Mineral Resources (MinRes) has today released its 2024 Annual Reporting Suite, highlighting the company’s achievements and performance over the past financial year.
The 2024 Annual Report acknowledges one of the best development years in MinRes’ history, headlined by the launch of Onslow Iron in the Pilbara region which delivered first ore on ship in May 2024.
This year’s report also recognises the next generation of MinRes’ workforce – apprentices and trainees – with a portrait collection shining a light on the new skills and fresh thinking that will support MinRes’ continued growth.
The 2024 Sustainability Report continues this theme while outlining MinRes' commitment to operating responsibly, building a safe and diverse workforce and prioritising its sustainability performance.
MinRes Managing Director Chris Ellison said despite challenging external environments, the company’s achievements over the past financial year were to be commended.
“The past 12 months have demonstrated the essence of our MinRes culture – innovative thinking, a can-do mindset, grasping opportunity where others can’t and focusing on the value in our people,” Ellison said.
“Whether it’s industry-leading mining services, world-class commodities projects or workplaces that set new industry standards, MinRes remains well placed to continue delivering long term returns for our shareholders, people and the communities where we operate.”
The launch of MinRes’ 2024 Annual Reporting Suite coincides with the publication of the company’s 2024 Social Investment Report, outlining financial and in-kind contributions to organisations and communities across Western Australia.
Annual Reporting Suite highlights
- Delivered first ore on ship for Onslow Iron ahead of schedule, just 21 months after final investment decision.
- Record production from Mt Marion and Wodgina lithium mines and completed acquisition of the Bald Hill lithium mine in the Goldfields.
- Record Mining Services earnings complemented by a growing client book, with six new contracts and three contract renewals.
- Further success within the Energy business, including appraisal wells at Lockyer-3 and Lockyer-5 indicating significant volumes of high quality, clean gas.
- Strengthening of the MinRes Board with appointments of Denise McComish and Jacqueline McGill AO as Independent Non-Executive Directors.
- Expanded the structure of the Board and Committees, including the introduction of a new Technical Committee to enhance oversight of mining asset development.
- Expanded in-house mental health support service with the introduction of the Mind Matters team – seven highly qualified mental health clinicians based across sites and offices.
- More than $68 million spent with Indigenous Australian businesses, representing an increase of more than 180% compared to FY23.
- Increased female representation on the MinRes Board to 56% and increased female participation at manager levels and above to 18%.
- More than $8 million contributed and 125 community organisations supported through MinRes' social investment program.
- Release of MinRes' inaugural Biodiversity Strategy, outlining the company's commitment to integrate biodiversity management.
View the full 2024 Annual Reporting Suite in the MinRes Investor Centre.
The 2024 Modern Slavery Statement is currently being reviewed by the Australian Government and has not been officially published on the Modern Slavery Register.
