Mineral Resources (ASX: MIN) expects to double lithium chemical capacity in 5 years

Wed 18 Oct 23, 11:49 PM | Team Kalkine

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Highlights

Mineral Resources is a mining service provider and also owns and operates commodity assets

In FY23, the company witnessed almost 40% growth in revenue and over 70% rise in EBIT

MIN shares closed 0.094% higher at AUD 63.550 apiece on 18 October 2023

Mineral Resources Limited (ASX: MIN) is an ASX-listed materials firm which has evolved from a mining service provider to operating and owning its commodity projects. The company and its subsidiaries offer mining logistics and pit-to-port mining services.

The company has employed substantial capital across its key growth projects, including building long-life Onslow iron projects, expanding its lithium portfolio and a natural gas exploration campaign in the onshore Perth Basin. The company expects these projects to drive its growth for decades.

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