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Mineral Resources
Mineral Resources reports robust quarterly performance with record iron ore production, but management trust issues raise investor concerns about future prospects.
(AI video summary)
This video was created on 30 October 2025 for IG audiences by ausbiz.
ASX code: MIN
Mineral resources achieves record iron ore production
Mineral Resources has drawn attention with its quarterly update, showing strong performance. The company is on track to meet its annual production index (API) 2026 volume and cost guidance across all divisions, with record quarterly iron ore production of 10.9 million metric tonnes from its Onslow and Pilbara hubs. This was driven by a 50% increase in shipments and completed road upgrades, securing a $200 million payment from Morgan Stanley. Shares are further boosted by a 31% rise in lithium prices and solid performance in its mining services and energy segments.
Controversy amid strong performance
Despite positive results, concerns about corporate governance and management integrity have emerged. Issues with related party transactions involving chief executive officer (CEO) Chris Ellison have led some investors, including Team Invest members, to question management trust and reconsider their holdings.
Investment outlook
Mineral Resources presents a divided outlook. While operational strength and market conditions are appealing, management trust remains a concern for some investors. Those confident in the company’s fundamentals see it as a 'buy', whereas others are cautious
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