Mineral Resources Limited
Mineral Resources Limited (MinRes) is a diversified mining services and resources company operating primarily in Western Australia, with activities in iron ore, lithium, energy, and mining services. It delivers mining services to major mining companies through its wholly-owned subsidiary CSI Mining Services while also developing its own iron ore and lithium operations.www.mineralresources.com.au
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Search complete. 49 mentions across 37 episodes found for "Mineral Resources Limited".
Oct 23, 2026
Laura BesaratiHOST
It's up around 5% to be the best performer of the day.
Steve DaghlianHOST
We've got mineral resources down around 4.3% today.
Steve DaghlianHOST
This is a company that produces both iron ore and also lithium.
Steve DaghlianHOST
So in the quarterly update, it said that it exported a record amount of lithium.
Andrew GaganHOST
Rio Tinto flagging a US$1.9 billion investment to develop an oxide project in Queensland.
Andrew GaganHOST
Mineral Resources, a 6% fall in attributable iron ore shipments and a 23% climb in realised lithium prices.
Andrew GaganHOST
Well, a lot to unpack, particularly what we're going on with commodities at the moment.
Andrew GaganHOST
Let's do that.
Matt SnodgrassHOST
That is above the $299 million consensus at Bloomberg.
Matt SnodgrassHOST
Elsewhere, we had Mineral Resources, MIN.
Matt SnodgrassHOST
That stock is trading down at the moment.
Matt SnodgrassHOST
We're seeing the likes of the broader materials space trading down.
Matt SnodgrassHOST
but Minres down about 2.9%.
Matt SnodgrassHOST
They recorded lithium sales of 270,000 tonnes in the September quarter, up 8% on the previous quarter, which helped the company reduce debt by $200 million to $4.1 billion.
Matt SnodgrassHOST
The balance sheet for mineral resources has been a key overhang over the business.
Matt SnodgrassHOST
They've managed to sort some of that out over the last couple of quarters.
Henry JenningsHOST
Pilbara down 8.1%.
Henry JenningsHOST
Mineral Resources down 4.3%.
Henry JenningsHOST
Linus down 5.9%.
Henry JenningsHOST
SRL, Scandium.
Henry JenningsHOST
We also had today, just to add some frissons to the market, RBA's deputy governor sent expectations for rate up and for house prices down.
Henry JenningsHOST
Not good for residential markets.
Henry JenningsHOST
The ASX, we had some mineral resources results out today, not particularly good there.
Henry JenningsHOST
That was one of the stocks in focus and it certainly was.
Steve DaghlianHOST
Now, it came out with an update.
Steve DaghlianHOST
It actually kept its outlook steady for the year, but at the same time, it did warn that it might need to cut annual goals if negotiations with China don't go well by December this year because of ongoing negotiations with China's state-owned China Mineral Resources Group.
Steve DaghlianHOST
Essentially, China wants a larger role in negotiating iron ore contracts on behalf of Chinese steelmakers for better commercial terms.
Steve DaghlianHOST
from major miners.
Laura BesaratiHOST
We have American Airlines among those out with their results.
Laura BesaratiHOST
We do get a weekly update on initial jobless claims out of the United States.
Laura BesaratiHOST
And then locally tomorrow, Mineral Resources, Whitehaven Coal, Zipco and Alkine Resources will all be out with quarterlies.
Laura BesaratiHOST
And then we have some AGMs from companies like Temple and Webster, which did fall heavily today, Aussie Broadband and also Reliance Worldwide.
Gillian BowenHOST
Let's take a look at what's on the watch list.
Gillian BowenHOST
In Australia, there are quarterly updates from mineral resources, Whitehaven Coal and Zip, and AGM season continues with Reliance Worldwide, Aussie Broadband and Temple & Webster among those with AGMs today.
Gillian BowenHOST
In the US, American Express is reporting earnings.
Gillian BowenHOST
All right, it's time for our one more thing before we go.
Juliet SalhiHOST
And then looking ahead tomorrow, Friday, October PMI preliminary read, Japan September CPI.
Juliet SalhiHOST
AGMs from quite a few companies, including Temple & Webster and Reliance Worldwide, and quarterly updates from Minres, Whitehaven Coal and Zip.
Juliet SalhiHOST
So let's recap where the local market has finished.
Juliet SalhiHOST
Down a third of 1% there on the SIBO 200.
Henry JenningsHOST
bought for your new place so i'm not sure why anyone was surprised it was down 15 yesterday temple and webster fell into the same boat uh revenue slipping eight percent full year earnings of 33 to 40 million growth around 50 to 80 percent from previous financial year and they're going to launch a dedicated new zealand website using ai agents to handle much of its operation Yup, that's going to surely go well.
Henry JenningsHOST
Mineral Resources lithium sales hit a record high, cut its debt by another 200 million bucks to only 4.1 billion.
Henry JenningsHOST
Lithium sales of 170,000 tonnes, which was up 8%.
Henry JenningsHOST
Iron ore shipments, though, fell 6%, warning that higher diesel prices would begin flowing through to operating costs from October.
Henry JenningsHOST
Liontown, though, managed a 0.7% gain.
Henry JenningsHOST
And Mineral Resources down 2.4%.
Henry JenningsHOST
Linus down 1.5% there.
Henry JenningsHOST
South32 bucking the trend up 0.9 of a percent.
Howard KleinHOST
But I remember back in the day, you mentioned iron ore, Fortescue built their own rail line, right? And then they charged, you know, like BC Iron, um, I think it was, and, and some others, for access to that.
Howard KleinHOST
Uh, MinRes built some of their own infrastructure, and then off balance sheet, I think they sold a, a, a piece of it to, you know, Morgan Stanley.
Howard KleinHOST
So I j- we need to look into more of this, but there, there was some kind of commentary on Twitter as just like, okay, is this a bit, 1.9 bill- look, what's the CapEx of this project? Is it 1.9 or is it 2.5 billion, right? And that depends on how much of this is, uh, off PLS's balance sheet versus what the government, you know, may get.
Howard KleinHOST
But a-anyhow, I, uh ...
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