• Source: Mineral Resources

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

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