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www.company360.com.au | 13 23 33 MINERAL RESOURCES LIMITED - 1 -
15 February 2016
*Disclaimer: Top 20 Shareholder lists data is collected from annual reports and is only refreshed once a year.
Shareholder data displayed in the table is a listing of all companies that own shares in the target company.
MINERAL RESOURCES LIMITED
1 Sleat Road,
Applecross, WA
Australia, 6153
Phone: 08 9329 3600
http://www.mineralresources.com.au
www.company360.com.au | 13 23 33 MINERAL RESOURCES LIMITED - 2 -
15 February 2016
Table of Contents
360 VIEW....................................................................................................................................................................................... 3
SUMMARY..................................................................................................................................................................................... 5
MARKET DATA ............................................................................................................................................................................. 7
FINANCIALS.................................................................................................................................................................................. 9
P & L/Income Statement .................................................................................................................................................. 9
Balance Sheet ................................................................................................................................................................. 12
Cash Flow Statement ......................................................................................................................................................16
Ratios............................................................................................................................................................................... 18
OPERATIONS ............................................................................................................................................................................. 20
INDUSTRIES ............................................................................................................................................................................... 21
SIGNIFICANT EVENTS............................................................................................................................................................... 22
COMPETITORS........................................................................................................................................................................... 23
PROFESSIONAL SERVICES......................................................................................................................................................24
PEOPLE....................................................................................................................................................................................... 25
BIOGRAPHIES ............................................................................................................................................................................ 25
STRUCTURE & SHAREHOLDERS.............................................................................................................................................27
FAMILY TREE ............................................................................................................................................................................. 29
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www.company360.com.au | 13 23 33 MINERAL RESOURCES LIMITED - 3 -
15 February 2016
360 View
Summary
Mineral Resources Limited (MIN) is an Australia based mining service, contracting, processing and commodities production
company. MIN's portfolio of market brands comprise of: PIHA, Crushing Services International and Process Minerals
International; its minerals producer market brands are Polaris Metals and Mesa Minerals.
Key Information
Address 1 Sleat Road
Applecross WA 6153 Australia
Phone 08 9329 3600
Web http://www.mineralresources.com.au
DUNS Number 754519283
ACN 118549910
Company Type Public, ASX: MIN
Number of Employees 2000
Key Statistics
Revenue from continuing operations (as of 2015)
Growth
$1,299,063
(31.59%)
EBIT
EBIT Growth
$115,553
(66.50%)
EBIT Margin -
Profit from continuing op’s after tax
Growth
$12,544
(94.56%
note: all monetary values are expressed in ($000s)
*Disclaimer: number of employees and associated financial ratios are derived from sources other than the company annual report.
www.company360.com.au | 13 23 33 MINERAL RESOURCES LIMITED - 4 -
15 February 2016
More Information
Physical Address 1 Sleat Road
Applecross WA 6153 Australia
Phone 08 9329 3600
URL http://www.mineralresources.com.au
DUNS 754519283
ACN 118549910
ABN 33118549910
Company Type Public, ASX: MIN
Line Of Business This company is engaged in the provision of mining services;
holding company.
Primary SIC 1081
Import/Export Neither
Registered Name MINERAL RESOURCES LIMITED
Previous Entity Name MINERAL RESOURCES LIMITED
A.C.N. 118 549 910 LTD
Postal Address Locked Bag 3 Canning Bridge
Applecross WA 6153 Australia
Place of Incorporation WA
ASIC Status Registered
ASIC Company Type Public, ASX: MIN
ASIC Company Class Limited by shares
ASIC Company Sub-Class Listed on the Australian Securities Exchange
www.company360.com.au | 13 23 33 MINERAL RESOURCES LIMITED - 5 -
15 February 2016
Summary
Mineral Resources Limited (MIN) is an Australia based mining service, contracting, processing and commodities production
company. MIN's portfolio of market brands comprise of: PIHA, Crushing Services International and Process Minerals
International; its minerals producer market brands are Polaris Metals and Mesa Minerals.
29 Jan 2016
Mineral Resources provided its December 2015 quarterly exploration and mining activities report. The Company's production
from two operating mines was 3.1mt, which was in line with production volumes achieved in Q1. Total export volumes for the
quarter of 3.26mt were 24% higher compared with Q1. This reflects an increase in both Carina and Iron Valley shipments. The
Company is continuing to work with the Southern Ports Authority, CBH and Brookfield Rail to enable the Company to
progressively transfer Yilgarn iron ore exports from the Kwinana port to the Esperance port. The Company also continued to
progress its application for environmental approvals for J5 and Bungalbin East. Construction activities commenced at the Mount
Marion project site during Q2 FY 2016.
