Street Talk

Chris Ellison’s MinRes calls in bankers to explore lithium assets sale

Sarah Thompson, Kanika Sood and Emma Rapaport

Oct 9, 2025 – 3.46pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

Mineral Resources has called in bankers to explore options for its portfolio of lithium operations, as it seeks to manage its $5.4 billion net debt load amid a low commodity price cycle.

MinRes, capitalised at $8.6 billion on the ASX, has hired JPMorgan to review its broader West Australian lithium portfolio, including its 50 per cent stake in the Mt Marion mine in the Goldfields region, held alongside China’s Jiangxi Ganfeng. It also includes Australia’s second-largest lithium mine Wodgina, which is a 50-50 joint venture with New York-listed giant Albemarle.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.