mineral resources limited - amazon s3...15 february 2016 summary mineral resources limited (min) is...

www.company360.com.au | 13 23 33 MINERAL RESOURCES LIMITED - 1 -

15 February 2016

*Disclaimer: Top 20 Shareholder lists data is collected from annual reports and is only refreshed once a year.

Shareholder data displayed in the table is a listing of all companies that own shares in the target company.

MINERAL RESOURCES LIMITED

1 Sleat Road,

Applecross, WA

Australia, 6153

Phone: 08 9329 3600

http://www.mineralresources.com.au


15 February 2016

Table of Contents

360 VIEW....................................................................................................................................................................................... 3

SUMMARY..................................................................................................................................................................................... 5

MARKET DATA ............................................................................................................................................................................. 7

FINANCIALS.................................................................................................................................................................................. 9

P & L/Income Statement .................................................................................................................................................. 9

Balance Sheet ................................................................................................................................................................. 12

Cash Flow Statement ......................................................................................................................................................16

Ratios............................................................................................................................................................................... 18

OPERATIONS ............................................................................................................................................................................. 20

INDUSTRIES ............................................................................................................................................................................... 21

SIGNIFICANT EVENTS............................................................................................................................................................... 22

COMPETITORS........................................................................................................................................................................... 23

PROFESSIONAL SERVICES......................................................................................................................................................24

PEOPLE....................................................................................................................................................................................... 25

BIOGRAPHIES ............................................................................................................................................................................ 25

STRUCTURE & SHAREHOLDERS.............................................................................................................................................27

FAMILY TREE ............................................................................................................................................................................. 29

WELCOME

Company360 provides the most in-depth business information and analysis on Australia's leading 50,000 private and public

companies.

Powered by Dun & Bradstreet's commercial database with insight from our team of journalists and researchers, Company360

provides a unique depth and breadth of information on private and public companies including:

Company financial reports

Financial ratios & analysis

Corporate structures - including linkage to parent companies, subsidiaries & affiliates

Board and Executive profiles

Company overviews

ASX data (listed companies)

Latest news insight from Australia's leading business journalists - Alan Kohler, Robert Gottliebsen and Stephen

Bartholomeusz.

Company360 allows you to get the most from this unique data. Our tools allow you to do everything from conducting peer

analysis through to building a sales and marketing list.

No other business intelligence tool can provide you with the breadth and depth of private and public company data.


15 February 2016

360 View

Summary

Mineral Resources Limited (MIN) is an Australia based mining service, contracting, processing and commodities production

company. MIN's portfolio of market brands comprise of: PIHA, Crushing Services International and Process Minerals

International; its minerals producer market brands are Polaris Metals and Mesa Minerals.

Key Information

Address 1 Sleat Road

Applecross WA 6153 Australia

Phone 08 9329 3600

Web http://www.mineralresources.com.au

DUNS Number 754519283

ACN 118549910

Company Type Public, ASX: MIN

Number of Employees 2000

Key Statistics

Revenue from continuing operations (as of 2015)

Growth

$1,299,063

(31.59%)

EBIT

EBIT Growth

$115,553

(66.50%)

EBIT Margin -

Profit from continuing op’s after tax

Growth

$12,544

(94.56%

note: all monetary values are expressed in ($000s)

*Disclaimer: number of employees and associated financial ratios are derived from sources other than the company annual report.


15 February 2016

More Information

Physical Address 1 Sleat Road


Phone 08 9329 3600

URL http://www.mineralresources.com.au

DUNS 754519283

ACN 118549910

ABN 33118549910

Company Type Public, ASX: MIN

Line Of Business This company is engaged in the provision of mining services;

holding company.

Primary SIC 1081

Import/Export Neither

Registered Name MINERAL RESOURCES LIMITED

Previous Entity Name MINERAL RESOURCES LIMITED

A.C.N. 118 549 910 LTD

Postal Address Locked Bag 3 Canning Bridge


Place of Incorporation WA

ASIC Status Registered

ASIC Company Type Public, ASX: MIN

ASIC Company Class Limited by shares

ASIC Company Sub-Class Listed on the Australian Securities Exchange


15 February 2016

Summary

Mineral Resources Limited (MIN) is an Australia based mining service, contracting, processing and commodities production

company. MIN's portfolio of market brands comprise of: PIHA, Crushing Services International and Process Minerals

International; its minerals producer market brands are Polaris Metals and Mesa Minerals.

29 Jan 2016

Mineral Resources provided its December 2015 quarterly exploration and mining activities report. The Company's production

from two operating mines was 3.1mt, which was in line with production volumes achieved in Q1. Total export volumes for the

quarter of 3.26mt were 24% higher compared with Q1. This reflects an increase in both Carina and Iron Valley shipments. The

Company is continuing to work with the Southern Ports Authority, CBH and Brookfield Rail to enable the Company to

progressively transfer Yilgarn iron ore exports from the Kwinana port to the Esperance port. The Company also continued to

progress its application for environmental approvals for J5 and Bungalbin East. Construction activities commenced at the Mount

Marion project site during Q2 FY 2016.

