Mineral Resources touts its lithium business, increases full year dividend

📆 8/28/2023 6:07 PM
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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- ASX-listed diversified resources group Mineral Resources announced Monday that the company generated underlying EBITDA of A$1.8 billion in the financial year ended 30 June 2023 , up 71% from FY22.

“The Lithium business achieved record underlying EBITDA of A$1.3 billion following strong pricing and increased volumes,” it added. “Our growth was driven by record lithium earnings, but we also faced operational challenges in the second half and were not immune from global inflationary pressures that impacted all businesses,” the company said.

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