Wodgina deal hits MinRes bottom line

ASX-listed Mineral Resources has reported a more than 2 000% increase in earnings before interest, tax, depreciation and amortization (EBITDA) for the six months ended June, as its $1.15-billion deal with US major Albamarle affected the bottom-line.

Mineral Resources last year struck the $1.15-billion deal with Albamarle, allowing the US company to take a 60% interest in the Wodgina lithium project, in Western Australia.