Lithium exposure makes Mineral Resources a high-risk investment.
Mineral Resources has announced an intended merger with iron ore miner Atlas Iron via a scheme of arrangement. Consideration is one Mineral Resources share for every 571 Atlas shares. The scheme values Atlas at AUD 280 million (using Mineral Resources' announced AUD 17.24 share price), and would see Atlas shareholders with 8.2% of expanded Mineral Resources' equity. The bid represents a near-60% premium to Atlas' prior close and is unanimously recommended by the target company’s directors. The s...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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