Mineral Resources says diversification key to revenue increase
Mineral Resources says diversification key to revenue increase Mineral Resources (MinRes) (ASX: MIN) has announced its financial results for H1 FY24, reporting strong operational performance across all businesses. The miner says revenue was up 7% to $2.51b, with underlying earnings before interest, tax, depreciation and amortisation of $674m. A diversified business model was key to the solid financial results, despite weaker lithium prices, according to the miner. ? MinRes managing director Chris Ellison says “incredible progress was made on Onslow Iron over the half”. “We currently have more than 2,000 people working on the project, with first ore-on-ship on target for June 2024,” he said. “Our unique ‘build, own,...