This podcast episode explores the success and unique strategies of Mineral Resources, a founder-led diversified infrastructure and mining business. Led by CEO Chris Ellison, the company has achieved exceptional shareholder returns and aims to continue its growth trajectory. Mineral Resources operates through two divisions: InfraCo, which builds and operates essential infrastructure for the mining industry, and MiningCo, which owns stakes in various mining assets. By focusing on return on invested capital and delivering projects efficiently, Mineral Resources has positioned itself for continued success in the cyclical mining industry. The close relationship between InfraCo and MiningCo, as well as the internal capability and focus on providing exceptional working conditions, further contribute to the company's efficiency and productivity. This episode provides valuable lessons for investors, emphasizing the importance of understanding the broader vision, competitive advantage, and through the cycle return on invested capital.