Loading AI tools
Mineral Resources Limited, commonly known as MinRes, is a Western Australian mining services company.
 | |
| 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 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]
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 taking over the operation of its services from Aurizon.[12][13]
Minerals Resources operates two hard rock lithium mines in Western Australia; Mount Marion in the Goldfields,[14] and Wodgina in the Pilbara.[15][16]
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.[17][18][19]
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.[20] Mineral Resources has a 50% shareholding with the balance owned by Multiplex heir Tim Roberts.[21]
Wikiwand in your browser!
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.
