BASE METALS

MinRes up to challenge

MINERAL Resources has shrugged off the challenging economic conditions that decimated ore prices over the past year, posting a 2015-16 financial year profit of $110 million.

Karma Barndon
MinRes has managed to come back into profit by managing the things it can control.

MinRes has managed to come back into profit by managing the things it can control.

The company also achieved full-year underlying EBITDA of $286 million, in-line with the previous year, and net cash improvement of $70 million to $188 million, with a statutory full-year loss of $26 million....

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