Minara Resources was a mining company in

Western Australia Western Australia (WA) is the westernmost state of Australia. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to the south, the Northern Territory to the north-east, and South Australia to the south-east. Western Aust ...

, specialising in the mining of

cobalt Cobalt is a chemical element; it has Symbol (chemistry), symbol Co and atomic number 27. As with nickel, cobalt is found in the Earth's crust only in a chemically combined form, save for small deposits found in alloys of natural meteoric iron. ...

and

nickel Nickel is a chemical element; it has symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive, but large pieces are slo ...

. Minara operated the Murrin Murrin Mine located in the north-east

Western Australian Goldfields The Western Australian Goldfields is a term for areas in Western Australia that have had significant areas of gold mining occur. Range of goldfields There are goldfields across the state of Western Australia that area included in the range of Mi ...

. Based in

Perth Perth () is the list of Australian capital cities, capital city of Western Australia. It is the list of cities in Australia by population, fourth-most-populous city in Australia, with a population of over 2.3 million within Greater Perth . The ...

, Minara Resources was founded in 1994 as the successor to Anaconda Nickel which was founded by Fortescue chief

Andrew Forrest John Andrew Henry Forrest (born 18 November 1961), nicknamed Twiggy, is an Australian businessman. He is best known as the former CEO (and current non-executive chairman) of Fortescue Metals Group (FMG), and has other interests in the mining ...

. In 2006, it had a market capitalisation of approximately $1.3 billion. At the time of takeover, it was valued at $1.02 billion. In August 2011, Glencore launched a successful

takeover offer In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are publicly listed, in contrast to the acquisi ...

for the 27% of shares it didn't own. Minara Resources was

delisted In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are publicly listed. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, subject to conditions. ...

from the

Australian Securities Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...

in October 2011.Minara Resources Limited Removal from Official List

26 October 2011

References

External links

Official website
{{Mining companies of Australia, state=collapsed Companies based in Perth, Western Australia Companies formerly listed on the Australian Securities Exchange Glencore Mining companies of Australia Nickel mining companies 1994 establishments in Australia 2011 disestablishments in Australia