Mineral Resources Ltd (MRL) is a diversified provider of mining services. It builds, owns, and operates screening, general mines, crushing, and processing and material handling infrastructure. The company also produces and exports iron ore, spodumene, lithium, manganese, and garnet. Its project portfolio includes Utah Point hub, Yilgarn hub, Onslow Iron project, Mt Marion lithium project and Wodgina lithium project. The company’s portfolio of services includes mineral processing, plants and equipment rental services, and fabrication of mining and processing plants. It provides design, engineering, and construction services for the energy sector. The company provides service in Australia, China, New Zealand, the UK, and the US. MRL is headquartered in Perth, Western Australia, Australia.
Headquarters
Australia
Address
20 Walters Drive, Osborne Park, Perth, Western Australia, 6017
Website
www.mineralresources.com.au
Telephone
61 8 93293600
No of Employees
5,687
Industry
Metals and Mining
Ticker Symbol & Exchange
MIN (ASX)
Revenue (2023)
$3.3B
-8.5%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-72.5%
(2023 vs 2022)
Market Cap*
$8.4B
Net Profit Margin (2023)
XYZ
-50.2%
(2023 vs 2022)
* As of and is in US$
Mineral Resources Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Iron | Screening |
| Lithium | Crushing |
| Spodumene | Mineral Processing |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In September, the company entered into an implementation agreement with the Deed Administrators of Alita Resources Limited (Alita) to acquire the Bald Hill lithium mine in Western Australia. |
| 2023 | Acquisitions/Mergers/Takeovers | In August, the company acquired a 14.24% stake in Delta Lithium. |
| 2023 | Financing Agreements | In August, the company invested US$17.5 million in Binding Solutions Limited. |
Competitor Comparison
| Key Parameters | Mineral Resources Ltd | Perenti Ltd | Macmahon Holdings Ltd | MACA Ltd | Base Resources Ltd |
|---|---|---|---|---|---|
| Headquarters | Australia | Australia | Australia | Australia | Australia |
| City | Perth | Perth | Perth | Welshpool | Perth |
| State/Province | Western Australia | Western Australia | Western Australia | Western Australia | Western Australia |
| No. of Employees | 5,687 | 9,000 | 8,368 | 3,700 | 1,744 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Chris Ellison | Managing Director; Director | Executive Board | 2006 | - |
| Mark Wilson | Chief Financial Officer; Secretary | Senior Management | 2018 | - |
| Mike Grey | Chief Executive-Mining Services | Senior Management | - | - |
| Darren Hardy | Chief Executive- Energy | Senior Management | 2023 | - |
| Joshua Thurlow | Chief Executive- Lithium | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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