Website www.minara.com.au Founder Andrew Forrest Type Proprietary company | Headquarters Perth, Australia Founded 1994 | |
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Industry Raw materials / Merchant CEO Peter Johnston (28 Nov 2001–) Subsidiaries Anaconda Nickel Holdings Pty Ltd, Murrin Murrin Holdings Pty Limited, Pilbara Nickel Pty Limited | ||
Minara Resources Pty Ltd is one of the major mining companies of Australia, specializing in the mining of cobalt and nickel. It is one of the top ten nickel mines in Australia. It is wholly owned by the Swiss commodities trading firm, Glencore plc as of November 2011. Based in Perth, Minara Resources was founded in 1994 as the successor to Anaconda Nickel Ltd. which was founded by Fortescue Metals Group chief Andrew Forrest. In 2006, it had a capitalization of approximately $1.3 bn. At the time of takeover, it was valued at a total of $1.02 billion (Australian). Minara applied on October 14, 2011 to have its stock (MRE) suspended from trading on the Australian Stock Exchange.
Key personnel
Prior to its full takeover by Glencore its Board of Directors as of February, 2010 were: