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AAP
AAP
Business
Marion Rae

'Not a fun time': Mineral Resources annual profit drops

Mineral Resources Chris Ellison lithium
Mineral Resources, which owns the Onslow Iron project, is not having a "fun" time. (HANDOUT/MINRES)

Mining and energy company Mineral Resources has warned of challenging months ahead after the lithium price slump crushed its annual profit, forcing it to rule out dividend payments.

"We're throwing everything off the deck just to make sure we conserve cash," MinRes founder and managing director Chris Ellison said on Thursday.

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