ASX:MINMetals and Mining
Does Mineral Resources (ASX:MIN) Balance Sheet Pivot Reshape Its Iron Ore And Lithium Investment Case?
Mineral Resources has recently brought its Onslow Iron project up to its full 35 million tonnes per annum capacity, triggered a A$200 million contingent payment, restarted the Bald Hill lithium mine and completed a US$765 million sale of a 30% lithium stake to POSCO Holdings, all aimed at strengthening cash generation and the balance sheet.
These moves highlight how Mineral Resources is leaning on its mix of mining services, iron ore and lithium assets to support funding needs while it works...