Results for: Mineral Resources

Mineral Resources, a major Australian mining company, is facing a crisis after its founder and managing director, Chris Ellison, stepped down amidst allegations of tax evasion and misuse of company funds. The company is now under investigation by the Australian Securities and Investments Commission (ASIC) and the Australian Taxation Office (ATO), and has been downgraded by Moody’s Investor Service. Ellison’s departure, coupled with governance lapses and financial penalties, raises questions about the future of the company.

Nevada King Gold Corp. has announced promising assay results from recent drilling at its Atlanta Gold Mine Project in Nevada. The highlights include intersections of 53.8m of 4.10 g/t Au, 35.1m of 3.59 g/t Au, and 24.4m of 1.76 g/t Au with 440.6 g/t Ag. These results further validate the potential of the Atlanta Mine, strengthening Nevada King’s exploration program.

Rokmaster Resources Corp. has acquired additional mineral claims adjacent to its Mystery Property in British Columbia, significantly expanding its potential for copper, molybdenum, gold, and silver mineralization. The acquisition strategically positions Rokmaster near other active exploration projects, making the region a hotbed for mining activity.

Commodity trading giant Trafigura has been identified as the buyer in Mineral Resources’ $400 million prepayment deal for iron ore. This agreement, initially announced in July without disclosing the client’s name, signifies Trafigura’s aggressive expansion in the iron ore market, where its volumes have surged over fivefold in the past decade. The prepayment will secure a stable supply of iron ore for Trafigura between 2026 and 2028, while Mineral Resources seeks to manage its rising debt and navigate the challenging iron ore market.