30 June 2014 Notes to the Financial Statements NOTE 42. INTERESTS IN SUBSIDIARIES NOTE 43. INTERESTS IN ASSOCIATES NOTE 44. EVENTS AFTER THE REPORTING PERIOD  On 3 July 2014, the Company has unconditionally accepted the cash takeover offer made by Baosteel Resources  Australia Pty Ltd and Aurizon Operations Limited for Aquila Resources Limited (ASX:AQA) shares.  Apart from the dividend declared as disclosed in note 33, no other matter or circumstance has arisen since 30  June 2014 that has significantly affected, or may significantly affect the Consolidated Entity’s operations, the  results of those operations, or the Consolidated Entity’s state of affairs in future financial years. Interests in associates are accounted for using the equity method of accounting. Information relating to associates  that are material to the Consolidated Entity are set out below: The consolidated financial statements incorporate the assets, liabilities and results of the following subsidiaries  in accordance with the accounting policy described in note 1: For personal use only Ownership interest Name Principal place of business / Country of incorporation 30 June 2014 % 30 June 2013 % Crushing Services International Pty Ltd Australia 100.00%  100.00%  Eclipse Minerals Pty Ltd Australia 100.00%  100.00%  HiTec Energy Pty Ltd Australia 56.44%  64.91%  Mesa Minerals Limited Australia 56.44%  64.91%  PIHA Pty Ltd Australia 100.00%  100.00%  Polaris Metals Pty Ltd  Australia 100.00%  100.00%  Process Minerals International Pty Ltd Australia 100.00%  100.00%  Auvex Resources Pty Ltd Australia 100.00%  100.00%  Mineral Resources (Equipment) Pty Ltd Australia 100.00%  100.00%  PIHA (Water) Pty Ltd Australia 100.00%  100.00%  Mineral Services Pty Ltd Australia 100.00%  -% Mineral Construction Pty Ltd Australia 100.00%  -% Steelpile Pty Ltd Australia 100.00%  -% Ownership interest Name Principal place of business / Country of incorporation 30 June 2014 % 30 June 2013 % Minprocess Group Inc. Philippines 40.00%  40.00%  Iron Processing Group Inc. Philippines 40.00%  40.00%  Process Minerals International Pty Ltd Inc. Philippines 40.00%  40.00%  Notes to the  Financial  Statements Mineral Resources Limited Annual Report 2014  91