Summary
Grange Resources Limited (GRR) FAQ
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Grange Resources Limited ever had a stock split?
Grange Resources Limited Profile
| Metals & Mining Industry | Materials Sector | Mr. Weidong Wang CEO | ASX Exchange | Q4268H129 CUSIP |
| AU Country | - Employees | 13 Sep 2024 Last Dividend | 20 Aug 2009 Last Split | - IPO Date |
Overview
Grange Resources Ltd., before undergoing a reverse merger with Australian Bulk Minerals in January 2, 2009, has established itself as a proactive entity in the acquisition, exploration, evaluation, and development of mineral resources within Australia and Malaysia. The company, with its base in Perth, Australia, primarily delves into the discovery and development of resources such as gold, copper, nickel, iron, and other base metals. Post-merger, the entity has continued to leverage its extensive expertise in exploring valuable mineral deposits, thereby cementing its position in the mining sector.
Products and Services
- Southdown Magnetite Project
This project represents a major part of Grange Resources' undertakings, encompassing three granted mining leases at the western end of the Southdown Magnetite deposit near Albany, Western Australia. The company's 70% interest in the project underscores its commitment to developing high-quality iron ore resources. This initiative not only enhances Grange Resources' portfolio but also contributes significantly to the local economy and the wider mining industry in Australia, through the extraction and processing of magnetite iron ore.
- Kemaman Iron Ore Pellet Plant Project
Located in the state of Terengganu, Malaysia, this project showcases Grange Resources' international operational capabilities. The company's development of an iron ore pellet plant stands as a testament to its diversification strategy and its aim to meet global iron ore demand. Through this project, Grange Resources aims to process iron ore into pellets, which are a premium form of iron ore that can be shipped and used directly in steel making, thus adding value to the company's offerings.
- Bukit Ibam Iron Ore Project
Holding a 51% interest, Grange Resources is actively involved in the Bukit Ibam iron ore project in Pahang state, Malaysia. This project further strengthens the company's footprint in Malaysia and underscores its strategy to enhance its base metal operations. By focusing on the extraction and development of iron ore, Grange Resources aims to support the region's growing demand for raw materials necessary for construction and manufacturing industries, thereby contributing to local and regional economic growth.
