Business
Mineral Resources (ASX:MIN) share price falling despite good news
The Mineral Resources Limited (ASX: MIN) share price is falling today despite news of a maiden production. This afternoon, the mining services company announced the first iron ore production from its Wonmunna Iron Ore Mine in Western Australia’s Pilbara region.
The Mineral Resources share price is currently trading for $37.41, down 4.2% from Friday’s close.
Let’s look further into the company’s announcement.
Wonmunna Iron Ore Mine
The announcement of the mine’s maiden production comes only five months after Mineral Resources began breaking ground at the site.
Mineral Resources stated it plans for the mine to produce its approved 5…
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