Mineral Resources Reduces Debt and Raises Production Guidance Across Divisions
Mineral Resources has decreased net debt to approximately $4.5 billion and upgraded production guidance across its operations. These developments reflect strong liquidity and resilient performance despite external challenges.
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Mineral Resources has successfully cut its net debt from $4.9 billion to around $4.5 billion, supported by liquidity of $1.8 billion and effective balance sheet strategies. The company has increased its FY26 production guidance for Mining Services to 320-330 million tonnes, up from 305-325 million tonnes, driven by contract renewals and sustained demand.
In the third quarter of FY26, Onslow Iron produced 7.8 million tonnes, with shipping logistics temporarily affected by cyclones. Lithium production reached 127,000 dry metric tonnes, with an average realised price of $2,105 per tonne, a 92% increase quarter-on-quarter. Despite rising diesel costs, which could increase FOB costs by approximately $4 to $60 per tonne, overall guidance remains unchanged, indicating resilience amid geopolitical tensions.
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