Resources Connection Inc

Mineral Resources has activated three crushers at its Ken's Bore operation, achieving installed capacity of 40.9 million tonnes annually. The company shipped 8.7 million tonnes from Onslow Iron last quarter while working to reduce its A$4.9 billion net debt.

Mineral Resources Ltd shares dropped 5.3% despite reporting record first-half earnings, as the market focused on the company's decision to skip its interim dividend and its ongoing debt reduction efforts.

Mineral Resources Ltd shares advanced 0.8% to A$52.02, valuing the company at A$10.3 billion, as markets await its half-year financial report on February 20. The miner recently reported first-half iron ore shipments of 17.3 million tonnes and reduced net debt to A$4.9 billion.

Mineral Resources shares rose 0.7% to A$52.15 amid a broad market rebound, with investors awaiting the company's half-year financial report on February 20.