Mineral Resources Limited
ASX: MIN
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

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

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

  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.
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