Mineral Resources has booked a 22 per cent drop in half year net profit, on the back of a slump in iron ore prices over the second quarter of financial year 2013.
Mineral Resources and Reed Resources are considering floating a new lithium company to develop the Mt Marion project, approximately 40 kilometres south-west of Kalgoorlie-Boulder.
Mineral Resources has been appointed by Fortescue Metals Group to design, construct and operate a second processing facility at the Christmas Creek iron ore mine, which it expects to generate more than $1 billion in revenue over 10 years.
Mineral Resources has reported a 121 per cent increase in net profit for the half year ended December 31, on the back of record-high iron ore prices and improved performance from its contracting operations.
17 Feb 2011
Subscribe today for award-winning, unbiased and trusted journalism
