MIN – Macquarie rates the stock as No Rating

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Mineral Resources has acquired the Kumina iron ore project for $27m. This acquisition expands the company’s iron ore footprint in the Pilbara but, given the location, Macquarie finds it unclear if Mineral Resources will be able to incorporate the project into its infrastructure system.

Macquarie is currently on research restrictions and cannot advise a rating or target.

Sector: Materials.

Current Price is $15.47. Target price not assessed.

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