1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Mineral Resources Limited
  6. News
  7. Summary
    MIN   AU000000MIN4

MINERAL RESOURCES LIMITED

(MIN)
  Report
Delayed Australian Stock Exchange  -  05/20 02:10:07 am EDT
59.82 AUD   +0.83%
05/20Aldrich Resources, Enrich Mining Extend MOU for Six Months
MT
05/19Mineral Resources Limited Announces Executive Appointments
CI
05/17Dolly Varden Silver Mobilizes Three Drill Rigs For Initial 30,000 Meters of Drilling on Kitsault Valley Project
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Mineral Resources : PIONEERING AUTONOMOUS ROAD TRAINS ACHIEVE WORLD FIRST

04/12/2022 | 08:05pm EDT
Mining Services | Projects | April 13, 2022
PIONEERING AUTONOMOUS ROAD TRAINS ACHIEVE WORLD FIRST

Mineral Resources' autonomous road trains project has reached a world-first milestone, achieving a successful demonstration run of a triple-trailer, automated road train platoon with each road train hauling 300 tonnes of iron ore.

The demonstration showcased the success of our autonomous road trains pilot project, which has been underway at our Yilgarn iron ore operations since late 2021.

Mike Grey, Chief Executive - Mining Services, said automating a road train platoon of this size had never been achieved before and he was delighted that Mineral Resources was leading the world with this ground-breaking innovation.

"It's been an exciting journey over the past year and we've now achieved a world-first platoon of three autonomous road trains, which is a game changer for us," Mike said. "It's an extremely proud moment to see our autonomous project grow from desktop concept to iron ore reality so quickly."

Mineral Resources is renowned for providing innovative and low-cost solutions across the mining infrastructure supply chain. Our autonomous road trains will form an essential part of the cost-efficient supply chain unlocking stranded resources in the Pilbara region as part of the Ashburton Hub Iron Ore Project.

Mike said Mineral Resources had introduced a number of new technologies over recent years to enhance the safety and operational efficiency of our long-distance road train haulage fleet and the autonomous road trains would take us to the next level.

The technology will initially be adopted for our own operations, with a view to offering the solution to our large Tier One customer base as we grow our Mining Services division.

"As we get ready for the Ashburton Hub Iron Ore Project and look to unlock stranded tonnes of iron ore, our autonomous road trains will be the vital link between the pit and the port," Mike said. "As the first of its kind in the world, it opens up new opportunities for us, as we can trial the technology ourselves before offering it to our Tier 1 customers."

Nick Hare, President of Hexagon's Mining division said Hexagon enjoyed working with MinRes because of our ability to quickly bring ideas into production.

"We value the opportunity to demonstrate our position as a leader in sensor, software and autonomous solutions. Mineral Resources is an ideal partner for a project of this size and complexity," Nick said.

Disclaimer

Mineral Resources Limited published this content on 13 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2022 00:04:01 UTC.


© Publicnow 2022
All news about MINERAL RESOURCES LIMITED
05/20Aldrich Resources, Enrich Mining Extend MOU for Six Months
MT
05/19Mineral Resources Limited Announces Executive Appointments
CI
05/17Dolly Varden Silver Mobilizes Three Drill Rigs For Initial 30,000 Meters of Drilling on..
MT
05/17Leading Edge Materials Signs Exploration License For Romanian Nickel and Cobalt Project
MT
05/17MINERAL RESOURCES : Zimi Meka joins MinRes Board
PU
05/17Mineral Resources Limited Appoints Zimi Meka as Non-Executive Director
CI
05/16Native Mineral Resources Identifies Alterations at Helios Project
MT
05/15MINERAL RESOURCES : Shelley shapes the future
PU
05/12Mineral Resources Limited Announces Board Changes
CI
05/12AsiaPhos' Attributable Loss Widens in Q1
MT
More news
Analyst Recommendations on MINERAL RESOURCES LIMITED
More recommendations
Financials
Sales 2022 3 400 M 2 389 M 2 389 M
Net income 2022 466 M 328 M 328 M
Net Debt 2022 225 M 158 M 158 M
P/E ratio 2022 22,9x
Yield 2022 1,44%
Capitalization 11 254 M 7 908 M 7 908 M
EV / Sales 2022 3,38x
EV / Sales 2023 2,11x
Nbr of Employees -
Free-Float 85,6%
Chart MINERAL RESOURCES LIMITED
Duration : Period :
Mineral Resources Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MINERAL RESOURCES LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 59,82 AUD
Average target price 66,55 AUD
Spread / Average Target 11,2%
EPS Revisions
Managers and Directors
Christopher J. Ellison Managing Director & Executive Director
Mark Gregory Wilson Chief Financial Officer & Co-Secretary
James Timothy McClements Independent Non-Executive Chairman
Mike Grey Chief Operating Officer
Kelvin Edward Flynn Non-Executive Director
Sector and Competitors