Mineral Resources’ total production increases quarter-on-quarter | Finance News Network

Mineral Resources’ total production increases quarter-on-quarter

Company News

by Kathy Skantzos

Mining company Mineral Resources (ASX:MIN) reports it has produced more than 3 million tonnes and shipped almost 2.5 million tonnes of iron ore during the quarter, similar results to the previous quarter.

The miner also produced 1.1 million tonnes and shipped more than 1 million tonnes of lithium during the quarter, which superseded the previous quarter.

The company says it is considering options for the Yilgarn project following a State Government decision not to approve mining in the area, and will wind down mining at the project towards the end of the year.

The miner completed an acquisition of Empire Oil and Gas assets in Western Australia in December 2017.

The company received a matching rights notice from oil and gas company AWE (ASX:AWE) yesterday to top Japanese company Mitsui’s takeover bid of the company.

Shares in Mineral Resources (ASX:MIN) closed 0.05 per cent lower yesterday at $18.82.

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.