Minara Resources Limited - Company Capsule by ICDResearch

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									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        
								
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