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 the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.