- Case Study
"TDM is the ultimate shareholder, and your contribution has added so much to our business, our reputation, and the way we are perceived by some very high-quality investors. Your support is invaluable."
CHRIS ELLISON CEO AND FOUNDER, MINERAL RESOURCES
Mineral Resources’ Growth Story
Mineral Resources is one of Australia’s great growth stories.
Mineral Resources (ASX: MIN) is a leading Australian diversified resources company, with operations in lithium, iron ore, natural gas and mining services.
As one of the world’s best designers and operators of iron ore crushing facilities, and through their innovative and cost-effective mining services solutions, Mineral Resources has been able to move up the value chain, maturing into an ASX 50 company.
Our Ownership
TDM owned shares in Mineral Resources for 20 years, from their IPO on the ASX in 2006 through to 2026. It has been remarkable to watch MRL grow from a small mining services business earning $20m to a diversified ASX 50 mining company with more than $12 billion of assets and on track to generate over $2 billion of EBITDA. Our IRR (including dividends) over the 20 years of the investment was 37%.
Over this time, we built a fantastic and collaborative relationship with management and played a role in articulating Mineral Resources’ unique build-own-operate value proposition to the market.
