Mineral Resources Limited Witnessed Record-Breaking Quarter for Iron Ore Business

  • Jul 24, 2020 AEST
  • Team Kalkine

Mineral Resources Limited (ASX:MIN) disclosed its quarterly report for the fourth quarter of FY20.

COVID-19 pandemic did not materially impact MIN during Q4 FY20 and FY20 overall.

During the quarter, average iron ore revenue received of US$84 per dry metric tonne, up by 12% on last quarter. For iron ore business it was a record-breaking quarter, where iron ore production increased by 22% on Q3 FY20.

In Q4 FY20, the Company completed a transaction comprising a series of agreements with BCI Minerals Limited (ASX:BCI) that shall enhance its iron ore footprint in the Pilbara region.

MIN quoted at A$24.575 up by 0.224% at AEST 12:05 PM.


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