29 Dec 2015

Mineral Resources released an update advised by Moly Mines as a consequence of an inability to agree on components of the

final payment under the Iron Ore Sale and Purchase Agreement ("IOSPA") between Moly Mines and the Company, an Expert's

report was received for the final payment under the Iron Ore Sale and Purchase Agreement. If the Expert's report is correct and

after all the appropriate off-sets the Company would result in A$4.2m being payable by Moly Mine to the Company in the

December 2015Q. Moly Mines considers that the Expert's determination of Available Tonnages under the IOSPA is not valid. On

24 December 2015, MOL received a generally indorsed writ of summons from the Company claiming A$4.9m and is currently

reviewing the writ to determine the appropriate course of action.

19 Nov 2015

Mineral Resources announced an on-market buy-back of up to 187,859,873 of outstanding shares for capital management

purposes. The buy-back will commence from 4 December 2015 to 3 December 2016.

19 Nov 2015

Mineral Resources provided AGM presentation, reporting that revenue was $1,307m in FY15 as compared to $2,015m in FY14.

NPAT reported to be $109m. EBITDA reported to be $283m. The Company stated that depreciation and amortisation was

reduced by 35% primarily due to the sale of Fortescue plant in 2014. The growth of existing business was due to expanded

annuity build own operate business through contract extensions and new contracts with existing and new Clients. The Company

has completed the design and construction of manufacturing equipment to produce carbon fibre components. The Company

anticipates EBITDA to be in the range of $250m and $290m in 2016. The Company intends to enter into an on-market share

buyback scheme to raise $40m.

30 Oct 2015

Mineral Resources provided its quarterly activities report stating that mine production from Company's two operating mines was

over 3m/t for the quarter with production from Iron Valley increasing by 9% compared with the previous quarter. The total export

volumes for the quarter of 2.6m/t were marginally higher compared with the previous quarter. Iron Valley mining and crushing

operations achieved budgeted performance for the quarter. Haulage and shipping of product were marginally below budget. The

development of Bulk Ore Transportation System is progressing as planned. Carina mining, crushing and haulage operations

achieved budgeted performance for the quarter. Shipping of product was below budget due to throughput restrictions at the

KBT2 ship loader during the quarter.

21 Sep 2015

Mineral Resources and Noemetals as joint owners of the Mt Marion Lithium Project announced via Reed Industrial Minerals, a

new Mineral Resource Estimate for the Mt Marion lithium project prepared by Snowden Mining Industry Consultants. The results

of the study have increased the Mineral Resource Estimate to Indicated and Inferred Mineral Resources of 23.24Mt at 1.39%

Li2O and 1.43% Fe2O3, at a cut-off grade of 0% Li2O, compared to 14.8Mt at 1.3% Li2O, at a cut-off grade of 0.3% Li2O

previously. This represents a substantial increase in the size of the Mineral Resource, equating to a 66% increase in the total

contained lithium at the Project. The zero cut-off grade reflects the strategy of mining to the lithium-bearing pegmatite contacts.

20 Aug 2015

Mineral Resources reported NPAT down 94.45% to $12.81m for the year ended 30 June 2015. Revenue from ordinary activities

were $1,299.06m, down 31.59% from last year. Basic and Diluted EPS were 6.85 cents compared to 124.1 cents last year. Net

operating cash flow was $52.35m compared to $566.56m last year. The final dividend declared was 15 cents, taking the full year

dividend to 22.5 cents compared with 62 cents last year.


15 February 2016


15 February 2016

Market Data

Share Quote as at Monday, 15 February 2016 11:23:08 AM

Code Buy Sell Last Change* % Change*

MIN 4.04 4.05 4.05 0.12 3.1%

Open High Low Volume Trades Turnover

3.99 4.06 3.96 86,752 256 $349,841

Latest ASX news for MIN

Date Summary

2/02/2016 4:19:36 PM Half Year Results Calendar

29/01/2016 4:53:30 PM Form 484 - cancellation of shares

29/01/2016 4:24:01 PM Quarterly Activities Report

21/01/2016 9:15:34 AM Change in substantial holding

20/01/2016 4:34:25 PM Change in substantial holding

19/01/2016 7:30:10 PM Daily share buy-back notice - Appendix 3E





15 February 2016



15 February 2016

Financials

P & L / Income Statement

Note: all monetary values are expressed in ($000s) of AUD (except earnings per share).

D&B obtains its financial data from a number of sources not controlled by D&B. Whilst D&B has processes in place for updating

the information contained in this product, D&B makes no warranty that the information provided is correct or free from error and

will not accept any liability for, or be responsible for, any errors that are contained therein.

