Minara Resources Limited
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Minara Resources Limited - Company Capsule
Reference Code: MN0040CC
Published Date: April 2011
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Minara Resources Limited - Company Capsule Page 1
Minara Resources Limited
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Minara Resources Limited - Company Overview
Minara Resources Limited (MRL) is an Australian based company engaged in nickel production. The major products of
the company are nickel and cobalt. In addition to mining, MRL is also engaged in exploration of nickel deposits with a
focus on nickel sulphide resources. The company focuses on growing existing resources and reserves with greenfields
and brownfields prospects. The company also operates a R&D center, through which it develops new technologies and
enhances its process plants. MRL owns and operates the Murrin Murrin nickel and cobalt joint venture project where in
the company has 60% stake. The company’s wholly owned subsidiary is Murrin Murrin Holdings Pty Ltd. The company is
headquartered in Perth, Western Australia, Australia.
Financial Performance
The company reported revenue of (Australian Dollars) AUD 446.074 million during the fiscal year ended 2009. The
company's revenue grew with a year on year growth of4.86 % over fiscal year 2009. During the fiscal year 2009, its
operating margin was 8.36 % as against an operating margin of -6.31 % in fiscal year 2009. During the fiscal year 2009,
the company registered a net margin of 10.90 % as against a net loss of 4.93 % in the fiscal year 2009.
Minara Resources Limited - Key Facts
Minara Resources Limited, Key Facts
Level 4, Perth, Washington
Ticker Symbol, Stock MRE (Australian Stock
Corporate Address: (WA), 6000, Australia Exchange)
Exchange
Telephone + 61 8 92128400 No. of Employees 737
Fax + 61 8 92128401 Financial Year End December
URL www.minara.com.au Revenue (in AUD Million) 425.40
Industry Metals and Mining , Power Revenue (in USD Million) 366.72
Locations Australia
Source: Annual Report, Company Website, Primary and Secondary Research
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Minara Resources Limited - Company Capsule Page 2
Minara Resources Limited
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Minara Resources Limited - Major Products and Services
Minara Resources Limited is an Australian based company which is engaged in nickel production The major products
offered by the company include the following:
Minara Resources Limited, Major Products and Services
Nickel
Cobalt
Source: Annual Report, Company Website, Primary and Secondary Research
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Minara Resources Limited - Company Capsule Page 3
Minara Resources Limited
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Minara Resources Limited - Key Competitors
The following companies are the major competitors of Minara Resources Limited:
Breakaway Resources Ltd
Goldminex Resources Limited
Australian Mines Ltd
GME Resources Ltd
Aditya Birla Minerals Limited
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Minara Resources Limited - Company Capsule Page 4
Minara Resources Limited
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Minara Resources Limited - Key Employees
Minara Resources Limited, Key Employees
Name Job Title Board Level Since Age
Chief Executive Officer, Managing
Peter Johnston Executive Board 2001 57
Director
Peter Coates Chairman Non Executive Board 2008 63
Ivan Glasenberg Director Non Executive Board 2000 52
Willy Strothotte Director Non Executive Board 2001 64
John Morrison Director Non Executive Board 1999 46
Malcolm Macpherson Director Non Executive Board 2002 64
Cynthia Sargent Company Secretary Senior Management 2008 44
David Pile Chief Financial Officer Senior Management 2006
Jason Cooke Business Development Manager Senior Management 2001
Wayne Ashworth General Manager - Operation Senior Management
Source: Annual Report, Company Website, Primary and Secondary Research
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Minara Resources Limited - Company Capsule Page 5
Minara Resources Limited
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Minara Resources Limited - Locations and Subsidiaries
Head Office
Minara Resources Limited
Level 4
Perth
Washington (WA)
Zip: 6000
Australia
Tel: + 61 8 92128400
Fax: + 61 8 92128401
Other Locations & Subsidiaries
Minara Resources Limited, Locations
PO Box Z5523
Perth
Zip: 6831
Australia
Tel: + 61 08 9212 8400
Fax: + 61 08 9212 8401
Source: Annual Report, Company Website, Primary and Secondary Research
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Minara Resources Limited - Company Capsule Page 6
Minara Resources Limited
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Minara Resources Limited - Financial Ratios
Financial Ratios - Annual Ratios
Minara Resources Limited, Annual Ratios
Key Ratios Unit/Currency 2010 2009 2008 2007 2006
Equity Ratios
EPS (Earnings per Share) AUD 0.05 0.04 0.02 0.33 -0.51
Dividend per Share AUD 0.05 0.23 0.33
Dividend Cover Absolute 1 1.46 -1.55
Book Value per Share AUD 0.7 0.75 0.7 0.87 0.93
Cash Value per Share AUD 0.12 0.19 0.38
Profitability Ratios
Gross Margin % 20.53 15.33