Trends-AU

MinRes lands friendly Korean to blast away debt doubters

The white-knuckle ride of Australian large caps, Mineral Resources, has finally played its trump card.

The miner and mining services group, burdened with more debt than it has accumulated in profits since listing nearly 20 years ago, has cut a friendly and very handsome deal to sell stakes in its two best West Australian lithium mines to South Korean steel giant Posco.

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