Mineral Resources Limited (MRL)
Mineral Resources Limited (MRL)
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Increased mining activity and improved plant performance have lifted Dec qtr (Q2FY23) production at Mineral Resources’ 50%-owned Mt Marion lithium project in Western Australia’s Goldfields region to 121,000dmt spodumene concentrate, after it dipped to 108,000t in the previous period.
MinRes, which manages the 50-50 JV with Jiangxi Ganfeng Lithium, posted total shipments of 116,000t (Q1: 110,000t).
The West Australian mining sector’s widely publicised labour shortages and equipment supply issues have slowed aggressive miner/mining services company Mineral Resources’ expansion of the Mt Marion lithium operations in the WA Goldfields.
MinRes, which owns 50% of the project with leading lithium hydroxide producer Jiangxi Ganfeng Lithium, says delayed processing equipment and workforce issues have pushed back the doubling of Mt Marion’s production capacity to 900,000tpa.
West Australian miner and mining services company Mineral Resources posted a fall in Sept qtr (Q1FY23) spodumene concentrate output at its Mt Marion lithium project due to the mining of lower-grade transitional ore and plant shutdowns related to its major plant expansion project.
MinRes says the WA Goldfields project shipped 56,000t spodumene concentrate for the 3 months, down from 141,000t in the previous period.
Australia mining and services company Mineral Resources is continuing to evaluate “strategic options” for its rapidly growing lithium hard rock operations in the Pilbara and Goldfields regions of WA.
Keeping Australia’s fly in, fly out miners entertained and engaged in their remote worksites is big business, with WA miner Mineral Resources signing a new $A3.4M, 3-year contract with network infrastructure and communications company Swift Networks.
The company's flagship Swift Access service will be installed in more than 2,000 accommodation rooms and common areas across MinRes's nine mine sites.
Mining and mining services company Mineral Resources could ship first ore as early as the end of 2023 after reaching a final investment decision with JV partner API Management on the Red Hill iron project in WA.
West Australian miner and mining services company Mineral Resources is targeting first ore shipments as early as Dec 2023 after reaching a final investment decision on the $3B development of the Red Hill iron JV project in the West Pilbara region.
The project 150km E of Onslow is forecast to produce an initial 35Mtpa at operating costs of $32.23/t FOB from mineral resources of 820Mt and reserves of 537Mt.
West Australian mining companies are moving on to the next stage of a program to tackle sexual assaults and harassment on the state’s remote mines after alarming reports of attacks, bullying and intimidation on mixed gender sites triggered a state parliamentary inquiry.
Under the Resourceful Mind program developed by the Chamber of Minerals and Energy in partnership with mental health support services Lifeline WA, hundreds of “minders” are being trained to provide a first point of contact on workplaces.
(GOVERNANCE)
West Australian miners back peer support program to tackle revelations of sexual assaults and harassment, bullying and intimidation on the state’s remote minesites.
West Australian miner and services company MinRes has strengthened its lithium portfolio with a legally binding term sheet to earn majority interests in explorer Marquee Resources’ West Spargoville project 100km S of Kalgoorlie.
MinRes will spend $A1.5M on exploration to completion of a feasibility study and tenement acquisition, then have rights to acquire take either 70% of a processing farm-in by funding activities to a final investment decision or 51% of a mining farm-in by completing mine development.