Chris Ellison’s Mineral Resources has posted a loss of more than $800 million and axed its interim dividend, as tottering commodity prices, torrential weather and uncertainty over its leadership weigh on the embattled Western Australian iron ore and lithium miner.

Reporting after the market closed on Tuesday, MinRes posted an $807 million loss for the final six months of 2024, down from a profit of $530 million a year ago. Analysts had expected a pre-tax loss of about $400 million.