29 Dec 2015
Mineral Resources released an update advised by Moly Mines as a consequence of an inability to agree on components of the
final payment under the Iron Ore Sale and Purchase Agreement ("IOSPA") between Moly Mines and the Company, an Expert's
report was received for the final payment under the Iron Ore Sale and Purchase Agreement. If the Expert's report is correct and
after all the appropriate off-sets the Company would result in A$4.2m being payable by Moly Mine to the Company in the
December 2015Q. Moly Mines considers that the Expert's determination of Available Tonnages under the IOSPA is not valid. On
24 December 2015, MOL received a generally indorsed writ of summons from the Company claiming A$4.9m and is currently
reviewing the writ to determine the appropriate course of action.
19 Nov 2015
Mineral Resources announced an on-market buy-back of up to 187,859,873 of outstanding shares for capital management
purposes. The buy-back will commence from 4 December 2015 to 3 December 2016.
19 Nov 2015
Mineral Resources provided AGM presentation, reporting that revenue was $1,307m in FY15 as compared to $2,015m in FY14.
NPAT reported to be $109m. EBITDA reported to be $283m. The Company stated that depreciation and amortisation was
reduced by 35% primarily due to the sale of Fortescue plant in 2014. The growth of existing business was due to expanded
annuity build own operate business through contract extensions and new contracts with existing and new Clients. The Company
has completed the design and construction of manufacturing equipment to produce carbon fibre components. The Company
anticipates EBITDA to be in the range of $250m and $290m in 2016. The Company intends to enter into an on-market share
buyback scheme to raise $40m.
30 Oct 2015
Mineral Resources provided its quarterly activities report stating that mine production from Company's two operating mines was
over 3m/t for the quarter with production from Iron Valley increasing by 9% compared with the previous quarter. The total export
volumes for the quarter of 2.6m/t were marginally higher compared with the previous quarter. Iron Valley mining and crushing
operations achieved budgeted performance for the quarter. Haulage and shipping of product were marginally below budget. The
development of Bulk Ore Transportation System is progressing as planned. Carina mining, crushing and haulage operations
achieved budgeted performance for the quarter. Shipping of product was below budget due to throughput restrictions at the
KBT2 ship loader during the quarter.
21 Sep 2015
Mineral Resources and Noemetals as joint owners of the Mt Marion Lithium Project announced via Reed Industrial Minerals, a
new Mineral Resource Estimate for the Mt Marion lithium project prepared by Snowden Mining Industry Consultants. The results
of the study have increased the Mineral Resource Estimate to Indicated and Inferred Mineral Resources of 23.24Mt at 1.39%
Li2O and 1.43% Fe2O3, at a cut-off grade of 0% Li2O, compared to 14.8Mt at 1.3% Li2O, at a cut-off grade of 0.3% Li2O
previously. This represents a substantial increase in the size of the Mineral Resource, equating to a 66% increase in the total
contained lithium at the Project. The zero cut-off grade reflects the strategy of mining to the lithium-bearing pegmatite contacts.
20 Aug 2015
Mineral Resources reported NPAT down 94.45% to $12.81m for the year ended 30 June 2015. Revenue from ordinary activities
were $1,299.06m, down 31.59% from last year. Basic and Diluted EPS were 6.85 cents compared to 124.1 cents last year. Net
operating cash flow was $52.35m compared to $566.56m last year. The final dividend declared was 15 cents, taking the full year
dividend to 22.5 cents compared with 62 cents last year.
www.company360.com.au | 13 23 33 MINERAL RESOURCES LIMITED - 6 -
15 February 2016
www.company360.com.au | 13 23 33 MINERAL RESOURCES LIMITED - 7 -
15 February 2016
Market Data
Share Quote as at Monday, 15 February 2016 11:23:08 AM
Code Buy Sell Last Change* % Change*
MIN 4.04 4.05 4.05 0.12 3.1%
Open High Low Volume Trades Turnover
3.99 4.06 3.96 86,752 256 $349,841
Latest ASX news for MIN
Date Summary
2/02/2016 4:19:36 PM Half Year Results Calendar
29/01/2016 4:53:30 PM Form 484 - cancellation of shares
29/01/2016 4:24:01 PM Quarterly Activities Report
21/01/2016 9:15:34 AM Change in substantial holding
20/01/2016 4:34:25 PM Change in substantial holding
19/01/2016 7:30:10 PM Daily share buy-back notice - Appendix 3E
18/01/2016 7:35:22 PM Daily share buy-back notice - Appendix 3E
15/01/2016 6:19:58 PM Daily share buy-back notice - Appendix 3E
14/01/2016 8:01:58 PM Daily share buy-back notice - Appendix 3E
www.company360.com.au | 13 23 33 MINERAL RESOURCES LIMITED - 8 -
15 February 2016
6/01/2016 8:23:15 PM Daily share buy-back notice - Appendix 3E
www.company360.com.au | 13 23 33 MINERAL RESOURCES LIMITED - 9 -
15 February 2016
Financials
P & L / Income Statement
Note: all monetary values are expressed in ($000s) of AUD (except earnings per share).