2015

AUD

2014

AUD

2013

AUD

2012

AUD

2011

AUD

Income Statement - - - - -

Revenue from continuing

operations ($000s)

$1,299,063 $1,899,032 $1,096,982 $925,857 $609,518

Growth (31.59%) 73.11% 18.48% 51.90% -

Cost of sales ($000s) ($155,204) ($195,968) ($139,522) ($183,582) ($91,735)

Gross profit ($000s) $1,143,859 $1,703,064 $957,460 $742,275 $517,783

Growth (32.84%) 77.87% 28.99% 43.36% -

Other income ($000s) $8,437 $116,597 $8,353 $13,036 $28,734

Administrative expenses ($000s) ($172,956) ($341,209) ($178,105) ($153,100) ($66,667)

Finance costs ($000s) ($7,728) ($17,768) ($5,550) ($6,437) ($5,638)

Share of associate profits/(losses)

($000s)

- - - - -

Profit/(loss) from continuing

operations before income tax

($000s)

$107,825 $327,152 $250,522 $224,200 $208,915

Growth (67.04%) 30.59% 11.74% 7.32% -

Income tax expense ($000s) ($95,281) ($96,616) ($70,104) $18,039 ($58,422)

Profit from continuing operations

after income tax ($000s)

$12,544 $230,536 $180,418 $242,239 $150,493

Growth (94.56%) 27.78% (25.52%) 60.96% -

Profit/(loss) from discontinued

operations after tax ($000s)

- - - - -

Profit/(loss) from restructuring

activites after tax ($000s)

- - - - -

Profit/(loss) from disposals of

property, plant and equipment after

tax ($000s)

- - - - -


15 February 2016

Profit/(loss) from disposals of

investments after tax ($000s)

- - - - -

Net profit for the period ($000s) $12,544 $230,536 $180,418 $242,239 $150,493

Attributable To: - - - - -

Minority interest ($000s) - ($551) ($877) $35 ($464)

Members of the parent ($000s) - $231,087 $181,295 $242,204 $150,957

Weighted average number of

ordinary shares for basic earnings

per share (000s)

187,139 186,210,291 185,988 183,079 -

Weighted average number of

ordinary shares for diluted earnings

per share (000s)

- - - - -

Basic earnings per share from

continuing operations (cents)

7 124 97 132 -

Diluted earnings per share from

continuing operations (cents)

7 124 97 131 -

Basic earnings per share (cents) 7 124 97 132 -

Diluted earnings per share (cents) 7 124 97 131 -

EBITDA ($000s) $242,457 $541,604 $383,130 $299,359 $240,828

Growth (55.23%) 41.36% 27.98% 24.30% -

EBIT ($000s) $115,553 $344,920 $256,072 $230,637 $214,553

Growth (66.50%) 34.70% 11.03% 7.50% -

Expenses included in income

statement

- - - - -

Depreciation of property plant and

equipment ($000s)

$0 $0 ($98,779) $0 $0

Impairment of property plant and

equipment ($000s)

$0 $0 $0 $0 $0

Amortisation of intangible assets

($000s)

$0 $0 ($28,279) $0 $0

Other Depreciation and

Amortisation Expense ($000s)

($126,904) ($196,684) - ($68,722) ($26,275)

Impairment of intangible assets

($000s)

$0 $0 $0 $0 $0

Total depreciation, amortisation and

impairment ($000s)

($126,904) ($196,684) ($127,058) ($68,722) ($26,275)

Growth - - - - -


15 February 2016

Salaries and wages ($000s) - - - - -

Defined contribution

superannuation expense ($000s)

- - - - -

Defined benefit superannuation

expense ($000s)

- - - - -

Share-based payments expense

($000s)

- - - - ($135)

Other employee benefits expense

($000s)

($222,170) ($244,897) ($159,690) ($113,595) ($82,624)

Total employee benefits expense

($000s)

($222,170) ($244,897) ($159,690) ($113,595) ($82,759)

Number of employees - - - - -

Lease payments included in income

statement ($000s)

- - - - -

Interest expense ($000s) ($7,728) ($17,768) ($5,550) - -

Finance charges payable under

finance leases and hire purchase

($000s)

- - - - -

Other finance costs ($000s) - - - ($6,437) ($5,638)

Total finance costs ($000s) ($7,728) ($17,768) ($5,550) ($6,437) ($5,638)

Research and development costs

($000s)

