Mineral Resources Limited

Mineral Resources Limited
ASXMIN
IndustryMining
FoundedJuly 1992
FounderChris Ellison
Headquarters
Perth,Western Australia
Area served
Goldfields, Pilbara
Key people
James McClements (Non-Executive Chairman)
Chris Ellison (Managing Director)
ProductsIron ore, lithium, mining services
Revenue$3.7 billion (2021)
$1.9 billion (2021)
Websitewww.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]

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.[5]

Mineral Resources is involved in bulk ore transportation in the Pilbara.[6][7] In 2014, Mineral Resources purchased six UGL Rail C44aci locomotives and 382 iron ore wagons taking over the operation of its services from Aurizon.[8][9]

Minerals Resources operates two hard rock lithium mines in Western Australia; Mount Marion in the Goldfields,[10] and Wodgina in the Pilbara.[11][12]

References[edit]

  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 to join ASX 50". MiningNews.Net. 6 June 2022. Retrieved 19 February 2023.
  5. ^ MinRes to supercharge iron ore export capacity Australian Mining 20 November 2020
  6. ^ Western Australia. Environmental Protection Authority (2016), Pilbara Bulk Ore Transportation System : Mineral Resources Limited, Environmental Protection Authority, retrieved 14 September 2021
  7. ^ 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
  8. ^ New rail fleet hits the tracks at Carina iron ore mine Australian Mining 25 July 2014
  9. ^ Mineral Resources buy their own Trains Railway Digest May 2014 page 30
  10. ^ "Australias Mt Marion lithium mine beats guidance". Argus Media. 30 July 2021. Retrieved 15 September 2021.
  11. ^ "Lithium". Mineral Resources. Retrieved 15 September 2021.
  12. ^ "Mines statistics highlight reductions at Wodgina". Australianmining.com.au. 1 August 2018. Retrieved 15 September 2021.