D&B obtains its financial data from a number of sources not controlled by D&B. Whilst D&B has processes in place for updating
the information contained in this product, D&B makes no warranty that the information provided is correct or free from error and
will not accept any liability for, or be responsible for, any errors that are contained therein.
2015
AUD
2014
AUD
2013
AUD
2012
AUD
2011
AUD
Income Statement - - - - -
Revenue from continuing
operations ($000s)
$1,299,063 $1,899,032 $1,096,982 $925,857 $609,518
Growth (31.59%) 73.11% 18.48% 51.90% -
Cost of sales ($000s) ($155,204) ($195,968) ($139,522) ($183,582) ($91,735)
Gross profit ($000s) $1,143,859 $1,703,064 $957,460 $742,275 $517,783
Growth (32.84%) 77.87% 28.99% 43.36% -
Other income ($000s) $8,437 $116,597 $8,353 $13,036 $28,734
Administrative expenses ($000s) ($172,956) ($341,209) ($178,105) ($153,100) ($66,667)
Finance costs ($000s) ($7,728) ($17,768) ($5,550) ($6,437) ($5,638)
Share of associate profits/(losses)
($000s)
- - - - -
Profit/(loss) from continuing
operations before income tax
($000s)
$107,825 $327,152 $250,522 $224,200 $208,915
Growth (67.04%) 30.59% 11.74% 7.32% -
Income tax expense ($000s) ($95,281) ($96,616) ($70,104) $18,039 ($58,422)
Profit from continuing operations
after income tax ($000s)
$12,544 $230,536 $180,418 $242,239 $150,493
Growth (94.56%) 27.78% (25.52%) 60.96% -
Profit/(loss) from discontinued
operations after tax ($000s)
- - - - -
Profit/(loss) from restructuring
activites after tax ($000s)
- - - - -
Profit/(loss) from disposals of
property, plant and equipment after
tax ($000s)
- - - - -
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15 February 2016
Profit/(loss) from disposals of
investments after tax ($000s)
- - - - -
Net profit for the period ($000s) $12,544 $230,536 $180,418 $242,239 $150,493
Attributable To: - - - - -
Minority interest ($000s) - ($551) ($877) $35 ($464)
Members of the parent ($000s) - $231,087 $181,295 $242,204 $150,957
Weighted average number of
ordinary shares for basic earnings
per share (000s)
187,139 186,210,291 185,988 183,079 -
Weighted average number of
ordinary shares for diluted earnings
per share (000s)
- - - - -
Basic earnings per share from
continuing operations (cents)
7 124 97 132 -
Diluted earnings per share from
continuing operations (cents)
7 124 97 131 -
Basic earnings per share (cents) 7 124 97 132 -
Diluted earnings per share (cents) 7 124 97 131 -
EBITDA ($000s) $242,457 $541,604 $383,130 $299,359 $240,828
Growth (55.23%) 41.36% 27.98% 24.30% -
EBIT ($000s) $115,553 $344,920 $256,072 $230,637 $214,553
Growth (66.50%) 34.70% 11.03% 7.50% -
Expenses included in income
statement
- - - - -
Depreciation of property plant and
equipment ($000s)
$0 $0 ($98,779) $0 $0
Impairment of property plant and
equipment ($000s)
$0 $0 $0 $0 $0
Amortisation of intangible assets
($000s)
$0 $0 ($28,279) $0 $0
Other Depreciation and
Amortisation Expense ($000s)
($126,904) ($196,684) - ($68,722) ($26,275)
Impairment of intangible assets
($000s)
$0 $0 $0 $0 $0
Total depreciation, amortisation and
impairment ($000s)
($126,904) ($196,684) ($127,058) ($68,722) ($26,275)
Growth - - - - -
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15 February 2016
Salaries and wages ($000s) - - - - -
Defined contribution
superannuation expense ($000s)
- - - - -
Defined benefit superannuation
expense ($000s)
- - - - -
Share-based payments expense
($000s)
- - - - ($135)
Other employee benefits expense
($000s)
($222,170) ($244,897) ($159,690) ($113,595) ($82,624)
Total employee benefits expense
($000s)
($222,170) ($244,897) ($159,690) ($113,595) ($82,759)
Number of employees - - - - -
Lease payments included in income
statement ($000s)
- - - - -
Interest expense ($000s) ($7,728) ($17,768) ($5,550) - -
Finance charges payable under
finance leases and hire purchase
($000s)
- - - - -
Other finance costs ($000s) - - - ($6,437) ($5,638)
Total finance costs ($000s) ($7,728) ($17,768) ($5,550) ($6,437) ($5,638)
Research and development costs
($000s)
- - - ($43,963) -
www.company360.com.au | 13 23 33 MINERAL RESOURCES LIMITED - 12 -
15 February 2016
Financials
Balance Sheet
Note: all monetary values are expressed in ($000s) of AUD (except earnings per share).
