Mineral Resources Limited

( ASX:MIN ) - Materials


MinRes Doubles Down On Wodgina Lithium

Perth-based Mineral Resources is looking to raise $US750 million ($A1.05 billion) in new debt as it looked to restructure some existing loans and replenish its cash reserves as it pushes ahead with its huge Wodgina lithium processing plant in the Pilbara with US lithium giant, Albermarle.

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MinRes’s Quiet Downgrade

One small point seems to escaped the market amid all the enthusiasm yesterday for Mineral Resources shares after its $1.6 billion sale of 50% of its Wodgina project to US lithium giant, Albemarle and that was the quiet earnings downgrade for 2018-19.

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Analyst Views