Australia's MinRes hits two-week low after Lucky Bay Project closure

Mineral Resources

25/06/2026 03:53

** Shares of Australia's Mineral Resources MIN.AX fall as much as 3.7% to A$63.410, their lowest point since June 11
** The diversified miner says it will cease Lucky Bay Project operations in Western Australia and enter care and maintenance, effective July 1
** Company says the closure of the Lucky Bay Project will impact about 110 employees 
** To record non-cash impairment of nearly A$40 million in FY26 - MIN
** MIN stock up 17.7%, YTD

 (Reporting by Keshav Singh Chundawat in Bengaluru)
 ((Keshav.singhchundawat@thomsonreuters.com))