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Mineral Resources Releases Global High Yield Conference Presentation

02 Mar 2021  |  18:50:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Global High Yield Conference Presentation

Mineral Resources released high yield conference reporting revenue of A$1.5bn and A$763m Underlying EBITDA. The Company recorded Operating Cash Flow of A$516m. The Company Completed construction of 750Ktpa Wodgina spodumene plant. Created MARBL JV: received US$820m cash and 40% of Kemerton lithium hydroxide plant. The Company provided a long term energy security to achieve lower cost energy and a reduced carbon footprint while generating 20% ROIC. In response to COVID-19 health and safety measure the Company purchased PCR testing units and operate the southern hemisphere's largest private industry screening facilities 100k tests completed, trained 40 nurses in the swab screening process and more.

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