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Mineral Resources Provides Chairman's Address to 2009 AGM
Thursday November 19, 2009, 1:33 pm

Original Announcement: Chairman`s Address 2009 AGM

Mineral Resources provided its Chairman's Address to 2009 Annual General Meeting, reporting normalised NPAT of $49.6m, increase of 3% over FY2008 and 54% dividend payout of 19.35 cps for the year. With regards to operations, highlights 2008/09 include: world best practice safety record maintained; all sections of business performed ahead of budget; 212,000t of manganese shipped; 300,000t of iron ore shipped; 2 additional contract crushing operations brought into operation; and substantial tight fit lining contracts awarded and completed. Looking ahead, the company forecasts an increased profitability for 2009/10, with net profit expected to be between $49m and $65m.

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