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 joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.