- - - ($43,963) -


15 February 2016

Financials

Balance Sheet


2015

AUD

2014

AUD

2013

AUD

2012

AUD

2011

AUD

Balance Sheet - - - - -

Current Assets - - - - -

Cash and cash equivalents ($000s) $209,814 $206,454 $57,832 $76,282 $180,456

Growth 1.63% 256.99% (24.19%) (57.73%) -

Trade receivables ($000s) $136,352 $142,862 $196,943 $141,900 $107,002

Other receivables ($000s) - - - - -

Raw materials ($000s) $12,323 $10,557 $17,101 $60,373 $17,043

Work-in-progress ($000s) $15,014 $23,483 $20,908 $6,748 -

Finished goods ($000s) $46,110 $77,000 $37,680 $0 $2,357

Total inventories ($000s) $73,447 $111,040 $75,689 $67,121 $19,400

Prepayments ($000s) - - $5,896 $1,771 $2,013

Derivative financial instruments

($000s)

- - - - -

Other current assets ($000s) $8,539 $193,989 $0 $5 $4,044

Total current assets for continuing

operations ($000s)

$428,152 $654,345 $336,360 $287,079 $312,915

Assets held for sale ($000s) - - - - -

Total current assets ($000s) $428,152 $654,345 $336,360 $287,079 $312,915

Growth (34.57%) 94.54% 17.17% (8.26%) -

Non-current assets - - - - -

Receivables ($000s) $11,053 $6,511 $113 $3,298 $3,385

Investments in associates ($000s) $190 $190 $190 $190 $190

Investments in subsidiaries ($000s) - - - - -

Available for sale financial assets

($000s)

$0 $0 $2,712 $0 $0

Derivative financial instruments - - - - -


15 February 2016

($000s)

Property, plant and equipment

($000s)

$672,107 $660,917 $905,011 $584,148 $319,494

Intangible assets and goodwill

($000s)

$61,746 $66,701 $72,849 $76,029 $44,024

Deferred tax assets ($000s) $38,395 $87,784 $83,330 $83,704 $24,386

Other non-current assets ($000s) $379,933 $381,770 $403,868 $401,481 $265,663

Total non-current assets ($000s) $1,163,424 $1,203,873 $1,468,073 $1,148,850 $657,142

TOTAL ASSETS ($000s) $1,591,576 $1,858,218 $1,804,433 $1,435,929 $970,057

Growth (14.35%) 2.98% 25.66% 48.03% -

TOTAL ASSETS FOR PREVIOUS

YEAR ($000s)

$1,858,218 $1,804,433 $1,435,929 $970,057 $844,816

Growth 2.98% 25.66% 48.03% 14.82% -

Current liabilities - - - - -

Trade payables ($000s) $142,021 $194,921 $164,510 $162,374 $89,837

Other payables ($000s) - - - - -

Overdrafts ($000s) - - - - -

Loans - secured ($000s) - - - $194 $50,000

Loans - unsecured ($000s) - $40,000 $40,000 - -

Obligations under finance leases

and hire purchase ($000s)

$20,731 $4,000 $40,376 $34,560 $14,378

Loans from related parties ($000s) - - - - -

Total current interest-bearing loans

and borrowings ($000s)

$20,731 $44,000 $80,376 $34,754 $64,378

Income tax payable/(refundable)

($000s)

- $63,277 $6,635 $4,985 $26,275

Provisions ($000s) $39,367 $23,704 $16,397 $13,628 $9,304


($000s)

- - - - -

Other current liabilities ($000s) $19,755 $132,229 $38,972 $0 $1,853

Total current liabilities for

continuing operations ($000s)

$221,874 $458,131 $306,890 $215,741 $191,647

Liabilities directly associated with

assets held for sale ($000s)

- - - - -


15 February 2016

Total current liabilities ($000s) $221,874 $458,131 $306,890 $215,741 $191,647

Growth (51.57%) 49.28% 42.25% 12.57% -

Total current liabilities for previous

year ($000s)

$458,131 $306,890 $215,741 $191,647 $180,584

Growth 49.28% 42.25% 12.57% 6.13% -

Non-current liabilities - - - - -

Loans - secured ($000s) - - $228,968 $112,864 $8,596

Loans - unsecured ($000s) - $69,000 - - -

Obligations under finance leases

and hire purchase ($000s)

$70,892 $12,708 $58,774 $39,457 $29,063

Loans from related parties ($000s) - - - - -

Total non-current interest-bearing

loans and borrowings ($000s)

$70,892 $81,708 $287,742 $152,321 $37,659


($000s)

- - - - -

Deferred tax liabilities ($000s) $182,806 $168,285 $179,338 $141,762 $102,503

Provisions ($000s) $33,851 $10,785 $12,723 $9,354 $10,742

Convertible redeemable preference

shares ($000s)

- - - - -

Other non-current liabilities ($000s) $0 $0 $0 $0 $0

Total non-current liabilities ($000s) $287,549 $260,778 $479,803 $303,437 $150,904

