Mineral Resources Limited
ASX: MIN | |
Industry | Mining |
Founded | July 1992 |
Founder | Chris Ellison |
Headquarters | Perth,Western Australia |
Area served | Goldfields, Pilbara |
Key people | James McClements (Non-Executive Chairman) Chris Ellison (Managing Director) |
Products | Iron ore, lithium, mining services |
Revenue | $3.7 billion (2021) |
$1.9 billion (2021) | |
Website | www.mineralresources.com.au |
Mineral Resources Limited (also shortened to MinRes) is a Western Australian mining services company.
History
[edit]Mineral Resources was established in July 2006 when pipeline manufacturing and contracting business PIHA, Crushing Services International and Process Minerals International merged and was listed on the Australian Securities Exchange.[1][2][3]
Mineral Resources was added to the S&P/ASX 50 in June 2022 as one of the 50 largest companies by market capitalisation on the ASX.[4]
In June 2024, the company announced it would shut down its Yilgarn iron ore hub by the end of the year after it was deemed financially unviable to operate.[5]
Operations
[edit]Mineral Resources operates two iron ore hubs: Utah Point Hub in Port Hedland and Yilgarn Hub in Esperance. Mines are operated at Iron Valley, Koolyanobbing and Kumina.[6]
Mineral Resources is involved in bulk ore transportation in the Pilbara.[7][8] In 2014, Mineral Resources purchased six UGL Rail C44aci locomotives and 382 iron ore wagons taking over the operation of its services from Aurizon.[9][10]
Minerals Resources operates two hard rock lithium mines in Western Australia; Mount Marion in the Goldfields,[11] and Wodgina in the Pilbara.[12][13]
References
[edit]- ^ Mineral Resources Limited: Admission to Official List Australian Securities Exchange 26 July 2006
- ^ Dickson, Alan (April 2019), "Mineral Resources Limited", Equity, 33 (4): 16–17, ISSN 1323-5303
- ^ MinRes turns $50m Pilbara Minerals stake into $330m Australian Financial Review 5 September 2021
- ^ "MinRes to join ASX 50". MiningNews.Net. 6 June 2022. Retrieved 19 February 2023.
- ^ Burton, Jesinta (19 June 2024). "'Prudent but difficult': Mineral Resources announces Yilgarn shutdown, 1000 jobs affected". WAtoday. Retrieved 22 June 2024.
- ^ MinRes to supercharge iron ore export capacity Australian Mining 20 November 2020
- ^ Western Australia. Environmental Protection Authority (2016), Pilbara Bulk Ore Transportation System : Mineral Resources Limited, Environmental Protection Authority, retrieved 14 September 2021
- ^ Western Australia. Environmental Protection Authority; Mineral Resources Limited (2017), Jackson 5 and Bungalbin East Iron Ore Project : Mineral Resources Limited, Environmental Protection Authority of Western Australia, retrieved 14 September 2021
- ^ New rail fleet hits the tracks at Carina iron ore mine Australian Mining 25 July 2014
- ^ Mineral Resources buy their own Trains Railway Digest May 2014 page 30
- ^ "Australias Mt Marion lithium mine beats guidance". Argus Media. 30 July 2021. Retrieved 15 September 2021.
- ^ "Lithium". Mineral Resources. Retrieved 15 September 2021.
- ^ "Mines statistics highlight reductions at Wodgina". Australianmining.com.au. 1 August 2018. Retrieved 15 September 2021.