Record earnings reported at MinRes

ASX-listed Mineral Resources has reported record earnings for the full year ended June, driven by the sale of its 60% interest in the Wodgina lithium project during 2019, and increased production.

Mineral Resources on Wednesday announced record statutory earnings before interest, tax, depreciation and amoritsation (Ebitda) of $2.01-billion, with underlying Ebitda increasing from A$433-million to A$765-million.