Mineral Resources Stock Faces a New Debt-Repair Test After COO Move and POSCO Lithium Push
Mineral Resources Ltd kicked off the week by naming Darren Killeen as its inaugural chief operating officer, handing the veteran executive oversight of daily operations. Killeen, who has been with the Western Australian miner for years, will report straight to Managing Director Chris Ellison. The move comes as the company continues to navigate a delicate balance-sheet situation. MinRes has been working to reassure investors about its hefty spending, rising debt levels, and exposure to lithium prices. The stock settled at A$69.55 on Friday, off A$1.79, or 2.5%, from the previous close, after hitting an intraday high of A$71.62, according to Bloomberg data.