Mineral Resources chairman Peter Wade.

MinRes chair pockets $8m from share sale

Mineral Resources chairman Peter Wade has sold down a majority of his shareholding in the mining and contracting group, pocketing about $8.04 million.


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Usually when the head honchos sell down big chunks of their holdings, they are telling us something we should take heed of. The " I have to pay tax" story has no credibility at all.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 28/02/18

1 year TSR5 year TSR
154thMineral Resources76%16%
205thNorthern Star Resources53%50%
609thResolute Mining-29%-3%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$91k Bought
$36.9m Sold
$4.0m Sold
Total value as at the date of the transaction
Source: Morningstar


4th-Mineral Resources$1,470.4m
6th↓Northern Star Resources$850.6m
8th↓Resolute Mining$560.8m
503 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Mineral Resources

9thChris Ellison$2.918m
23rdBruce Goulds$1.543m
32ndBob Gavranich$1.323m
Ranked by total remuneration from all listed WA companies

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