MinRes shares set for worst week in three on mine closure, governance woes
** Shares of Australia's Mineral Resources MIN.AX set for their worst weekly performance since late October, if current trend holds; on the day co slips as much as 5.3% to A$33.44 per share
** MIN puts its Bald Hill mine in Western Australia under care and maintenance as part of a strategic review
** The move, which will impact 300 jobs from this week, comes as a response to a prolonged downturn in battery metal prices
** Last week, superannuation fund HESTA placed MIN on its watchlist, citing disappointment over its inadequate response to governance issues involving billionaire founder Chris Ellison
** Co said Ellison would exit within 18 months after an internal probe found him guilty of evading taxes and using company resources for his personal benefit
** Shares hit their lowest since Oct. 28
** Stock is the third-biggest pct loser in the benchmark S&P/ASX 200 index .AXJO
** Stock down 51.6% YTD, including current session's moves
Reporting by Roushni Nair in Bengaluru
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