Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.

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<ul><li>Minres has sold its gas assets to Gina Reinhart's Hancock prospecting, receiving $804 million upfront with potential for an additional $300 million based on drilling results.</li><li>The sale has boosted Minres' share price by 14%, with the CFO estimating around $650 million in after-tax cash coming in.</li><li>Gina Reinhart's press release indicates a close collaboration with Minres CEO Chris Ellison, suggesting a strong partnership and potential for future growth and export opportunities.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Minres has sold its gas assets to Gina Reinhart's Hancock prospecting, receiving $804 million upfront with potential for an additional $300 million based on drilling results.The sale has boosted Minres' share price by 14%, with the CFO estimating around $650 million in after-tax cash coming in.Gina Reinhart's press release indicates a close collaboration with Minres CEO Chris Ellison, suggesting a strong partnership and potential for future growth and export opportunities.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Australia

Mineral Resources Ltd. offers contract crushing services to the mining industry in Australia.  The Company serves gold, iron ore, tantalum, and coal companies.

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Mineral Resources (MIN AU)

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Minres sells gas assets to Hancock Prospecting for $804 million upfront, retaining exploration assets and receiving praise for CEO Chris Ellison's...

Money of Mine

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