Mineral Resources' (ASX:MIN) Founder and Chief Executive Officer Chris Ellison, remains confident in the company's future despite facing significant challenges, including falling commodity prices, operational setbacks, and a AU$5.8 billion debt load, according to a Thursday report by the Australian.
The company also continues to struggle with an AU$230 million repair bill for its Onslow Iron project's haul road in Western Australia, as well as scrutiny over governance issues related to Ellison, the report said.
"Despite all the noise, this is a robust business. We've undergone multiple global shocks and commodity cycles over the years and this will be no different," Ellison reportedly said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price (AUD): $17.01, Change: $+2.6, Percent Change: +18.13%
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