2015
AUD
2014
AUD
2013
AUD
2012
AUD
2011
AUD
Balance Sheet - - - - -
Current Assets - - - - -
Cash and cash equivalents ($000s) $209,814 $206,454 $57,832 $76,282 $180,456
Growth 1.63% 256.99% (24.19%) (57.73%) -
Trade receivables ($000s) $136,352 $142,862 $196,943 $141,900 $107,002
Other receivables ($000s) - - - - -
Raw materials ($000s) $12,323 $10,557 $17,101 $60,373 $17,043
Work-in-progress ($000s) $15,014 $23,483 $20,908 $6,748 -
Finished goods ($000s) $46,110 $77,000 $37,680 $0 $2,357
Total inventories ($000s) $73,447 $111,040 $75,689 $67,121 $19,400
Prepayments ($000s) - - $5,896 $1,771 $2,013
Derivative financial instruments
($000s)
- - - - -
Other current assets ($000s) $8,539 $193,989 $0 $5 $4,044
Total current assets for continuing
operations ($000s)
$428,152 $654,345 $336,360 $287,079 $312,915
Assets held for sale ($000s) - - - - -
Total current assets ($000s) $428,152 $654,345 $336,360 $287,079 $312,915
Growth (34.57%) 94.54% 17.17% (8.26%) -
Non-current assets - - - - -
Receivables ($000s) $11,053 $6,511 $113 $3,298 $3,385
Investments in associates ($000s) $190 $190 $190 $190 $190
Investments in subsidiaries ($000s) - - - - -
Available for sale financial assets
($000s)
$0 $0 $2,712 $0 $0
Derivative financial instruments - - - - -
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15 February 2016
($000s)
Property, plant and equipment
($000s)
$672,107 $660,917 $905,011 $584,148 $319,494
Intangible assets and goodwill
($000s)
$61,746 $66,701 $72,849 $76,029 $44,024
Deferred tax assets ($000s) $38,395 $87,784 $83,330 $83,704 $24,386
Other non-current assets ($000s) $379,933 $381,770 $403,868 $401,481 $265,663
Total non-current assets ($000s) $1,163,424 $1,203,873 $1,468,073 $1,148,850 $657,142
TOTAL ASSETS ($000s) $1,591,576 $1,858,218 $1,804,433 $1,435,929 $970,057
Growth (14.35%) 2.98% 25.66% 48.03% -
TOTAL ASSETS FOR PREVIOUS
YEAR ($000s)
$1,858,218 $1,804,433 $1,435,929 $970,057 $844,816
Growth 2.98% 25.66% 48.03% 14.82% -
Current liabilities - - - - -
Trade payables ($000s) $142,021 $194,921 $164,510 $162,374 $89,837
Other payables ($000s) - - - - -
Overdrafts ($000s) - - - - -
Loans - secured ($000s) - - - $194 $50,000
Loans - unsecured ($000s) - $40,000 $40,000 - -
Obligations under finance leases
and hire purchase ($000s)
$20,731 $4,000 $40,376 $34,560 $14,378
Loans from related parties ($000s) - - - - -
Total current interest-bearing loans
and borrowings ($000s)
$20,731 $44,000 $80,376 $34,754 $64,378
Income tax payable/(refundable)
($000s)
- $63,277 $6,635 $4,985 $26,275
Provisions ($000s) $39,367 $23,704 $16,397 $13,628 $9,304
Derivative financial instruments
($000s)
- - - - -
Other current liabilities ($000s) $19,755 $132,229 $38,972 $0 $1,853
Total current liabilities for
continuing operations ($000s)
$221,874 $458,131 $306,890 $215,741 $191,647
Liabilities directly associated with
assets held for sale ($000s)
- - - - -
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15 February 2016
Total current liabilities ($000s) $221,874 $458,131 $306,890 $215,741 $191,647
Growth (51.57%) 49.28% 42.25% 12.57% -
Total current liabilities for previous
year ($000s)
$458,131 $306,890 $215,741 $191,647 $180,584
Growth 49.28% 42.25% 12.57% 6.13% -
Non-current liabilities - - - - -
Loans - secured ($000s) - - $228,968 $112,864 $8,596
Loans - unsecured ($000s) - $69,000 - - -
Obligations under finance leases
and hire purchase ($000s)
$70,892 $12,708 $58,774 $39,457 $29,063
Loans from related parties ($000s) - - - - -
Total non-current interest-bearing
loans and borrowings ($000s)
$70,892 $81,708 $287,742 $152,321 $37,659
Derivative financial instruments
($000s)
- - - - -
Deferred tax liabilities ($000s) $182,806 $168,285 $179,338 $141,762 $102,503
Provisions ($000s) $33,851 $10,785 $12,723 $9,354 $10,742
Convertible redeemable preference
