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Mineral Resources Founder Sells Nearly 2 Million Shares

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Mineral Resources' (ASX:MIN) founder Chris Ellison sold 1.8 million ordinary shares at AU$69.98 per share in the company through an on-market sale between Monday and Thursday, according to a Friday filing with the Australian bourse.

The disposal was carried out for personal financial planning, including setting up a family office, per the filing.

Ellison remains the company's largest shareholder, holding 20.8 million shares, which represents 10.54% of the issued capital, the filing added.

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