TOTAL LIABILITIES ($000s) $509,423 $718,909 $786,693 $519,178 $342,551

Growth (29.14%) (8.62%) 51.53% 51.56% -

NET ASSETS ($000s) $1,082,153 $1,139,309 $1,017,740 $916,751 $627,506

Equity - - - - -

Equity attributable to equity holders

of the parent

- - - - -

Contributed equity ($000s) $504,771 $495,552 $490,562 $484,739 $359,619

Retained earnings ($000s) $555,925 $616,860 $501,183 $405,109 $242,104

Reserves ($000s) $1,371 $6,138 $5,981 $6,012 $4,927

Total Parent interests ($000s) $1,062,067 $1,118,550 $997,726 $895,860 $606,650

Minority interests ($000s) $20,086 $20,759 $20,014 $20,891 $20,856

TOTAL EQUITY ($000s) $1,082,153 $1,139,309 $1,017,740 $916,751 $627,506


15 February 2016

Growth (5.02%) 11.94% 11.02% 46.09% -

TOTAL EQUITY FOR PREVIOUS

YEAR ($000s)

$1,139,309 $1,017,740 $916,751 $627,506 $485,679

Growth 11.94% 11.02% 46.09% 29.20% -


15 February 2016

Financials

Cash Flow Statement


2015

AUD

2014

AUD

2013

AUD

2012

AUD

2011

AUD

Cash flow statement - - - - -

Receipts from customers ($000s) $1,357,548 $2,048,915 $1,103,573 $894,940 $630,919

Payments to suppliers and

employees ($000s)

($1,208,854) ($1,455,286) ($746,578) ($602,696) ($438,076)

Interest paid ($000s) ($4,899) ($16,734) ($5,163) ($6,437) ($5,638)

Tax paid ($000s) ($94,497) ($55,291) ($30,921) ($47,961) ($1,631)

Other receipts ($000s) $3,052 $44,952 $8,353 $5,046 $5,122

Other payments ($000s) $0 $0 $0 $0 ($73,940)

Net cashflow from/(used in)

operating activities ($000s)

$52,350 $566,556 $329,264 $242,892 $116,756

Purchase of property plant and

equipment ($000s)

($110,084) ($148,944) ($387,102) ($277,843) ($161,030)

Purchase of intangibles ($000s) ($1,380) ($5,263) - ($33,632) ($1,527)

Proceeds from the sale of property

plant and equipment ($000s)

$2,281 $322,145 $0 $3,347 $63,929

Proceeds from the disposal of

investments/subsidiaries ($000s)

$0 $0 $0 $235 $0

Purchase of subisidiary/investment

($000s)

$0 $0 $0 $0 $0

Interest received ($000s) - - - - -

Dividends received ($000s) - - - - -

Other investing inflows/(outflows)

($000s)

$163,223 ($227,938) ($32,273) ($71,287) $14,461

Net cashflow from/(used in)

investing activities ($000s)

$54,040 ($60,000) ($419,375) ($379,180) ($84,167)

Proceeds from the issue of shares

($000s)

$0 $0 $0 $3,344 $0

Proceeds from borrowings ($000s) $0 $0 $223,789 $63,839 $0

Repayment of borrowings ($000s) ($34,084) ($242,410) ($71,912) ($23,100) ($15,817)


15 February 2016

Repayment of finance lease

liabilities ($000s)

- - - - -

Interest Paid ($000s) - - - - -

Dividends paid ($000s) ($64,446) ($109,946) ($80,216) ($75,299) ($46,884)

Other inflows/(outflows) from

financing activities ($000s)

($4,500) ($5,578) $0 $63,330 $36,098

Net cash flows from/(used in)

financing activities ($000s)

($103,030) ($357,934) $71,661 $32,114 ($26,603)

Net increase/(decrease) in cash

and cash equivalents ($000s)

$3,360 $148,622 ($18,450) ($104,174) $5,986

Other increase/(decrease) in cash

and cash equivalents ($000s)

- - - - -

Net foreign exchange differences

($000s)

- - - - -

Cash and cash equivalents at the

beginning of the period ($000s)

$206,454 $57,832 $76,282 $180,456 $174,470

Cash and cash equivalents at the

end of the period ($000s)

