Australia's Mineral Resources rises as company confirms contingent payment for Onslow project

Mineral Resources

27/10/2025 24:49

** Shares of Mineral Resources MIN.AX rise as much as 2.1% to A$45.88, their highest level since October 10

** Stock on track for a third consecutive session of gains, if current trend holds

** Co to receive A$200 million ($129.96 million) contingent payment from Morgan Stanley Infrastructure Partners for Onslow Iron project, increasing total consideration received to A$1.3 billion

** Consideration to be received as part of private road haul transaction

** Stock up 33% YTD, including the day's moves

($1 = 1.5389 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))