- Write by:
-
Friday, November 20, 2020 - 1:40:40 PM
-
671 Visit
-
Print
Mining News Pro - Mineral Resources (MinRes) has charted a plan to significantly grow an iron ore business that is underpinned by exports.
MinRes managing director Chris Ellison, speaking in the company’s annual general meeting on Thursday, said that the company’s iron ore business was set up for a substantial growth over the next three to five years.
This growth will be driven by MinRes’ four Western Australian projects, where it plans to expand its pit-to-port services and infrastructure offerings.
The company intends to export 13 million tonnes from its Yilgarn Hub at the Port of Esperance and 14 million tonnes from its Utah Point Strategy at the Port of Hedland.
It also plans to to develop its Ashburton infrastructure project to reach a 25 million tonnes a year of export capacity, only to be surpassed by its Southwest Creek development with 40 million tonnes.
Exports will be driven by MinRes’ Koolyanobbing, Iron Valley and Kumina iron ore projects in Western Australia, which all contributed to the company’s best-ever full year result during the 2020 fiscal year.
MinRes delivered increased production at both its Koolyanobbing and Iron Valley mines, totalling in the exports of 14.1 million tonnes.
In the lithium portfolio, MinRes experienced a 17 per cent year-on-year growth in production at its Mt Marion operations in Western Australia.
The company increased its workforce by nearly 40 per cent to more than 3800 employees and contractors during the period.
Short Link:
https://www.miningnews.ir/En/News/608441
A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP ...
BHP Group Ltd.’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely ...
Iron ore will average more than $100 a ton this year as the worldwide market remains tight, despite China’s property ...
Iron ore futures prices fell on Monday after weak industrial data in top consumer China and the completion of of ...
Brazil’s Corumba region could more than double iron ore shipments through neighboring Uruguay this year if there is ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its ...
Iron ore futures were poised for a third straight weekly rise as prices largely consolidated gains on Friday, with ...
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
No comments have been posted yet ...