Mineral Resources
| File:Mineral Resources Limited logo.png | |
| ASX: MIN | |
| Industry | Mining |
| Founded | July 2006 |
| Founder | Chris Ellison |
| Headquarters | |
Area served | Goldfields, Pilbara |
Key people | James McClements (Chairman) Chris Ellison (Managing Director) |
| Products | Iron ore, lithium |
| Services | Mining services |
| Revenue | $5.3 billion (2024) |
| $158 million (2024) | |
Number of employees | 8,500 (2024) |
| Website | www.mineralresources.com.au |
Mineral Resources Limited, commonly known as MinRes, is a Western Australian mining services company.
History
[edit | edit source]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]
In November 2023 the Bald Hill Lithium and Tantalum Mine was purchased.[4][5] In November 2024 the mine was closed and put into care and maintenance after a collapse in lithium prices.[6][7]
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.[8]
Operations
[edit | edit source]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.[9]
Mineral Resources is involved in bulk ore transportation in the Pilbara.[10][11] In 2014, Mineral Resources purchased six UGL Rail C44aci locomotives and 382 iron ore wagons with Pacific National taking over the operation of its services from Aurizon.[12][13] In November 2023 the services were taken over by Aurizon with the six locomoives sold to Southern Shorthaul Railroad.[14][15]
Minerals Resources operates two hard rock lithium mines in Western Australia; Mount Marion in the Goldfields,[16] and Wodgina in the Pilbara.[17][18]
MinRes Air
[edit | edit source]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.[19][20][21]
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.[22] Mineral Resources has a 50% shareholding with the balance owned by Multiplex heir Tim Roberts.[23]
References
[edit | edit source]- ^ Mineral Resources Limited: Admission to Official List Australian Securities Exchange 26 July 2006
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- ^ MinRes turns $50m Pilbara Minerals stake into $330m Australian Financial Review 5 September 2021
- ^ MinRes pays $260m for mine in WA lithium heartland Australian Financial Review 22 November 2023
- ^ MinRes acquires Bald Hill lithium mine Mineral Resources 23 November 2023
- ^ Lithium mine to close in WA putting 300 jobs at risk Nine News 13 November 2024
- ^ MinRes mothballs Bald Hill lithium mine Business News 13 November 2024
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- ^ MinRes to supercharge iron ore export capacity Australian Mining 20 November 2020
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- ^ 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
- ^ Aurizon Motive Power issue 151 January 2024 page 21
- ^ Mineral Resources Ltd locos on the move Catch Point issue 288 July 2025 page 13
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- ^ Qantas subsidiary staff flock to a new airline that could shake up FIFO networks Crikey 20 May 2024
- ^ First MinRes Air flight takes to the skies MinRes 4 July 2024
- ^ MinRes Air takes off Australian Mining 8 July 2024
- ^ MinRes Air Aviation Week Network 15 July 2024
- ^ MinRes Air propelled by Tim Roberts Australian Financial Review 1 September 2024
External links
[edit | edit source]Error creating thumbnail: File missing Media related to Lua error in Module:Commons_link at line 62: attempt to index field 'wikibase' (a nil value). at Wikimedia Commons
