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Mineral Resources Limited (ASX:MIN)

ALERT: Price-sensitive ASX Announcement for MIN
Current share price for MIN : $57.790 4.69 (8.83%)+
Announcement
Release
29 Jul 2026 8:21AM
Price at Release
$53.100
Full Release
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Summary
Mineral Resources Limited (MinRes) reported its financial and operational results for the fourth quarter of the fiscal year 2026, achieving or exceeding its guidance across all business segments. The company's Mining Services, Iron Ore, and Lithium divisions reported record annual volumes, with Mining Services producing 341 million tonnes, an increase of 22% year-on-year. In Iron Ore, the Onslow Iron and Pilbara Hub projects shipped a combined total of 19.7 million wet metric tonnes (wmt), surpassing guidance. Lithium production also exceeded expectations, with Wodgina and Mt Marion achieving record sales. Financially, MinRes improved its liquidity to $2.4 billion and reduced net debt to approximately $4.3 billion. The company also issued US$1.3 billion in new Senior Unsecured Notes to refinance existing debt obligations. Safety performance metrics showed a Total Reportable Injury Frequency Rate of 3.33 and a Lost Time Injury Frequency Rate of 0.00, underscoring a strong safety culture. MinRes continues to invest in projects and infrastructure to support future growth, including the construction of a flotation plant and underground mining developments.
Key Points
  • Record annual volumes achieved in Mining Services, Iron Ore, and Lithium segments.
  • Mining Services production up 22% year-on-year.
  • Onslow Iron and Pilbara Hub projects exceed shipping guidance.
  • Record lithium sales at Wodgina and Mt Marion.
  • Liquidity improved to $2.4 billion, net debt reduced to $4.3 billion.
  • Issued US$1.3 billion in new Senior Unsecured Notes.
  • Safety performance metrics showed TRIFR of 3.33 and LTIFR of 0.00.
  • Continued investment in infrastructure and growth projects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.