shares ($000s)
- - - - -
Other non-current liabilities ($000s) $0 $0 $0 $0 $0
Total non-current liabilities ($000s) $287,549 $260,778 $479,803 $303,437 $150,904
TOTAL LIABILITIES ($000s) $509,423 $718,909 $786,693 $519,178 $342,551
Growth (29.14%) (8.62%) 51.53% 51.56% -
NET ASSETS ($000s) $1,082,153 $1,139,309 $1,017,740 $916,751 $627,506
Equity - - - - -
Equity attributable to equity holders
of the parent
- - - - -
Contributed equity ($000s) $504,771 $495,552 $490,562 $484,739 $359,619
Retained earnings ($000s) $555,925 $616,860 $501,183 $405,109 $242,104
Reserves ($000s) $1,371 $6,138 $5,981 $6,012 $4,927
Total Parent interests ($000s) $1,062,067 $1,118,550 $997,726 $895,860 $606,650
Minority interests ($000s) $20,086 $20,759 $20,014 $20,891 $20,856
TOTAL EQUITY ($000s) $1,082,153 $1,139,309 $1,017,740 $916,751 $627,506
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15 February 2016
Growth (5.02%) 11.94% 11.02% 46.09% -
TOTAL EQUITY FOR PREVIOUS
YEAR ($000s)
$1,139,309 $1,017,740 $916,751 $627,506 $485,679
Growth 11.94% 11.02% 46.09% 29.20% -
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15 February 2016
Financials
Cash Flow Statement
Note: all monetary values are expressed in ($000s) of AUD (except earnings per share).
2015
AUD
2014
AUD
2013
AUD
2012
AUD
2011
AUD
Cash flow statement - - - - -
Receipts from customers ($000s) $1,357,548 $2,048,915 $1,103,573 $894,940 $630,919
Payments to suppliers and
employees ($000s)
($1,208,854) ($1,455,286) ($746,578) ($602,696) ($438,076)
Interest paid ($000s) ($4,899) ($16,734) ($5,163) ($6,437) ($5,638)
Tax paid ($000s) ($94,497) ($55,291) ($30,921) ($47,961) ($1,631)
Other receipts ($000s) $3,052 $44,952 $8,353 $5,046 $5,122
Other payments ($000s) $0 $0 $0 $0 ($73,940)
Net cashflow from/(used in)
operating activities ($000s)
$52,350 $566,556 $329,264 $242,892 $116,756
Purchase of property plant and
equipment ($000s)
($110,084) ($148,944) ($387,102) ($277,843) ($161,030)
Purchase of intangibles ($000s) ($1,380) ($5,263) - ($33,632) ($1,527)
Proceeds from the sale of property
plant and equipment ($000s)
$2,281 $322,145 $0 $3,347 $63,929
Proceeds from the disposal of
investments/subsidiaries ($000s)
$0 $0 $0 $235 $0
Purchase of subisidiary/investment
($000s)
$0 $0 $0 $0 $0
Interest received ($000s) - - - - -
Dividends received ($000s) - - - - -
Other investing inflows/(outflows)
($000s)
$163,223 ($227,938) ($32,273) ($71,287) $14,461
Net cashflow from/(used in)
investing activities ($000s)
$54,040 ($60,000) ($419,375) ($379,180) ($84,167)
Proceeds from the issue of shares
($000s)
$0 $0 $0 $3,344 $0
Proceeds from borrowings ($000s) $0 $0 $223,789 $63,839 $0
Repayment of borrowings ($000s) ($34,084) ($242,410) ($71,912) ($23,100) ($15,817)
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15 February 2016
Repayment of finance lease
liabilities ($000s)
- - - - -
Interest Paid ($000s) - - - - -
Dividends paid ($000s) ($64,446) ($109,946) ($80,216) ($75,299) ($46,884)
Other inflows/(outflows) from
financing activities ($000s)
($4,500) ($5,578) $0 $63,330 $36,098
Net cash flows from/(used in)
financing activities ($000s)
($103,030) ($357,934) $71,661 $32,114 ($26,603)
Net increase/(decrease) in cash
and cash equivalents ($000s)
$3,360 $148,622 ($18,450) ($104,174) $5,986
Other increase/(decrease) in cash
and cash equivalents ($000s)
- - - - -
Net foreign exchange differences
($000s)
- - - - -
Cash and cash equivalents at the
beginning of the period ($000s)
$206,454 $57,832 $76,282 $180,456 $174,470
Cash and cash equivalents at the
end of the period ($000s)
$209,814 $206,454 $57,832 $76,282 $180,456
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15 February 2016
Financials
Ratios
Note: all monetary values are expressed in ($000s) of AUD (except earnings per share).
