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Mineral Resources Posts Higher Fiscal Q4 Mining Services Production Volumes, Iron Ore Shipments; Shares Up 5%

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Mineral Resources (ASX:MIN) said fiscal fourth quarter mining services production volumes were 94 million wet metric tonnes (wmt), up from 83 million wmt a year earlier, according to a Wednesday Australian bourse filing.

The company said total iron ore shipped was 8.4 million wmt at a revenue of AU$112 per wmt, compared with 5.8 million wmt at AU$111 per wmt in the prior corresponding period.

Total lithium spodumene concentrate produced was 177,000 dry metric tonnes (dmt) at a revenue of AU$2,785 per dmt, compared with 144,000 dmt at AU$847 per dmt in the prior corresponding period, the filing added.

Liquidity was AU$2.4 billion with net debt of about AU$4.3 billion, it added.

The company's shares jumped 5% in recent Wednesday trade.

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