1. Mineral Resources Ltd
2. Mineral Resources Ltd Perth
3. Mineral Resources Ltd Australia
4. Mineral Resources Ltd Stock Price

Mineral Resources: Definition, Types, Use and Exploitation!

Mineral Resources Limited (MIN) is a mining services company with a portfolio of mining operations across lithium and iron ore. MRL has been providing safe, high-quality, low-cost mining, mining construction and mining infrastructure services in Australia. Mineral Resources Ltd Dividend policy Suspended Price as of: APR 06, 04:10 PM EDT $28.0 +0.0 +0.0% MALRF: OTC (Stock) Mineral Resources Ltd Dividend policy.

MINERAL RESOURCES LIMITED: Financial news and information Stock MINERAL RESOURCES LIMITED Australian Stock Exchange: MIN Australian Stock Exchange. At Mineral Resources International, Inc., we are committed to not only improving health and lives, but improving the health and well-being of the larger national and global community.

Definition:

Minerals provide the material used to make most of the things of industrial- based society; roads, cars, computers, fertilizers, etc. Demand for minerals is increasing world wide as the population increases and the consumption demands of individual people increase. The mining of earth’s natural resources is, there­fore accelerating, and it has accompanying environmental consequences.

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A mineral is a pure inorganic substance that occurs naturally in the earth’s crust. All of the Earth’s crust, except the rather small proportion of the crust that contains organic material, is made up of minerals. Some minerals consist of a single element such as gold, silver, diamond (carbon), and sulphur.

More than two-thousand minerals have been identified and most of these contain inorganic compounds formed by various combinations of the eight elements (O, Si, Al, Fe, Ca, Na, K, and Mg) that make up 98.5% of the Earth’s crust. Industry depends on about 80 of the known minerals.

A mineral deposit is a concentration of naturally occurring solid, liquid, or gaseous material, in or on the Earth’s crust in such form and amount that its extraction and its conversion into useful materials or items are profitable now or may be so in the future. Mineral resources are non-renewable and include metals (e.g. iron, copper, and aluminum), and non-metals (e.g. salt, gypsum, clay, sand, phosphates).

Minerals are valuable natural resources being finite and non-renewable. They constitute the vital raw materials for many basic industries and are a major resource for development. Management of mineral resources has, therefore, to be closely integrated with the overall strategy of development; and exploitation of minerals is to be guided by long-term national goals and perspectives.

Types of Mineral Resources:

Minerals in general have been categorized into three classes’ fuel, metallic and non-metallic. Fuel minerals like coal, oil and natural gas have been given prime importance as they account for nearly 87% of the value of mineral production whereas metallic and non-metallic constitutes 6 to 7%.

(A) Fuel Minerals:

Coal, oil and natural gas are the basic fossil fuel. We have good reserves for coal but are very poor in more essential fuel — oils and natural gas.

(i) Coal:

Proven coal reserves of the country as on January 1994 (estimated by GSI) is about 68 billion tonnes. We are mining about 250 tonnes annually and this rate is expected to go by 400 – 450 tonnes by 2010 A.D. If we could maintain our mining rate of 400 tonnes per year then the coal reserves might last for about 200 years taking proven reserves as 80 billion tonnes.

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The calorific value of coal varies with percentage of carbon present in it. Coal depending upon variation in percentage carbon, can be divided into three cat­egories as follows (bituminous / anthracite type is the most abundant form present in Indian coal):

Table 2.3: Categories of Coal

(ii) Crude Oil (Petroleum):

It is believed that petroleum has been formed over a period of millions of years, through conversion of remains of micro organisms living in sea, into hydrocar­bon by heat, pressure and catalytic action. The petroleum on fractional distillation and further processing provides us nu­merous products and by-products.

Some of the common products obtained on fractional distillation are given in Table 2.4, along with the temperature (just below the boiling point) at which they tend to liquefy after crude oil feed at the base is heated to about 400°C. One million tonne of crude oil on fractional distil­lation provides about 0.8 million tonnes of petroleum products.

The percentage composition varies with the quality of crude oil or it could be varied up to a certain limit depending upon the requirement or demand. On an average the percentage composition of the common product with their number of carbon atoms is given in table 2.4.

Table 2.4.: Average % Composition of Petroleum products (with no. of C atoms) obtained through fractional distillation.

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We have very poor reserves for petroleum just limited to 700 million tonnes. About 40% of the total consumption of the overall petroleum products of the country is used in road transport sector (in case of diesel, consumption of road transport sector is to the extent of 70% of the total diesel consumption of the country).

Rest 60% of the petroleum products are used in industries including power generation, domestic and for miscellaneous purposes. In view of rapid growth of these vital sectors, the consumption of petroleum products has been increasing consistently over a period of last few years and is bound to increase at rapid pace in near future.

