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27 stories mentioning ASX:MINUpdated 1d ago

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Asia

ASX Preview: Australian Shares Set to Fall as Oil Surges on Supply Fears; Capstone Copper Posts Higher Q1 Adjusted Earnings, Revenue

Australian shares are poised to fall on Thursday as oil prices surged more than 6% overnight on renewed Middle East supply concerns and a larger-than-expected draw in US crude inventories.Investors also weighed the United Arab Emirates' decision to exit the Organization of the Petroleum Exporting Countries, adding longer-term uncertainty to global supply dynamics and inflation pressures.Overnight, the Dow Jones Industrial Average fell 0.6%, while the S&P 500 and the Nasdaq Composite closed flat.In the macroeconomy, Small businesses in Australia had a firm start to the year, with the March quarter recording a 7.2% jump in sales. However, higher fuel prices amid the conflict in the Middle East pose a key risk, Xero said Thursday.Australia's international trade price indexes report is due at 11:30 am Sydney time.In corporate news, Capstone Copper (ASX:CSC) reported Thursday first-quarter adjusted earnings of $0.12 per share on revenue of $652.5 million, compared with adjusted earnings of $0.01 on revenue of $533.3 million a year earlier.Mineral Resources' (ASX:MIN) fiscal third-quarter production volume reached 80 million wet metric tonnes (wmt), up from 62 million wmt a year earlier.Woolworths Group (ASX:WOW) reported fiscal third-quarter sales of about AU$18.1 billion, up 4.5% from AU$17.31 billion in the year-ago period.Australia's benchmark index fell 0.3% or 23.7 points to close at 8,687 on Wednesday.

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Asia

Mineral Resources Secures $1.3 Billion in Senior Notes Offering

Mineral Resources (ASX:MIN) completed the issue of $650 million in 6% senior unsecured notes due 2032 and a further $650 million in 6.25% notes due 2034, using the proceeds to refinance existing debt and strengthen its overall financial position, according to a Thursday filing with the Australian bourse.The proceeds and cash on hand will refinance $625 million of 2027 notes, repay $300 million of iron ore prepayments, partially redeem $350 million of 2028 notes, and fund the remaining $750 million of 2028 notes expected to be repaid after completing a lithium partnership with POSCO Holdings, per the filing.The company will have no material debt maturities until 2030 once these steps are completed and expects to reduce annual finance costs by around $150 million, improving financial flexibility for future capital allocation, the filing added.

ASX:MIN
Asia

Mineral Resources Posts Higher Fiscal Q3 Production; Lifts Fiscal 2026 Mining Services Output Volume Guidance

Mineral Resources' (ASX:MIN) fiscal third-quarter production volume reached 80 million wet metric tonnes (wmt), up from 62 million wmt a year earlier, according to a Thursday filing with the Australian bourse.Total iron ore production for the three months ended March 31 across Onslow Iron and the Pilbara Hub was 10.3 million wmt, with shipments totaling 9.3 million wmt, the filing said.Total attributable spodumene production for the quarter across Wodgina and Mt Marion operating sites reached 127,000 dry metric tonnes (dmt) of SC6, while sales totaled 115,000 dmt of SC6, per the filing.The company upgraded its fiscal 2026 mining services production volume guidance to 320 million to 330 million tonnes, previously 305 million to 325 million tonnes, and raised its Onslow Iron volume guidance to 17.7 million to 19.4 million wmt, previously 17.1 million to 18.8 million wmt.The company also increased its fiscal 2026 lithium volume guidance to 270,000 to 290,000 dmt of SC6 for Wodgina, up from 260,000 to 280,000 dmt previously, and to 210,000 to 230,000 dmt of SC6 for Mt Marion, up from 190,000 to 210,000 dmt previously.

ASX:MIN
Asia

ASX Biggest Gainers

Here are the 10 ASX-listed companies with the biggest gains on Monday.Elevra Lithium (ASX:ELV): +7%, AU$12.92Newmont (ASX:NEM): +6%, AU$166.42IGO (ASX:IGO): +5%, AU$7.39Pilbara Minearls (ASX:PLS): +3%, AU$5.99Breville Group (ASX:BRG): +2%, AU$31.53Evolution Mining (ASX:EVN): +2%, AU$13.08Greatland Resources (ASX:GGP): +2%, AU$14.23Life360 (ASX:360): +1%, AU$21.23Sandfire Resources (ASX:SFR): +1%, AU$17.34Mineral Resources (ASX:MIN): +1%, AU$60.24

ASX 200ASX:360ASX:BRGASX:ELVASX:EVNASX:GGPASX:IGOASX:MINASX:NEMASX:PLSASX:SFR
Asia

Mineral Resources, Curtin University Collaborate to Study Environmental DNA-Based Biodiversity Assessment

Mineral Resources (ASX:MIN) partnered with Curtin University to study environmental DNA-based biodiversity assessment for surveying and monitoring species in land-based ecosystems, according to a Wednesday statement.Environmental DNA detects tiny traces of genetic material that organisms leave behind in their environment, in the form of faeces, hair, scales, pollen, and other materials. Samples were collected from different parts of an ecosystem, such as soil, water, leaves, animal scats, and cobwebs.The collaboration seeks to identify the usefulness and practicality of environmental DNA analysis through five separate projects, per the statement.

ASX:MIN
Asia

Mineral Resources Prices $1.3 Billion in Senior Unsecured Notes to Refinance Existing Debt

Mineral Resources (ASX:MIN) said it has priced $650 million in 6% senior unsecured notes due May 2032 and $650 million in 6.25% senior unsecured notes due May 2034, in an offering to qualified institutional buyers, according to a Tuesday Australian bourse filing.The company said the settlement is expected to occur in New York on April 29, with interest payable on May 1 and Nov. 1 each year, and the notes are guaranteed by its certain units.The company will use the proceeds, together with cash on hand, to refinance its existing $625 million 8% senior unsecured notes due November 2027, fully repay the outstanding balance of its iron ore prepayment, and redeem $350 million of its existing $1.1 billion 9.25% senior unsecured notes due October 2028.The transaction is expected to deliver finance cost savings of AU$48 million per year, decreasing the company's weighted average cost of debt to 7.4% from 8.4% and extending its weighted average tenor to five years from 3.1 years, the filing added.

ASX:MIN
Asia

ASX Biggest Gainers

Here are the five ASX-listed companies with the biggest gains on Friday.IGO (ASX:IGO): +6%, AU$9.27Mineral Resources (ASX:MIN): +5%, AU$62.47Pilbara Minerals (ASX:PLS): +5%, AU$5.99Paladin Energy (ASX:PDN): +4%, AU$14.75WiseTech Global (ASX:WTC): +3%, AU$46.56

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