 | |
| 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.
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 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. [4]
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]
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. [13] [14] [15]
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. [16] Mineral Resources has a 50% shareholding with the balance owned by Multiplex heir Tim Roberts. [17]
Pilbara Iron is a wholly owned subsidiary of the multinational Rio Tinto Group, that manages assets for Hamersley Iron Pty Ltd, a wholly owned subsidiary of Rio Tinto, and Robe River Iron Associates, an unincorporated joint venture between Rio and three Japanese steel companies Mitsui Iron Ore Development P/L (33%), Nippon Steel Australia P/L (10.5%) and Sumitomo Metal Australia P/L (3.5%).
Rio Tinto Group is a British-Australian multinational company that is the world's second largest metals and mining corporation. It was founded in 1873 when a group of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions. Although primarily focused on extraction of minerals, it also has significant operations in refining, particularly the refining of bauxite and iron ore. It has joint head offices in London, England and Melbourne, Australia.
Koolyanobbing is located 54 km (34 mi) north-northeast of the town of Southern Cross, Western Australia. Iron ore has been mined here since 1948 by a series of companies, with a break between 1983 and 1993. The ore is currently railed to the port at Esperance for export. The current owner and operator of the lease is Mineral Resources.
Mining in Western Australia, together with the petroleum industry in the state, accounted for 94% of the State's and 46% of Australia's income from total merchandise exports in 2019–20. The state of Western Australia hosted 123 predominantly higher-value and export-oriented mining projects and hundreds of smaller quarries and mines. The principal projects produced more than 99 per cent of the industry's total sales value.
Network Aviation is an airline based at Perth Airport, operating regular scheduled and air charter services in support of "fly-in fly-out" mining operations throughout Western Australia. Since 2015 Network Aviation has primarily flown under the QantasLink brand. In partnership with subsidiary engineering provider Network Turbine Solutions, Network Aviation operates over 50 flights a week on behalf of mining companies to facilitate crew changes at remote sites.
Fortescue is a global metal mining company headquartered in Australia. Fortescue focused on iron ore mining under the name of Fortescue Metals Group (FMG) until July 2023. As of 2017, Fortescue is the fourth-largest iron ore producer in the world. The company has holdings of more than 87,000 km2 in the Pilbara region of Western Australia, making it the largest tenement holder in the state, larger than both BHP and Rio Tinto.
Atlas Iron is an Australian mining company and an iron ore explorer, developer and producer, predominantly active in the Pilbara region and is owned by Redstone Resources, a fully owned subsidiary of Hancock Prospecting. The company operates three iron ore mines in Western Australia. In 2018 Atlas will expand its operation to start processing Lithium in a deal with Pilbara Minerals.
The West Angelas mine is an iron ore mine located in the Pilbara region of Western Australia, 110 kilometres North West of Newman.
The Christmas Creek mine is an iron ore mine located in the Pilbara region of Western Australia, 61 km south-south-west of Nullagine, in the Chichester Range.
Iron ore mining in Western Australia, in the 2018–19 financial year, accounted for 54 percent of the total value of the state's resource production, with a value of A$78.2 billion. The overall value of the minerals and petroleum industry in Western Australia was A$145 billion in 2018–19, a 26 percent increase on the previous financial year.
The Pardoo mine was an iron ore mine located in the Pilbara region of Western Australia, 75 kilometres east of Port Hedland.
The Wodgina mine is an exhausted iron ore mine located in the Pilbara region of Western Australia, 90 kilometres south of Port Hedland.
Spinifex Ridgem mine is an inactive iron ore mine in the Pilbara region of Australia, northeast of Marble Bar.
Fatality statistics in the Western Australian mining industry captures the number of people killed in the industry in the Australian state of Western Australia. During the period 2000-2012 (inclusive), a total of 52 fatalities occurred. In 2006, the Chamber of Minerals and Energy of Western Australia commissioned a taxonomic study to analyse the 306 mining fatalities which occurred between 1970 and 2006. The Department of Mines and Petroleum, later renamed the Department of Mines, Industry Regulation and Safety, the governing authority for the industry in the state, has published statistics for fatalities in mining dating back to 1943 and intends to publish statistics dating back to 1886, though early records are not expected to be exhaustive.
The Roy Hill mine is an iron ore mine in the Chichester Range in the Pilbara region of Western Australia, located 115 kilometres (71 mi) north of Newman and 277 kilometres (172 mi) south of Port Hedland. With indicated and inferred reserves of more than 2.4 billion tonnes, it is expected to become one of the largest mining projects in Australia. Mining operations will produce 55 million tonnes of iron ore per annum with an operating life of more than 20 years.
The Iron Valley mine is a small iron ore mine located in the Pilbara region of Western Australia, 75 kilometres (47 mi) northwest of Newman, 270 kilometres (170 mi) south of Port Hedland, and 10 kilometres (6 mi) east of the Yandicoogina mine.
Pilbara Minerals is an Australian lithium and tantalite mining company.
Australia has one of the biggest lithium reserves and is the biggest producer of lithium by weight, with most of its production coming from mines in Western Australia. Most Australian lithium is produced from hard-rock spodumene, in contrast to other major producers like Argentina, Chile and China, which produce it mainly from salt lakes.
The Mt Webber mine is an iron ore mine operated by Atlas Iron and located in the Pilbara region of Western Australia, 230 kilometres (140 mi) from Port Hedland, to where the ore is transported. Mt Webber, opened in 2014, is the company's primary operation.
The Kings Valley mine is an iron ore mine operated by the Fortescue Metals Group (FMG) and located in the Pilbara region of Western Australia, 60 km (37 mi) north of Tom Price. The mine, along with Firetail mine, is part of the company's Solomon Hub, one of three FMG's mining areas, the others being the Chichester Hub and the Western Hub.
