Mineral Resources Ltd
MIN: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$98.00 | Sks | Xscynws |
Mineral Resources: Selldown of Onslow Iron Toll Road Reduces Balance Sheet Pressure
No-moat Mineral Resources announced the sale of a 49% interest in the Onslow Iron project’s dedicated haul road for AUD 1.3 billion to Morgan Stanley Infrastructure Partners. All up, aftertax proceeds of AUD 1.2 billion are anticipated. This is broadly as we expected, and our AUD 67 fair value estimate stands.