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Mineral Resources managing director Chris Ellison

MinRes rails against port charges

Mid-tier iron ore miner Mineral Resources has criticised port charges after digging into its stockpiles to export 2.8 million tonnes in the December quarter.

MinRes, which aggressively pursued increased exports to 10.4mt in the 2013-14 financial year, an increase of 93 per cent, will present its financial report for the December quarter in February.

Managing director Chris Ellison used its latest activities report to criticise the state government and port authorities over charges for the use of the Kwinana Bulk Terminal 2 and Port Hedland’s Utah Point, where its Yilgarn and Pilbara operations export from.

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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 29/07/16

1 year TSR5 year TSR
183rdMineral Resources91%1%
777 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

16/06/16
$8.0m Sold
04/03/16
$29k Bought
08/10/15
$49k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-Mineral Resources$1,183.7m
195 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Mineral Resources

41stSteve Wyatt$1.195m
52ndDavid Geraghty$1.060m
77thBob Gavranich$937k
Ranked by total remuneration from all listed WA companies

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