Market Information

Mineral Resources Limited: A Comprehensive Guide

Market Information

Mineral Resources Limited (ASX: MIN) is a leading mining services company headquartered in Perth, Western Australia. It has a diverse portfolio of mining operations, including iron ore, gold, lithium, and other minerals.

The company's stock is listed on the Australian Securities Exchange (ASX) under the ticker symbol "MIN". As of August 2023, MIN has a market capitalization of approximately $10 billion.

Industry Performance

The mining industry has been experiencing a boom in recent years, driven by strong demand for commodities from China and other emerging economies. This has led to increased profitability for mining companies, including Mineral Resources.

However, the industry is also facing some challenges, such as rising costs and environmental concerns. Mineral Resources is working to address these challenges by investing in new technologies and sustainable practices.

Key Figures

• Revenue: $10.2 billion (FY2022)
• Net income: $1.9 billion (FY2022)
• Earnings per share: $1.02 (FY2022)
• Dividend yield: 3.5% (as of August 2023)

Investment Considerations

Mineral Resources is a well-established company with a strong track record of profitability. The company is also well-positioned to benefit from the continued growth of the mining industry.

However, investors should be aware of the risks associated with investing in the mining sector, such as commodity price volatility and environmental concerns. It is important to conduct thorough research before making any investment decisions.

For more information on Mineral Resources Limited, please visit the company's website: https://www.mineralresources.com.au/.