$209,814 $206,454 $57,832 $76,282 $180,456


15 February 2016

Financials

Ratios


2015

AUD

2014

AUD

2013

AUD

2012

AUD

2011

AUD

Profitability ratios - - - - -

Return on equity 1.13% 21.38% 18.65% 31.37% 27.04%

Return on total assets 0.73% 12.59% 11.14% 20.14% 16.58%

Return on average capital

employed

8.34% 23.81% 18.84% 23.08% 29.74%

Gross margin 88.05% 89.68% 87.28% 80.17% 84.95%

EBITDA margin 8.9% 18.16% 11.76% 24.91% 35.2%

EBIT margin 8.9% 18.16% 23.34% 24.91% 35.2%

Profit from continuing operations

after tax margin

0.97% 12.14% 16.45% 26.16% 24.69%

Net profit margin 0.97% 12.14% 16.45% 26.16% 24.69%

Cashflow from operating

activities/Revenue

4.03% 29.83% 30.02% 26.23% 19.16%

Structural ratios - - - - -

Current ratio 1.93 1.43 1.1 1.33 1.63

Quick ratio 1.6 1.19 0.85 1.02 1.53

Interest-bearing loans and

borrowings/equity

8.47% 11.03% 36.17% 20.41% 16.26%

Interest cover (14.95) (19.41) (46.14) - -

Efficiency ratios - - - - -

Inventory turnover (times) 17.69 17.1 14.49 13.79 31.42

Collection period (days) 38.31 27.46 65.53 55.94 64.08

Credit period (days) 39.9 37.46 54.74 64.01 53.8

Employee benefits/revenue from

continuing operations

(17.1)% (12.9)% (14.56)% (12.27)% (13.58)%

Average employee costs per year - - - - -

Revenue from continuing - - - - -


15 February 2016

operations/ employee

EBIT per employee - - - - -

Profit from continuing operations/

employee

- - - - -

Total assets per employee - - - - -

Total equity per employee - - - - -


15 February 2016

Operations

PIHA Pty Ltd:

PIHA provides following products and services: Pipeline engineering and construction, PIHA's 'tight fit' HDPE lined steel,

Polyethylene pipe fittings and components, Rock trenching and terrain levelling, Cable Laying and Plant & equipment hire. PIHA

offers integrated project solutions for mine dewatering and pipeline construction, which has enabled the business to deliver

projects and upgrades to various clients.

Crushing Services International Pty Ltd:

CISA provides contract crushing, screening, processing and specialist mining services within the Australian and overseas

resources sector. CSI has an inventory of crushing and mineral processing equipment, acquired over many years in both

Western Australia and internationally. If the opportunity arises, CSI is able to supply refurbished plant and spare parts to clients

as required. CSI completed the engineering, procurement and construction processes for an additional 18 million tonnes per

annum of crushing capacity across Pilbara.

Process Minerals International Pty Ltd:

PMI is a minerals processor, producer and exporter with a pipeline of projects across Australia. PMI's services include

processing, production, logistics, ship loading, marketing and export of resources. PMI operates several tenements, focusing on

developing Carina Iron Ore Project, WA.

Polaris Metals Pty Ltd:

Polaris Metals is a developing iron ore producer with a pipeline of development projects and exploration targets across Western

Australia. Polaris' portfolio of iron ore assets comprises numerous known deposits and prospective targets across two of WA's

iron ore provinces, the Yilgarn and the Pilbara.

Mesa Minerals Ltd (64.23%):

Mesa is a manganese producer and developer of manganese technology solutions for manganese mining industry.


15 February 2016

Industries

Key Industries

1081 - * Metal Mining Services

1429 - Crushed and Broken Stone, Not Elsewhere Classified

6719 - Offices of Holding Companies, Not Elsewhere Classified

* Identifies a company's primary SIC.


15 February 2016

Significant Events

Mineral Resources backs Hazer Group float 03 Dec 2015

Mineral Resources has invested in a Western Australia-based technology company that turns natural gas into hydrogen,

according to The Australian Financial Review. The resources company has become the third-largest shareholder in the Hazer

Group, picking up 2 million shares or a 3.27% stake since it listed. Hazer Group holds the intellectual property rights to the

chemical engineering process and listed on the first week of December.

MinRes puts skyrail ore plan back on table 02 Nov 2015

Mineral Resources has begun negotiations with the West Australian government over a state agreement for its 330km Pilbara

skyrail, with the company informing investors it could make a final investment in the haulage platform next year. According to

The West Australian, the company said the design shift would see the abandonment of earlier plans to elevate the track on

2m to 3m pylons along its full length, and will instead see a lower concrete bedding being utilised. The change in design is

expected to significantly reduce the cost of laying the track.

MinRes subsidiary fined over worker injury 05 Oct 2015

Mineral Resources subsidiary Process Minerals International, the operator of the Woodie Woodie fines treatment plant in

Western Australia, has been fined $90,000 after it pleaded guilty to two charges of failing to provide a safe working

environment after a worker was injured in 2012. According to The West Australian, Process Minerals was charged after a

Department of Mines and Petroleum investigation into the injury of worker Meliton Garcia in October 2012. The company has

admitted to failing to provide a procedure for workers to safely unload pipes from a truck.

Mineral Resources suffers $30 million first-half loss 20 Feb 2015

Mineral Resources has booked a $30 million loss for the first half despite record iron ore exports, reports The West Australian.

Revenue was down 19% to $752 million, owing partly to sinking iron ore prices. The company also suffered two hefty one-off

expenses: a $65.2 million tax expense on the reversal of the Minerals Resource Rent Tax and a $15.9 million after-tax

impairment on the carrying value of manganese and iron ore stock. The company says its underlying net profit of $51 million

is in line with consensus estimates.

