Business Description:
Mineral Resources Limited (MIN) is a leading Australian based diversified mining service, contracting, processing and commodities production company which operates its activities through subsidiaries. MIN's portfolio of market brands includes PIHA, Crushing Services International, Process Minerals International, Polaris Metals and Mesa Minerals.

Strategy Analysis:
MIN's core business focuses on profitability via cost and cash management. The company anticipates long term growth in the resources sector to facilitate contracting, crushing and processing opportunities in commodities that are supply constrained. This is to be further sustained via partnership links with mining houses. MIN is also focused on the acquisition of complementary, earnings accretive business operations to expand geographic and commodity business functions. The company has a focus on staff though investing in management and operating teams as well as maintaining a strong safety, performance and turnover record across the board. Mineral Resources reported NPAT up 55.1% to $150.96m for the year ended 30 June 2011. Revenues from ordinary activities were $609.52m, up 95% from last year. Diluted EPS was 86.5 cents compared to 66.9 cents last year. Net operating cash flow was $116.76m compared to $150.99m last year. The final dividend declared was 27 cents, taking the full year dividend to 42 cents compared with 20 cents last year.