30
Aug
02:49
Mineral Resources profit falls on weaker iron ore
Australian mining firm Mineral Resources’s net profit was down 64% year-on-year to AUD 400 million ($276.15m) in the financial year ended 30 June 2022 (FY22), dragged by a steep decline in iron ore prices, Kallanish notes.
The miner's revenue also slipped 8% to AUD 3.4 billion.
The group has declared a fully franked final dividend for FY22 of AUD 1.00 per share.
Despite challenging conditions in the iron ore market, including the sharpest ever f…
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Anonymous
Very good overview of the weekly steel market.
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