Ellison flags new commodity interest

MINERAL Resources is already a major mining services concern, and an emerging lithium player with an eye on downstream projects, however, managing director Chris Ellison says the company plans to get into a new commodity – and not gas – within a year.

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Speaking at the release of the company’s half-yearly result this afternoon, Ellison confirmed MinRes saw a strong future in the battery minerals space, and that it was looking at all products that would support the energy transition beyond lithium, including gas, graphite and copper.

“We’re close to finalising one other commodity, and we’d hope to open a mine within the next 12 months,” he said.

The tight-lipped Ellison, who appears to have lost his bid for the giant Waitsia gas field in Western Australia, would only say it was a commodity the company had not been involved in before.

He shrugged off concerns about MinRes’ recent dalliances in other areas, such as gas and synthetic graphite.

“We know how to build a business, so with the right opportunities we’l...