Mineral Resources quashes allegations, newspaper to back peddle

Company News

by Jessica Amir

Iron ore and lithium mining and service company, Mineral Resources (ASX:MIN) has quashed a story the Australian newspaper published about alleged hindered Roy Hill projects in the Pilbara region of WA.

The story noted that, ‘Rinehart faced a big bill for a Roy Hill overhaul’, referring to the sites crushing operations that Mineral Resources operates, but today, the paper will publish a correction notice, back peddling.

The company’s Crushing Services International (CSI) contract and other services remain and have been effective since the start of the contract.

The company’s, Roy Hill and Mineral Resources’ CSI started working together at the beginning of this year.

Shares in Mineral Resources (ASX:MIN) closed 3.41 per cent lower to $18.13

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.