Mineral Resources (MinRes) has released its September quarterly report, with iron ore coming out on top.
Iron ore was the highlight from the report with quarterly iron ore production increasing by eight per cent quarter on quarter to 4.8 million wet metric tonnes (wmt).
The Onslow iron project also received all major approvals, paving the way for first ore-on-ship delivery to occur in June 2024.
Clearing and earth works advanced at the Ken’s Bore mine site in the project, with first blast taking place in July and pit development works being addressed by the site’s load and haul fleet.
“Mining and production in the Pilbara was strong, up 29 per cent and 16 per cent respectively, driven by the successful transition of mining operations from the central to north east pit at Wonmunna and higher contribution from Iron Valley’s central pit,” MinRes said in its announcement.
“Shipments of 2.2 million wmt was in line with prior quarter, though lower than production due to temporary port constraints. Inventories are expected to be drawn down over coming months.”
In its lithium business, MinRes saw ore mined increase by 31 per cent and produced tonnes increase by seven per cent.
Other highlights included the North Erregulla Deep-1 gas discovery production test producing outstanding results and MinRes successfully completing a five year $US1.1 billion senior unsecured notes offering at 9.250 per cent.
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