METS

MinRes looking to double mining services business

AFTER a big 2019 financial year, Mineral Resources boss Chris Ellison expects the company will “at least double” its core mining services business in the next three years.

 Chris Ellison presents to the Mineral Resources AGM

Chris Ellison presents to the Mineral Resources AGM

Mining services EBITDA for FY19 was A$209 million and is forecast to rise to $280-300 million in FY20. "It's been fairly boring in the sense that it's been extremely well-run," Ellison told the company's...

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