(iii) Natural Gas:

The proven reserve for natural gas on April 1993 works out to be approx. 700 billion cubic meter (BCM). As regard to production vis a vis utilization aspect in earlier years, more than half of gas coming out of the wells remained unutilized. However, in recent years, we have achieved a utilization rate of 80 – 90%. Keeping in view the future demands and proven gas reserves, it is unlikely that our gas reserves might last for more than 20 years.

Mineral Resources Ltd

(B) Metallic and Non-metallic Minerals:

India is poorly endowed with mineral wealth. Except for iron ore and bauxite our share of world reserves of every other mineral is one percent or less. How­ever, there has been a phenomenal growth in production since independence. As per estimates if the present trend of production continues, we will exhaust our reserves of all the important minerals and fuels, except coal, iron ore, lime­stone and bauxite, in 25 to 30 years.

Use and Exploitation:

The use of minerals varies greatly between countries. The greatest use of min­erals occurs in developed countries. Like other natural resources, mineral deposits are unevenly distributed around on the earth. Some countries are rich in mineral deposits and other countries have no deposits. The use of the min­eral depends on its properties. For example aluminum is light but strong and durable so it is used for aircraft, shipping and car industries.

Recovery of mineral resources has been with us for a long time. Early Paleolithic man found flint for arrowheads and clay for pottery before developing codes for warfare. And this was done without geologists for exploration, mining engi­neers for recovery or chemists for extraction techniques. Tin and copper mines were necessary for a Bronze Age; gold, silver, and gemstones adorned the wealthy of early civilizations; and iron mining introduced a new age of man.

Human wealth basically comes from agriculture, manufacturing, and mineral resources. Our complex modern society is built around the exploitation and use of mineral resources. Since the future of humanity depends on mineral resources, we must understand that these resources have limits; our known supply of min­erals will be used up early in the third millennium of our calendar.

Further­more, modern agriculture and the ability to feed an overpopulated world is de­pendent on mineral resources to construct the machines that till the soil, enrich it with mineral fertilizers, and to transport the products.

We are now reaching limits of reserves for many minerals. Human population growth and increased modern industry are depleting our available resources at increasing rates. The pressure of human growth upon the planet’s resources is a very real problem.

The consumption of natural resources proceeded at a phe­nomenal rate during the past hundred years and population and production increases cannot continue without increasing pollution and depletion of min­eral resources.

The geometric rise of population as shown in Fig. 2.3 has been joined by a period of rapid industrialization, which has placed incredible pres­sure on the natural resources. Limits of growth in the world are imposed not as much by pollution as by the depletion of natural resources.

As the industrial­ized nations of the world continue the rapid depletion of energy and mineral resources, and resource-rich less-developed nations become increasingly aware of the value of their raw materials, resource driven conflicts will increase.

In Fig. 2.4., we see that by about the middle of the next century the critical factors come together to impose a drastic population reduction by catastrophe. We can avert this only if we embark on a planet-wide program of transition to a new physical, economic, and social world that recognizes limits of growth of both population and resource use.

In a world that has finite mineral resources, exponential growth and expanding consumption is impossible. Fundamental adjustments must be made to the present growth culture to a steady-state system.

This will pose problems in that industrialized nations are already feeling a loss in their standard of living and in non-industrialized nations that feel they have a right to achieve higher stand­ards of living created by industrialization. The population growth continues upward and the supply of resources continues to diminish. With the increasing shortages of many minerals, we have been driven to search for new sources.

Some time in the second half of CY 2018:

Mineral Resources Ltd Perth

That AFR story from June 2018 paints a reasonable bear case for MinRes (MIN). They've now reported and they're trading a couple of dollars lower than they were a couple of months ago.

Here's the thing - I don't trust Chris Ellison like I trust the management at MND or GNG, but I do trust Ellison to do what's in his own best interests. He's got somewhere between $300m and $350m worth of MIN shares (over 21 million shares), so most of his personal wealth is tied up in MIN. He can afford a volatile share price, but he will make sure the MIN SP is up when he next wants to sell some shares.

He last sold shares in November (28th to 30th) and it was 1,862,766 MIN shares at $19.82 average price, for a cool $37 million. And that was only 8% of what Chris held at that time, so it wasn't a massive sell-down - for him, but he certainly got a good price! He also has another 365,462 performance rights under the MIN FY16 & FY17 LTI (long term incentive) Schemes that will vest at various times over the next couple of years. Chris will make sure they vest.

Mineral Resources Ltd Australia

You have to expect plenty of volatility with MIN, but you can still make money from owning them. They can be traded or a long term hold.

18-Sep-18: I'm not currently holding MIN shares, but I often do.

Mineral Resources Ltd Stock Price

19-Mar-20: I'm holding them again - bought back in after they reported in September 2019.