BUZZ-Australia's MinRes rises on haulage resumption, strong iron ore prices

Reuters

03-28

BUZZ-Australia's MinRes rises on haulage resumption, strong iron ore prices

** Shares of Mineral Resources MIN.AX rise 2% to A$25.26

** Stock gains 11% so far this week, set for its strongest week since October 28, if current trend holds

** The diversified miner resumed haulage operations on Monday at its Onslow iron ore project in Western Australia following a pause

** MinRes also benefited from higher iron ore prices, which were buoyed by seasonal demand in top consumer China IRONORE/

** Stock down 25.8% YTD, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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