2015
AUD
2014
AUD
2013
AUD
2012
AUD
2011
AUD
Profitability ratios - - - - -
Return on equity 1.13% 21.38% 18.65% 31.37% 27.04%
Return on total assets 0.73% 12.59% 11.14% 20.14% 16.58%
Return on average capital
employed
8.34% 23.81% 18.84% 23.08% 29.74%
Gross margin 88.05% 89.68% 87.28% 80.17% 84.95%
EBITDA margin 8.9% 18.16% 11.76% 24.91% 35.2%
EBIT margin 8.9% 18.16% 23.34% 24.91% 35.2%
Profit from continuing operations
after tax margin
0.97% 12.14% 16.45% 26.16% 24.69%
Net profit margin 0.97% 12.14% 16.45% 26.16% 24.69%
Cashflow from operating
activities/Revenue
4.03% 29.83% 30.02% 26.23% 19.16%
Structural ratios - - - - -
Current ratio 1.93 1.43 1.1 1.33 1.63
Quick ratio 1.6 1.19 0.85 1.02 1.53
Interest-bearing loans and
borrowings/equity
8.47% 11.03% 36.17% 20.41% 16.26%
Interest cover (14.95) (19.41) (46.14) - -
Efficiency ratios - - - - -
Inventory turnover (times) 17.69 17.1 14.49 13.79 31.42
Collection period (days) 38.31 27.46 65.53 55.94 64.08
Credit period (days) 39.9 37.46 54.74 64.01 53.8
Employee benefits/revenue from
continuing operations
(17.1)% (12.9)% (14.56)% (12.27)% (13.58)%
Average employee costs per year - - - - -
Revenue from continuing - - - - -
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15 February 2016
operations/ employee
EBIT per employee - - - - -
Profit from continuing operations/
employee
- - - - -
Total assets per employee - - - - -
Total equity per employee - - - - -
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15 February 2016
Operations
PIHA Pty Ltd:
PIHA provides following products and services: Pipeline engineering and construction, PIHA's 'tight fit' HDPE lined steel,
Polyethylene pipe fittings and components, Rock trenching and terrain levelling, Cable Laying and Plant & equipment hire. PIHA
offers integrated project solutions for mine dewatering and pipeline construction, which has enabled the business to deliver
projects and upgrades to various clients.
Crushing Services International Pty Ltd:
CISA provides contract crushing, screening, processing and specialist mining services within the Australian and overseas
resources sector. CSI has an inventory of crushing and mineral processing equipment, acquired over many years in both
Western Australia and internationally. If the opportunity arises, CSI is able to supply refurbished plant and spare parts to clients
as required. CSI completed the engineering, procurement and construction processes for an additional 18 million tonnes per
annum of crushing capacity across Pilbara.
Process Minerals International Pty Ltd:
PMI is a minerals processor, producer and exporter with a pipeline of projects across Australia. PMI's services include
processing, production, logistics, ship loading, marketing and export of resources. PMI operates several tenements, focusing on
developing Carina Iron Ore Project, WA.
Polaris Metals Pty Ltd:
Polaris Metals is a developing iron ore producer with a pipeline of development projects and exploration targets across Western
Australia. Polaris' portfolio of iron ore assets comprises numerous known deposits and prospective targets across two of WA's
iron ore provinces, the Yilgarn and the Pilbara.
Mesa Minerals Ltd (64.23%):
Mesa is a manganese producer and developer of manganese technology solutions for manganese mining industry.
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15 February 2016
Industries
Key Industries
1081 - * Metal Mining Services
1429 - Crushed and Broken Stone, Not Elsewhere Classified
6719 - Offices of Holding Companies, Not Elsewhere Classified
* Identifies a company's primary SIC.
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15 February 2016
Significant Events
Mineral Resources backs Hazer Group float 03 Dec 2015
Mineral Resources has invested in a Western Australia-based technology company that turns natural gas into hydrogen,
according to The Australian Financial Review. The resources company has become the third-largest shareholder in the Hazer
Group, picking up 2 million shares or a 3.27% stake since it listed. Hazer Group holds the intellectual property rights to the
chemical engineering process and listed on the first week of December.
