MIN.AX - Mineral Resources Limited

ASX - ASX Delayed Price. Currency in AUD
15.67
+1.37 (+9.58%)
As of 3:34PM AEDT. Market open.
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Previous Close14.30
Open14.80
Bid15.66 x 0
Ask15.67 x 0
Day's Range14.65 - 15.71
52 Week Range12.39 - 22.14
Volume2,441,327
Avg. Volume1,227,543
Market Cap2.941B
Beta (3Y Monthly)0.48
PE Ratio (TTM)10.78
EPS (TTM)1.45
Earnings DateFeb 4, 2019 - Feb 8, 2019
Forward Dividend & Yield0.80 (5.63%)
Ex-Dividend Date2018-08-31
1y Target Est19.80
  • PR Newswire3 days ago

    Albemarle Announces Definitive Agreement with Mineral Resources Limited to Form Lithium Joint Venture in Western Australia

    CHARLOTTE, N.C., Dec. 14, 2018 /PRNewswire/ -- Albemarle Corporation (ALB), a leader in the global specialty chemicals industry, announced today the signing of an Asset Sale and Share Subscription Agreement (Agreement) with Mineral Resources Limited (MIN.AX) for a wholly-owned subsidiary of Albemarle to acquire a 50 percent interest in MRL's Wodgina hard rock lithium project (Wodgina Project) in Western Australia and form a joint venture with MRL to own and operate the Wodgina Project to produce spodumene concentrate and battery grade lithium hydroxide.

  • Do You Like Mineral Resources Limited (ASX:MIN) At This P/E Ratio?
    Simply Wall St.9 days ago

    Do You Like Mineral Resources Limited (ASX:MIN) At This P/E Ratio?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at Mineral Resources Limited's (ASX:MIN) P/E ratio and reflect Read More...

  • Reuters25 days ago

    Albemarle boosts lithium supply with $1.2 bln Australian deal

    Albemarle Corp, the world's top lithium producer, has agreed to pay $1.15 billion to form a lithium joint venture with Australia's Mineral Resources , a week after regulators rejected plans to expand its operations in Chile. Albemarle will take a 50 percent stake in the venture that will own and operate the Wodgina lithium mine in Western Australia and develop a plant producing lithium hydroxide, the two companies said in separate statements released late Wednesday and Thursday. The move builds on Albemarle's presence in Australia where it is already a stake holder in the world's biggest hard rock lithium mine, and comes amid an expected boom in demand for lithium in rechargeable batteries that power everything from cell phones to electric vehicles.

  • Lithium King Bets Big on Demand Shift With Australia Mine Deal
    Bloomberg25 days ago

    Lithium King Bets Big on Demand Shift With Australia Mine Deal

    The Charlotte, North Carolina-based company will take a 50 percent stake in a potential joint venture with Mineral Resources Ltd. that will own and operate the Wodgina hard-rock lithium deposit with a mine life of over three decades. Under the deal, Albemarle will manage the marketing and sales of lithium hydroxide, which fetches a higher price than lithium carbonate. Mineral Resources rose as much as 33 percent, the most since July 2006, in Sydney trading Thursday.

  • MarketWatch26 days ago

    Albermarle to pay $1.15 billion for half of lithium mine JV created with Mineral Resources

    Albermarle Corp. said Wednesday it will pay $1.15 billion for a 50% interest in a joint venture, that it could potentially create with Mineral Resources Ltd. . The specialty chemicals company said the JV would be created to own and operate the Wodgina hard rock lithium mine, and eventually develop an integrated lithium hydroxide operation at the resource site. Albermarle expects to fund the purchase with available cash and new credit facilities. The deal is expected to add to earnings. "This Agreement is consistent with our corporate strategy of pursuing M&A opportunities that can accelerate and de-risk our organic growth strategy," said Albermarle Chief Executive Luke Kissam. The stock, which is still inactive in premarket trade, has tumbled 25% year to date, while the S&P 500 has slipped 1.2%.

  • PR Newswire26 days ago

    Albemarle Signs Exclusivity Agreement with Mineral Resources Limited for 50/50 Fully Integrated Lithium Joint Venture in Western Australia

    CHARLOTTE, N.C., Nov. 21, 2018 /PRNewswire/ -- Albemarle Corporation (ALB), a leader in the global specialty chemicals industry, announced today that it has signed an Exclusivity Agreement (Agreement) with Mineral Resources Limited (MIN.AX) in relation to the potential creation of a 50/50 joint venture (JV) to own and operate the Wodgina hard rock lithium mine and ultimately develop an integrated lithium hydroxide operation at the resource site. Wodgina, located in the Pilbara region of Western Australia, is a world-class hard rock lithium deposit, with an estimated mine life of over 30 years. The proposed JV, which remains subject to negotiation of definitive documents, would combine Albemarle's world-class lithium production and marketing expertise with Mineral Resources Limited's (MRL) leading regional presence and mining capabilities.

  • Reuterslast month

    Second iron ore train derails in Australia; no injuries

    An empty iron ore train has derailed in Western Australia after poor weather eroded part of the track, operator Mineral Resources Ltd said on Monday, just a week after the derailing of a runaway ore train in the state's north. About 30 empty iron ore wagons in a 106-wagon train came off the track on Sunday south of the sparsely populated town of Norseman, some 700 km east of Perth, between the port of Esperance and Mineral Resources' Koolyanobbing mine. "At this stage it appears that heavy rainfall and flash flooding in the region on Saturday washed out some ballast from under a small section of the track," Mineral Resources said in a statement to the Australian stock exchange.