Mineral Resources suffers $30 million first-half loss 20 Feb 2015

Mineral Resources has booked a $30 million loss for the first half despite record iron ore exports, reports The West Australian.

Revenue was down 19% to $752 million, owing partly to sinking iron ore prices. The company also suffered two hefty one-off

expenses: a $65.2 million tax expense on the reversal of the Minerals Resource Rent Tax and a $15.9 million after-tax

impairment on the carrying value of manganese and iron ore stock. The company says its underlying net profit of $51 million

is in line with consensus estimates.

Mineral Resources reveals monorail plan 20 Feb 2015

Mineral Resources managing director Chris Ellison has announced plans to construct a monorail in the Pilbara, according to

the Australian Financial Review. The company, which is primarily engaged in the mining of iron ore, has patented an elevated

rail system “somewhere between a monorail and a train”, which it hopes to construct between Port Hedland port to BC Iron’s

Iron Valley mine. “We need to get a transport system that can put iron ore into China for the bottom quartile cost; less than

$US45 a tonne landed in China,” Ellison said. The project would commence in December and cost between $700 million and

$800 million.


15 February 2016

Competitors

Company Name DUNS

DOWNER EDI LIMITED 751584327

AJ LUCAS GROUP LIMITED 751676412

MACMAHON CONTRACTORS PTY LTD 756006540

AUSDRILL LIMITED 757539440

BOART LONGYEAR LIMITED 755508954

BARMINCO LIMITED 752618954

MACA LIMITED 744100496

BARMINCO HOLDINGS PTY LIMITED 756263864

THYSSEN MINING CONSTRUCTION OF AUSTRALIA PTY LTD 750978728

ABIGROUP MINING SERVICES PTY LIMITED 755444171

EXACT MINING SERVICES PTY LTD 743931011

BRIERTY LIMITED 741067433


15 February 2016

Professional Services

Auditors

RSM BIRD CAMERON, NSW

Banks

NATIONAL AUSTRALIA BANK LIMITED, Level 1 800 Bourke Street, Docklands VIC 3008


15 February 2016

People

Name Title Responsibilities LinkedIn

Director

Peter David Wade Non-Executive Chairman Chairperson

Christopher James Ellison Managing Director Managing

Director

Kelvin Edward Flynn Non-Executive Director Director

Joseph Mario Paul Ricciardo Non-Executive Director Director

James McClements Independent Non-Executive Director Director

Personnel

Christopher James Ellison Managing Director Managing

Director

Craig Jackson Purchasing Manager Purchasing

Bruce Albert Goulds Company Secretary & Chief Financial

Officer

Financial

Decision Maker

Damien Chalk Human Resources Manager Human

Resources

Decision Maker

Yenna Ong Marketing Manager Marketing

Decision

Maker,Sales

Decision Maker

Jarrod Seymour Chief Operating Officer Operations

Decision Maker

Craig Clemmence IT Manager IT Decision

Maker

Biographies

Peter David Wade

Position Non-Executive Chairman

Responsibilities Chairperson

Qualifications BE (Hons), LGE

Joseph Mario Paul Ricciardo

Position Non-Executive Director

Responsibilities Director

Qualifications BAppSc (Mech. Eng)

http://www.linkedin.com/vsearch/p?firstName=Peter&lastName=Wade&country=Australia&company=MINERAL+RESOURCES

http://www.linkedin.com/vsearch/p?firstName=Christopher&lastName=Ellison&country=Australia&company=MINERAL+RESOURCES

http://www.linkedin.com/vsearch/p?firstName=Kelvin&lastName=Flynn&country=Australia&company=MINERAL+RESOURCES

http://www.linkedin.com/vsearch/p?firstName=Joseph&lastName=Ricciardo&country=Australia&company=MINERAL+RESOURCES

http://www.linkedin.com/vsearch/p?firstName=James&lastName=McClements&country=Australia&company=MINERAL+RESOURCES

http://www.linkedin.com/vsearch/p?firstName=Christopher&lastName=Ellison&country=Australia&company=MINERAL+RESOURCES

http://www.linkedin.com/vsearch/p?firstName=Craig&lastName=Jackson&country=Australia&company=MINERAL+RESOURCES

http://www.linkedin.com/vsearch/p?firstName=Bruce&lastName=Goulds&country=Australia&company=MINERAL+RESOURCES

http://www.linkedin.com/vsearch/p?firstName=Damien&lastName=Chalk&country=Australia&company=MINERAL+RESOURCES

http://www.linkedin.com/vsearch/p?firstName=Yenna&lastName=Ong&country=Australia&company=MINERAL+RESOURCES

http://www.linkedin.com/vsearch/p?firstName=Jarrod&lastName=Seymour&country=Australia&company=MINERAL+RESOURCES

http://www.linkedin.com/vsearch/p?firstName=Craig&lastName=Clemmence&country=Australia&company=MINERAL+RESOURCES


15 February 2016

Bruce Albert Goulds

Position Company Secretary & Chief Financial Officer

Responsibilities Financial Decision Maker

Qualifications BBus (Acctg), GradDipBus, FCPA, FCIS, MAICD


15 February 2016

Structure & Shareholders

Controlled Entities

Holder Name % Held

AUVEX RESOURCES PTY LTD 100.00%

CRUSHING SERVICES INTERNATIONAL PTY LTD 100.00%

Eclipse Minerals Pty Ltd 100.00%

MINERAL CONSTRUCTION PTY LTD 100.00%

MINERAL RESOURCES LIMITED 100.00%

MINERAL SERVICES PTY LTD 100.00%

P.I.H.A. PTY LTD 100.00%

POLARIS METALS PTY LTD 100.00%

PROCESS MINERALS INTERNATIONAL PTY LTD 100.00%

Steelpile Pty Ltd 100.00%

MESA MINERALS LIMITED 59.40%

HiTec Energy Pty Ltd 59.00%

MIS.CARBONART PTY LTD 50.00%


15 February 2016

Top 20 Shareholder List

Name of Shareholder Shareholding % Shares Held

HSBC Custody Nominees (Australia) Limited 77,986,107 41.56%

Sandini Pty Ltd 23,857,951 12.71%

NATIONAL NOMINEES LIMITED 18,157,406 9.68%

Citicorp Nominees Pty Limited 17,100,137 9.11%

J.P. MORGAN NOMINEES AUSTRALIA

LIMITED

13,062,728 6.96%

UBS WEALTH MANAGEMENT AUSTRALIA

LTD

6,535,560 3.48%

Henderson Park Pty Ltd <Wyatt Family A/C> 4,652,344 2.48%

RBC INVESTOR SERVICES AUSTRALIA

NOMINEES PTY LIMITED

1,587,746 .85%

P D Wade <Wade Family A/C> 1,416,162 .75%

BNP Paribas Noms Pty Ltd <DRP> 1,316,432 .70%

D & C Geraghty Pty Ltd <Geraghty Family A/C> 1,227,487 .65%

Paksian Pty Ltd 1,067,749 .57%

HSBC Custody Nominees (Australia) Limited

A/C 3

782,705 .42%

Sandini Pty Ltd <Karratha Rigging Unit A/C> 500,000 .27%

HSBC Custody Nominees (Australia) Limited

A/C 2

398,638 .21%

Wavefront Asset Pty Ltd <Felstead Family A/C> 375,000 .20%

Ellison Superannuation Pty Ltd <Ellison Super

Fund A/C>

328,184 .17%

QUOTIDIAN NO 2 PTY LTD 300,000 .16%

Citicorp Nominees Pty Limited <Colonial First

State Inv A/C>

292,006 .16%

Kinetic Ventures Pty Ltd 250,292 .13%

Substantial Shareholders

Company Name Shareholding % Shares Held Notes

SailingStone Capital Partners LLC 26,644,811 14.20%

Christopher Ellison 24,741,885 13.19%

Southeastern Asset Management Inc 20,350,397 10.83%

ALLAN GRAY AUSTRALIA PTY LTD 15,420,579 8.22%

BlackRock Group 13,134,082 6.99%

Thornburg Investment Management 11,207,538 5.97%

Dimensional Entities 9,390,574 5.00%

*Disclaimer: Top 20 Shareholder lists data is collected from annual reports and is only refreshed once a year.

Shareholder data displayed in the table is a listing of all companies that own shares in the target company.


15 February 2016

Family Tree

Majority Shareholdings

MINERAL RESOURCES LIMITED

100% PROCESS MINERALS INTERNATIONAL PTY LTD (Australia)

100% MINERAL RESOURCES (EQUIPMENT) PTY LTD (Australia)

100% MRL RAIL PTY LTD (Australia)

100% MINERAL SERVICES PTY LTD (Australia)

100% MINERAL CONSTRUCTION PTY LTD (Australia)

100% CRUSHING SERVICES INTERNATIONAL PTY LTD (Australia)

100% POLARIS METALS PTY LTD (Australia)

100% AUVEX RESOURCES PTY LTD (Australia)

59.4% MESA MINERALS LIMITED (Australia)

100% A.C.N. 602 182 463 PTY LTD (Australia)

100% P.I.H.A. PTY LTD (Australia)

100% ECLIPSE MINERALS PTY LTD (Australia)

100% HITEC ENERGY PTY. LTD. (Australia)

100% PIHA (WATER) PTY LTD (Australia)

100% STEELPILE PTY LTD (Australia)

mineral resources limited - amazon s3...15 february 2016 summary mineral resources limited (min) is...

Documents