
Mineral Resources announces Yilgarn Hub shutdown
Mineral Resources (MinRes) (ASX: MIN) will cease Yilgarn Hub iron ore shipments by the end of the year following a viability assessment that confirmed the site is not financially viable beyond 2024. MinRes cites limited remaining mine life across five operating mines and significant capital cost and lead time required to ensure continuity of supply as driving factors in the decision. Yilgarn Hub operations will safely ramp down over the next six months, with up to 4mwmt expected to ship by the end of 2024. Mining operations will then transition into care and maintenance from early 2025. About 1,000 employees will be impacted by the shutdown. The MinRes Yilgarn Hub team will be prioritised for open positions and retraining. MinRes…









