MinRes is the fifth-largest iron ore producer in Australia, operating three iron ore hubs across Western Australia in the Yilgarn, Pilbara and Ashburton regions.
Significant work is underway to set up the business for growth, as we transition from short-life, high-cost mines to lower-cost, long-life operations. This will be achieved through the development of the Onslow Iron project that will unlock stranded iron ore deposits in the west Pilbara.
The transformational Onslow Iron project is one of the largest iron ore projects currently under development in Australia. Located in the west Pilbara region, it will unlock billions of tonnes of stranded iron ore deposits. The project is forecast to ship around 35 million tonnes of iron ore per year, with an expected mine life of 30 plus years.
The Yilgarn Hub is located in Western Australia’s Goldfields region and incorporates the Koolyanobbing, Parker Range and Carina mines. Product is transported via road and exported through the Port of Esperance.
MinRes’ iron ore growth strategy includes the transformation of the Yilgarn Hub from a hematite to magnetite operation, which will extend the life of the operation.
The Pilbara Hub includes Wonmunna and Iron Valley mines, with product from both sites transported by road to Port Hedland for export through Utah Point.
The next phase of development for the Pilbara Hub is the South West Creek project – a pit-to-port iron ore infrastructure solution that could see us shipping an additional 20 million tonnes of iron ore per annum from the Port of Port Hedland.
In 2021, MinRes entered into a Port and Rail agreement with Hancock Prospecting (Hancock) and Roy Hill to jointly investigate and develop a new iron ore export facility at Port of Port Hedland’s Stanley Point Berth 3. Roy Hill would provide services to both MinRes and Hancock for the development and operation of the project, including rail haulage and port services. The project remains subject to further approvals and agreements, and a positive final investment decision by MinRes and Hancock.