CAPITAL MARKETS

Lower costs key to Minara turnaround

MINARA Resources won’t pay a dividend this year, despite lodging a substantial profit turnaround in 2009 and having nearly $A250 million cash at the end of the year.

Nick Evans
Lower costs key to Minara turnaround

Minara, which holds a 60% share in the Murrin Murrin nickel-cobalt joint venture in Western Australia, posted a $48.5 million net profit for the year, up from a $19.8 million loss in 2008. But the company’s...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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