Mineral Resources Limited: Covenant Quality Post-Sale Snapshot: $1.1bn 9.250% Senior Notes due 2028
Mineral Resources Limited’s covenant package provides weak protection reflecting a weak covenant score of 3.70.Mineral Resources is a provider of mining infrastructure services. These services consist of: site services, including remote mine-site accommodation services, remote power services, and aerodrome management or personnel transport; mining services, including mine scheduling and grade control, mining operations and mine site haulage, dewatering and equipment hire; plant or processing services, including crushing and mineral processing, mobile processing services, and pipeline and water solutions; transport services, including road and rail logistics, ownership of locomotives and wagons, and road transport solutions; port services, including port logistics; and commodity sales and marketing.
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