | 697.50M | -280.20M | -231.10M | Total Liabilities |
| 8.74B | 8.65B | 4.87B | 4.33B | 2.48B | 2.34B | Stockholders Equity |
| 3.31B | 3.54B | 3.48B | 3.23B | 3.20B | 2.26B |
| Cash Flow | Free Cash Flow | ||||
| -3.39B | -2.31B | -467.20M | -720.10M | 549.70M | 203.70M | Operating Cash Flow |
| 168.80M | 1.45B | 1.35B | 279.80M | 1.31B | 594.60M | Investing Cash Flow |
| -2.38B | -3.87B | -1.90B | -654.30M | -816.00M | 844.10M | Financing Cash Flow |
| 1.53B | 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 | $47.73B | 8.07 | 20.21% | 8.73% | -11.33% | -32.11% | |
74 Outperform | $162.60B | 10.84 | 21.04% | 7.54% | -0.10% | 15.50% | |
72 Outperform | $194.61B | 11.26 | 26.20% | 5.01% | -2.47% | 57.01% | |
67 Neutral | $3.19B | 1,418.92 | -36.53% | 7.28% | -28.50% | -532.61% | |
62 Neutral | $4.66B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
58 Neutral | £13.63B | 60.36 | -3.53% | 3.52% | -19.74% | ― | |
50 Neutral | $2.00B | -1.13 | -21.16% | 3.71% | 2.15% | -30.95% |
Mineral Resources Limited Corporate Events
Mineral Resources Limited has revised its volume guidance for the Onslow Iron project due to lower-than-expected availability of contractor road trains and below forecast daily cycles. Despite these challenges, the project is accelerating its ramp-up, with significant month-on-month increases in shipments and is on track to achieve its nameplate capacity by Q1 FY26. The commissioning of the fifth transhipper, MinRes Peak, at the Port of Ashburton is expected to further enhance transhipping capacity.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$62.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
Mineral Resources Limited has released a presentation for an investor tour related to its Onslow Iron project. The document highlights the company’s adherence to Australian Accounting Standards and the JORC Code for reporting mineral resources and ore reserves. While the presentation contains forward-looking statements about growth opportunities, management plans, and production forecasts, it cautions stakeholders about the inherent risks and uncertainties, especially in the current economic and geopolitical climate.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$62.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
Mineral Resources Limited has announced the appointment of Malcolm Bundey as a new director, effective from May 19, 2025. This appointment is part of the company’s strategic efforts to strengthen its leadership team, potentially impacting its operational and strategic direction positively. Bundey’s appointment is expected to bring new insights and expertise to the company, which could enhance its industry positioning and stakeholder relations.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$62.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
Mineral Resources Limited has released updated Mineral Resources and Ore Reserves statements for the Onslow Iron Project, highlighting the geological characteristics of the Channel Iron Deposits. This update provides detailed diagrams of the project’s geology and drill coverage, which are crucial for understanding the resource’s potential and planning future extraction activities.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$62.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
Mineral Resources Limited announced a significant update to its Mineral Resources and Ore Reserves for the Onslow Iron Project, showing an 89% increase in Mineral Resources to 744 million tonnes and a 73% increase in Ore Reserves to 359 million tonnes. This update underscores the project’s potential as a long-life, low-cost operation, which is expected to drive the next phase of growth for MinRes’ Iron Ore and Mining Services divisions, further solidifying its position in the industry and promising ongoing value for stakeholders.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$62.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
UBS Group AG and its related entities have ceased to be substantial shareholders of Mineral Resources Limited as of May 15, 2025. This change in shareholding could impact the company’s market perception and investor relations, as substantial shareholders often influence corporate governance and strategic decisions.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$62.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
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.