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 30/09/16

1 year TSR5 year TSR
108thMineral Resources178%7%
237thMonadelphous Group59%-5%
327thRCR Tomlinson32%20%
774 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$72k Bought
$8.0m Sold
$29k Bought
Total value as at the date of the transaction
Source: Morningstar


5th↓Monadelphous Group$1,371.6m
7th↓Mineral Resources$1,183.7m
9th↓RCR Tomlinson$892.8m
198 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Mineral Resources

11thChristopher Ellison$2.918m
29thBruce Goulds$1.543m
39thBob Gavranich$1.323m
Ranked by total remuneration from all listed WA companies

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