Magnum Mining and Exploration Limited
AASX:MGU0.01
AUD
+0.00
(-14.29%)
ISIN
AU000000MGU3
Return %
Stock
S&P 500
1Y
-14.29
14.39
3Y
-62.73
81.42
5Y
-87.01
68.62
Capital Structure
AUD
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in mil. unless spec.Working Capital
AUD
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in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
AUD
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.Company Description
- CEO
- Antonio Vitor
- Full Time Employees
- 1
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- Level 1 Melbourne VIC Australia 3205
- IPO Date
- Apr 23, 1987
- Website
- mmel.com.au
- Similar Companies
- Business
- Magnum Mining and Exploration Limited is an Australia-based mining and exploration company primarily engaged in the production of iron ore concentrate and sustainable green pig iron. The company’s core products include magnetite iron ore concentrate and green pig iron produced using HIsmelt technology, which incorporates biochar as a coal replacement to create low emission pig iron. Magnum operates notable projects such as the Buena Vista Magnetite Iron Ore and HIsmelt Pig Iron Project in Nevada and the Appalachian Iron HIsmelt Pig Iron Project in West Virginia, focusing on supplying electric arc furnace steelmakers in the US West Coast and Ohio River Valley. Additionally, the company is expanding into the rare earth elements (REE) market with recent acquisitions of the Palmares and Azimuth REE Projects in Brazil, where it is conducting exploration and drilling programs targeting high-grade rare earth minerals including heavy rare earths and scandium. Founded in 1986 and headquartered in Subiaco, Australia, Magnum Mining and Exploration serves customers primarily in Australia, the United States, and Brazil. The company completed its acquisition of Palmares Estudos Geologicos LTDA in late 2024 for $1.7 million, securing 100% ownership of two Brazilian REE projects strategically located in mining-friendly jurisdictions. Magnum is collaborating with Sweden’s Wickers Group under a two-year agreement to jointly develop technologies combining pulp, bio-chemicals, and green pig iron production to enhance its sustainability profile. The company recently commenced auger drilling at the Azimuth REE Project in Brazil and is pursuing fast-tracked permitting for a critical minerals processing hub at its Nevada sites, leveraging US carbon credits and tax incentives to support its green pig iron production goals. Magnum Mining and Exploration’s operations encompass integrated mining, processing, and resource development with an emphasis on sustainable and low emission products to support the steel industry’s long-term sustainability. Its strategic moves into the rare earth elements sector complement its iron ore and pig iron business by diversifying into critical minerals essential for green energy technologies. The company continues to expand its portfolio through acquisitions, exploration programs, and innovative technology partnerships to position itself as a key supplier in the US and global critical minerals markets.