Misplaced Pages

Mineral Resources

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Mining company in Western Australia This article is about the Australian mining company. For the Papua New Guinea mining company, see Mineral Resources Development Company.

Mineral Resources
Traded asASX: MIN
IndustryMining
FoundedJuly 2006
FounderChris Ellison
HeadquartersPerth, Western Australia
Area servedGoldfields, Pilbara
Key peopleJames McClements (Chairman)
Chris Ellison (Managing Director)
ProductsIron ore, lithium
ServicesMining services
Revenue$5.3 billion (2024)
Net income$158 million (2024)
Number of employees8,500 (2024)
Websitewww.mineralresources.com.au

Mineral Resources Limited, commonly known as MinRes, is a Western Australian mining services company.

History

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.

In November 2023 the Bald Hill Lithium and Tantalum Mine was purchased. In November 2024 the mine was closed and put into care and maintenance after a collapse in lithium prices.

In June 2024, Mineral Resources announced it would shut down its Yilgarn iron ore hub by the end of the year after it was deemed financially unviable.

Operations

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.

Mineral Resources is involved in bulk ore transportation in the Pilbara. In 2014, Mineral Resources purchased six UGL Rail C44aci locomotives and 382 iron ore wagons taking over the operation of its services from Aurizon.

Minerals Resources operates two hard rock lithium mines in Western Australia; Mount Marion in the Goldfields, and Wodgina in the Pilbara.

MinRes Air

Having previously relied on other air service providers to operate flights for its fly-in fly-out workforce, in July 2024 MinRes Air was launched with a former Tigerair Airbus A319 on services between Brisbane and the Pilbara with plans to introduce a Perth service.

Initially the services are being operated by Skytraders, pending MinRes Air being granted its own air operator's certificate. In July 2024 a former Air France Airbus A320 was leased. Mineral Resources has a 50% shareholding with the balance owned by Multiplex heir Tim Roberts.

References

  1. Mineral Resources Limited: Admission to Official List Australian Securities Exchange 26 July 2006
  2. Dickson, Alan (April 2019), "Mineral Resources Limited", Equity, 33 (4): 16–17, ISSN 1323-5303
  3. MinRes turns $50m Pilbara Minerals stake into $330m Australian Financial Review 5 September 2021
  4. MinRes pays $260m for mine in WA lithium heartland Australian Financial Review 22 November 2023
  5. MinRes acquires Bald Hill lithium mine Mineral Resources 23 November 2023
  6. Lithium mine to close in WA putting 300 jobs at risk Nine News 13 November 2024
  7. MinRes mothballs Bald Hill lithium mine Business News 13 November 2024
  8. Burton, Jesinta (19 June 2024). "'Prudent but difficult': Mineral Resources announces Yilgarn shutdown, 1000 jobs affected". WAtoday. Retrieved 22 June 2024.
  9. MinRes to supercharge iron ore export capacity Australian Mining 20 November 2020
  10. Pilbara Bulk Ore Transportation System : Mineral Resources Limited, Environmental Protection Authority of Western Australia, 2016, retrieved 14 September 2021
  11. 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
  12. New rail fleet hits the tracks at Carina iron ore mine Australian Mining 25 July 2014
  13. Mineral Resources buy their own Trains Railway Digest May 2014 page 30
  14. "Australias Mt Marion lithium mine beats guidance". Argus Media. 30 July 2021. Retrieved 15 September 2021.
  15. "Lithium". Mineral Resources. Retrieved 15 September 2021.
  16. "Mines statistics highlight reductions at Wodgina". Australianmining.com.au. 1 August 2018. Retrieved 15 September 2021.
  17. Qantas subsidiary staff flock to a new airline that could shake up FIFO networks Crikey 20 May 2024
  18. First MinRes Air flight takes to the skies MinRes 4 July 2024
  19. MinRes Air takes off Australian Mining 8 July 2024
  20. MinRes Air Aviation Week Network 15 July 2024
  21. MinRes Air propelled by Tim Roberts Australian Financial Review 1 September 2024
Mining companies of Australia
Active
Defunct
S&P/ASX 50 ←    S&P/ASX 200 companies of Australia   → S&P/ASX 300
Communication Services
Consumer
Discretionary
Consumer
Staples
Energy
Financials
Health Care
Industrials
Information
Technology
Materials
Real Estate
Utilities
Companies which are also in the S&P/ASX 50 are displayed in bold.
Categories: