Economic performance and value creation
We are committed to operating with an aim to sustain long-term value creation for all our stakeholders.
Our approach
MinRes has developed an operating model to sustain long-term value creation for our stakeholders.
We aim to create long-term value for our communities while making positive contributions by producing the minerals critical for our transition to a low carbon environment, paying taxes and royalties, investing in our people and community programs while providing returns to our shareholders.
While identifying challenges and improvement areas for our business, we aim to establish a holistic approach that captures all aspects of our economic sustainability and value creation.
The inputs, or capital sources, from which we create value include human, natural, social and relationships, financial, manufactured and intellectual.
Financial and operational
MinRes is committed to optimising our operations and leveraging market opportunities to enhance shareholder value and improving sustainable performance.
We pursue operational excellence, embrace innovative technologies and adopt best practices, endeavouring to increase productivity and efficiency to fuel revenue growth and profitability.
Through strategic planning and risk management, we identify challenges and growth options to capitalise on opportunities that align with our long-term objectives, ensuring sustained value creation for our shareholders.
Refer to our 2024 Sustainability Report for more information on how MinRes generates and distributes value.
Tax Transparency
Payment of taxes and royalties is an important part of our commitment to making a positive impact in our local communities and the wider Australian economy.
We are committed to the public disclosure of payments made to governments and communities, including tax payments, royalties paid, and political donations made.
Through improving transparency about our tax risk management framework and associated tax profile, we strengthen our social licence within the regions where we operate.
We believe that informing our stakeholders on our approach to tax, and the governance and controls processes we have in place, builds trust within the areas where we operate and improves the overall integrity of the tax regimes we must comply with. We fulfil our tax obligations and pay royalties in accordance with the laws and regulations of the jurisdictions in which we operate.
Refer to our 2024 Tax Transparency Report.
Value creation model
We recognise that our employees and contractors are our most valuable asset. The collective knowledge, skills and dedication of our workforce are essential drivers of our economic success and long-term value creation.
We acknowledge and understand our responsibility to protect, preserve, maintain and restore the regions where we operate.
From exploration to closure, we follow strict environmental standards within the areas where we operate.
We strive to mitigate the potential negative impacts on the natural environment, biodiversity and ecosystems.
We also continue to improve our approach to land management, disturbance and rehabilitation, including through seed collections and conducting technical studies to address knowledge gaps and inform enhanced rehabilitation and closure outcomes.
We place a high degree of value on the relationships the business has built with external stakeholders, as these connections and the resulting trust are vital to our social licence to operate.
The relationships we have with all stakeholders including communities, government and non-government agencies, landholders and Traditional Owners is essential to the long-term sustainability of our business.
We have an obligation to all stakeholders, to be reliable stewards of allocated capital and invest in activities that generate strong returns in a sustainable manner with financial capital acting as a catalyst for sustainable growth, innovation and long-term success.
We are committed to delivering value to our shareholders. We aim to generate sustainable profits and maintain a robust financial position, enabling us to provide attractive returns to our shareholders through ongoing dividends and capital appreciation.
Our focus on financial performance and disciplined capital allocation helps us build investor confidence, attract investment and contribute to the broader economy.
We maintain high standards of financial transparency and accountability, through accurate and timely financial reporting, where we provide stakeholders with a clear understanding of our financial performance, position and prospects.
Through accurate and timely financial reporting, we provide stakeholders with a clear understanding of our financial performance, position and prospects.
Financial capital is crucial in driving economic development and value creation.
Through strategic investment, exploration, partnerships, cost management and a commitment to transparency, we aim to optimise the deployment of our financial resources.
Our operations are capital-intensive and require investment in infrastructure including significant plant and equipment.
These capital-intensive investments not only support our mining activities but also generate economic development and value.
We understand the importance of robust infrastructure in supporting our operations and driving economic value. As a result, we allocate substantial financial resources to acquire and develop infrastructure.
Intellectual capital is vital for our approach to economic growth and value creation.
We take pride in our ability to develop the skills, expertise and knowledge to perform work internally whilst still leveraging external contractors and suppliers when needed.
We prioritise knowledge management and innovation as key drivers of economic success.
By harnessing the expertise and insights of our workforce, we foster innovation, improve operational efficiency, and drive economic value through process improvements, cost savings, and the development of new technologies and solutions.
Through innovation, partnerships and continuous employee development, we harness our intellectual capital to drive financial growth, enhance our competitive position and create sustainable value for our stakeholders.