MinRes puts skyrail ore plan back on table 02 Nov 2015
Mineral Resources has begun negotiations with the West Australian government over a state agreement for its 330km Pilbara
skyrail, with the company informing investors it could make a final investment in the haulage platform next year. According to
The West Australian, the company said the design shift would see the abandonment of earlier plans to elevate the track on
2m to 3m pylons along its full length, and will instead see a lower concrete bedding being utilised. The change in design is
expected to significantly reduce the cost of laying the track.
MinRes subsidiary fined over worker injury 05 Oct 2015
Mineral Resources subsidiary Process Minerals International, the operator of the Woodie Woodie fines treatment plant in
Western Australia, has been fined $90,000 after it pleaded guilty to two charges of failing to provide a safe working
environment after a worker was injured in 2012. According to The West Australian, Process Minerals was charged after a
Department of Mines and Petroleum investigation into the injury of worker Meliton Garcia in October 2012. The company has
admitted to failing to provide a procedure for workers to safely unload pipes from a truck.
Mineral Resources suffers $30 million first-half loss 20 Feb 2015
Mineral Resources has booked a $30 million loss for the first half despite record iron ore exports, reports The West Australian.
Revenue was down 19% to $752 million, owing partly to sinking iron ore prices. The company also suffered two hefty one-off
expenses: a $65.2 million tax expense on the reversal of the Minerals Resource Rent Tax and a $15.9 million after-tax
impairment on the carrying value of manganese and iron ore stock. The company says its underlying net profit of $51 million
is in line with consensus estimates.
Mineral Resources suffers $30 million first-half loss 20 Feb 2015
Mineral Resources has booked a $30 million loss for the first half despite record iron ore exports, reports The West Australian.
Revenue was down 19% to $752 million, owing partly to sinking iron ore prices. The company also suffered two hefty one-off
expenses: a $65.2 million tax expense on the reversal of the Minerals Resource Rent Tax and a $15.9 million after-tax
impairment on the carrying value of manganese and iron ore stock. The company says its underlying net profit of $51 million
is in line with consensus estimates.
Mineral Resources reveals monorail plan 20 Feb 2015
Mineral Resources managing director Chris Ellison has announced plans to construct a monorail in the Pilbara, according to
the Australian Financial Review. The company, which is primarily engaged in the mining of iron ore, has patented an elevated
rail system “somewhere between a monorail and a train”, which it hopes to construct between Port Hedland port to BC Iron’s
Iron Valley mine. “We need to get a transport system that can put iron ore into China for the bottom quartile cost; less than
$US45 a tonne landed in China,” Ellison said. The project would commence in December and cost between $700 million and
$800 million.
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15 February 2016
Competitors
Company Name DUNS
DOWNER EDI LIMITED 751584327
AJ LUCAS GROUP LIMITED 751676412
MACMAHON CONTRACTORS PTY LTD 756006540
AUSDRILL LIMITED 757539440
BOART LONGYEAR LIMITED 755508954
BARMINCO LIMITED 752618954
MACA LIMITED 744100496
BARMINCO HOLDINGS PTY LIMITED 756263864
THYSSEN MINING CONSTRUCTION OF AUSTRALIA PTY LTD 750978728
ABIGROUP MINING SERVICES PTY LIMITED 755444171
EXACT MINING SERVICES PTY LTD 743931011
BRIERTY LIMITED 741067433
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15 February 2016
Professional Services
Auditors
RSM BIRD CAMERON, NSW
Banks
NATIONAL AUSTRALIA BANK LIMITED, Level 1 800 Bourke Street, Docklands VIC 3008
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15 February 2016
People
Name Title Responsibilities LinkedIn
Director
Peter David Wade Non-Executive Chairman Chairperson
Christopher James Ellison Managing Director Managing
Director
Kelvin Edward Flynn Non-Executive Director Director
Joseph Mario Paul Ricciardo Non-Executive Director Director
James McClements Independent Non-Executive Director Director
Personnel
Christopher James Ellison Managing Director Managing
Director
Craig Jackson Purchasing Manager Purchasing
Bruce Albert Goulds Company Secretary & Chief Financial
Officer
Financial
Decision Maker
Damien Chalk Human Resources Manager Human
Resources
Decision Maker
Yenna Ong Marketing Manager Marketing
Decision
Maker,Sales
Decision Maker
Jarrod Seymour Chief Operating Officer Operations
Decision Maker
Craig Clemmence IT Manager IT Decision
Maker
Biographies
Peter David Wade
Position Non-Executive Chairman
Responsibilities Chairperson
Qualifications BE (Hons), LGE
Joseph Mario Paul Ricciardo
Position Non-Executive Director
Responsibilities Director
Qualifications BAppSc (Mech. Eng)
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15 February 2016
Bruce Albert Goulds
Position Company Secretary & Chief Financial Officer
Responsibilities Financial Decision Maker
Qualifications BBus (Acctg), GradDipBus, FCPA, FCIS, MAICD
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15 February 2016
Structure & Shareholders
Controlled Entities
Holder Name % Held
AUVEX RESOURCES PTY LTD 100.00%
CRUSHING SERVICES INTERNATIONAL PTY LTD 100.00%
Eclipse Minerals Pty Ltd 100.00%
MINERAL CONSTRUCTION PTY LTD 100.00%
MINERAL RESOURCES LIMITED 100.00%
MINERAL SERVICES PTY LTD 100.00%
P.I.H.A. PTY LTD 100.00%
POLARIS METALS PTY LTD 100.00%
PROCESS MINERALS INTERNATIONAL PTY LTD 100.00%
Steelpile Pty Ltd 100.00%
MESA MINERALS LIMITED 59.40%
HiTec Energy Pty Ltd 59.00%
MIS.CARBONART PTY LTD 50.00%
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15 February 2016
Top 20 Shareholder List
Name of Shareholder Shareholding % Shares Held
HSBC Custody Nominees (Australia) Limited 77,986,107 41.56%
Sandini Pty Ltd 23,857,951 12.71%
NATIONAL NOMINEES LIMITED 18,157,406 9.68%
Citicorp Nominees Pty Limited 17,100,137 9.11%
J.P. MORGAN NOMINEES AUSTRALIA
LIMITED
13,062,728 6.96%
UBS WEALTH MANAGEMENT AUSTRALIA
LTD
6,535,560 3.48%
Henderson Park Pty Ltd <Wyatt Family A/C> 4,652,344 2.48%
RBC INVESTOR SERVICES AUSTRALIA
NOMINEES PTY LIMITED
1,587,746 .85%
P D Wade <Wade Family A/C> 1,416,162 .75%
BNP Paribas Noms Pty Ltd <DRP> 1,316,432 .70%
D & C Geraghty Pty Ltd <Geraghty Family A/C> 1,227,487 .65%
Paksian Pty Ltd 1,067,749 .57%
HSBC Custody Nominees (Australia) Limited
A/C 3
782,705 .42%
Sandini Pty Ltd <Karratha Rigging Unit A/C> 500,000 .27%
HSBC Custody Nominees (Australia) Limited
A/C 2
398,638 .21%
Wavefront Asset Pty Ltd <Felstead Family A/C> 375,000 .20%
Ellison Superannuation Pty Ltd <Ellison Super
Fund A/C>
328,184 .17%
QUOTIDIAN NO 2 PTY LTD 300,000 .16%
Citicorp Nominees Pty Limited <Colonial First
State Inv A/C>
292,006 .16%
Kinetic Ventures Pty Ltd 250,292 .13%
Substantial Shareholders
Company Name Shareholding % Shares Held Notes
SailingStone Capital Partners LLC 26,644,811 14.20%
Christopher Ellison 24,741,885 13.19%
Southeastern Asset Management Inc 20,350,397 10.83%
ALLAN GRAY AUSTRALIA PTY LTD 15,420,579 8.22%
BlackRock Group 13,134,082 6.99%
Thornburg Investment Management 11,207,538 5.97%
Dimensional Entities 9,390,574 5.00%
*Disclaimer: Top 20 Shareholder lists data is collected from annual reports and is only refreshed once a year.
Shareholder data displayed in the table is a listing of all companies that own shares in the target company.
www.company360.com.au | 13 23 33 MINERAL RESOURCES LIMITED - 29 -
15 February 2016
Family Tree
Majority Shareholdings
MINERAL RESOURCES LIMITED
100% PROCESS MINERALS INTERNATIONAL PTY LTD (Australia)
100% MINERAL RESOURCES (EQUIPMENT) PTY LTD (Australia)
100% MRL RAIL PTY LTD (Australia)
100% MINERAL SERVICES PTY LTD (Australia)
100% MINERAL CONSTRUCTION PTY LTD (Australia)
100% CRUSHING SERVICES INTERNATIONAL PTY LTD (Australia)
100% POLARIS METALS PTY LTD (Australia)
100% AUVEX RESOURCES PTY LTD (Australia)
59.4% MESA MINERALS LIMITED (Australia)
100% A.C.N. 602 182 463 PTY LTD (Australia)
100% P.I.H.A. PTY LTD (Australia)
100% ECLIPSE MINERALS PTY LTD (Australia)
100% HITEC ENERGY PTY. LTD. (Australia)
100% PIHA (WATER) PTY LTD (Australia)
100% STEELPILE PTY LTD (Australia)