Mineral Resources Limited (MRL): A Comprehensive Guide

About Mineral Resources Limited

Established in 1992, Mineral Resources Limited (MRL) is a leading mining services and iron ore producer headquartered in Perth, Western Australia. With a focus on sustainable and innovative operations, MRL has grown into a diversified global enterprise with operations across Australia, Africa, and Asia.

Core Businesses

Mining Services

MRL provides a range of mining services, including contract mining, drilling and blasting, and equipment maintenance. The company's expertise in these areas has enabled it to establish long-term partnerships with major mining companies worldwide.

Iron Ore Production

MRL is a significant iron ore producer with operations in the Pilbara region of Western Australia. The company's high-quality iron ore products are exported to customers in China, Japan, and other countries.

Other Businesses

In addition to its core businesses, MRL has expanded into various sectors, including:

• Engineering and construction
• Property development
• Technology solutions

Financial Performance

MRL has a strong financial track record with consistent revenue growth and profitability. In the 2021 fiscal year, the company reported:

• Revenue: AUD 11.7 billion
• Net profit after tax: AUD 842.8 million
• Earnings per share: AUD 1.36

Stock Performance

MRL's stock is listed on the Australian Securities Exchange (ASX) under the ticker symbol "MRL". The stock has performed well in recent years, with a steady increase in value. As of April 2023, MRL shares were trading at approximately AUD 15.00.

Environmental, Social, and Governance (ESG) Initiatives

MRL is committed to responsible mining practices and sustainability. The company has implemented a number of ESG initiatives, including:

• Reducing carbon emissions
• Conserving water resources
• Supporting local communities

MRL's ESG initiatives have been recognized by various organizations, including the Australasian Centre for Corporate Responsibility (ACCR).

Conclusion

Mineral Resources Limited is a diversified global mining company with a strong financial performance and a commitment to sustainability. The company's expertise in mining services and iron ore production, combined with its innovative approach, positions it well for continued growth and success.