  • Simply Wall St.2 months ago

    Does Mineral Resources Limited (ASX:MIN) Have A Particularly Volatile Share Price?

    If you’re interested in Mineral Resources Limited (ASX:MIN), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could Read More...

  • Thomson Reuters StreetEvents4 months ago

    Edited Transcript of MIN.AX earnings conference call or presentation 15-Aug-18 4:00am GMT

    Full Year 2018 Mineral Resources Ltd Earnings Call

  • Should Income Investors Buy Mineral Resources Limited (ASX:MIN) Before Its Ex-Dividend?
    Simply Wall St.4 months ago

    Should Income Investors Buy Mineral Resources Limited (ASX:MIN) Before Its Ex-Dividend?

    Investors who want to cash in on Mineral Resources Limited’s (ASX:MIN) upcoming dividend of AU$0.40 per share have only 2 days left to buy the shares before its ex-dividend date,Read More...

  • Reuters5 months ago

    BRIEF-Brockman Mining's Unit Enters Farm-In & Joint Venture With Mineral Resources' Unit Polaris

    July 27 (Reuters) - Brockman Mining Ltd: * UNIT ENTERED INTO A FARM-IN AND JOINT VENTURE WITH POLARIS * POLARIS WILL PROVIDE AN INTEREST-FREE LOAN OF AUD10 MILLION TO BROCKMAN IRON FOLLOWING FARM-IN DATE ...

  • Simply Wall St.6 months ago

    How Mineral Resources Limited (ASX:MIN) Delivered A Better ROE Than Its Industry

    The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to begin learning the link betweenRead More...

  • Moody's6 months ago

    Atlas Iron Limited -- Moody's downgrades Atlas Iron to Caa2; ratings remain on review -- direction uncertain

    Moody's Investors Service has downgraded the corporate family rating (CFR) and senior secured rating of Atlas Iron Limited to Caa2 from B3. The downgrade reflects the increased uncertainty around the potential that Atlas will be acquired by Mineral Resources Limited (MinRes, unrated) or another party. The ratings remain on review -- direction uncertain.

  • How Did Mineral Resources Limited’s (ASX:MIN) 18.11% ROE Fare Against The Industry?
    Simply Wall St.6 months ago

    How Did Mineral Resources Limited’s (ASX:MIN) 18.11% ROE Fare Against The Industry?

    With an ROE of 18.11%, Mineral Resources Limited (ASX:MIN) outpaced its own industry which delivered a less exciting 11.89% over the past year. While the impressive ratio tells us thatRead More...

  • May Materials Dividend Stocks To Look Out For
    Simply Wall St.7 months ago

    May Materials Dividend Stocks To Look Out For

    The materials industry is deeply cyclical with producers benefiting highly during an economic boom and many players going bankrupt in a bust. Therefore, this industry is a macroeconomic play withRead More...

  • Moody's7 months ago

    Atlas Iron Limited -- Moody's places Atlas Iron's ratings on review -- direction uncertain

    Moody's Investors Service placed the B3 corporate family rating (CFR) and senior secured rating of Atlas Iron Limited under review with direction uncertain. The review also reflects the potentially credit-positive implications of an announced acquisition of the company by Mineral Resources Limited (MinRes, unrated) via a scheme of arrangement. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS.

  • All You Need To Know About Mineral Resources Limited’s (ASX:MIN) Financial Health
    Simply Wall St.7 months ago

    All You Need To Know About Mineral Resources Limited’s (ASX:MIN) Financial Health

    Mid-caps stocks, like Mineral Resources Limited (ASX:MIN) with a market capitalization of AU$3.61B, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-capRead More...

  • Is Mineral Resources Limited (ASX:MIN) An Attractive Dividend Stock?
    Simply Wall St.8 months ago

    Is Mineral Resources Limited (ASX:MIN) An Attractive Dividend Stock?

    Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. Over the past 10 years, MineralRead More...

  • How Does Mineral Resources Limited (ASX:MIN) Affect Your Portfolio Returns?
    Simply Wall St.8 months ago

    How Does Mineral Resources Limited (ASX:MIN) Affect Your Portfolio Returns?

    If you are a shareholder in Mineral Resources Limited’s (ASX:MIN), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of yourRead More...

  • Mineral Resources Limited (ASX:MIN) Investors Are Paying Above The Intrinsic Value
    Simply Wall St.8 months ago

    Mineral Resources Limited (ASX:MIN) Investors Are Paying Above The Intrinsic Value

    I am going to run you through how I calculated the intrinsic value of Mineral Resources Limited (ASX:MIN) using the discounted cash flow (DCF) method. Anyone interested in learning aRead More...

  • Should You Buy Mineral Resources Limited (ASX:MIN)?
    Simply Wall St.9 months ago

    Should You Buy Mineral Resources Limited (ASX:MIN)?

    Mineral Resources Limited (ASX:MIN), a metals and mining company based in Australia, saw a double-digit share price rise of over 10% in the past couple of months on the ASX.Read More...

  • Materials Dividend Stocks That Will Add Value To Your Portfolio
    Simply Wall St.9 months ago

    Materials Dividend Stocks That Will Add Value To Your Portfolio

    A favourable economic condition has been a large driver of growth for companies in the materials industry. Thus, there is ample opportunity to take advantage of improving economic conditions whichRead More...