Mineral Resources Limited (MinRes), a leading Australian-based mining services and processing company, has published its operational results for the three months ending June 30 and the fiscal year 2022-23.
Accordingly, in the June quarter, total iron ore output amounted to 4.5 million mt, down by 10.7 percent quarter on quarter and by 11.2 percent year on year, while in the fiscal year 2022-23 its production totaled 19.9 million mt compared to 20.5 million mt recorded in the fiscal year 2021-22. The company also commissioned a new crushing plant and extended its transportation contract for two more years with an outside customer in the June quarter.
In the given quarter, total iron ore sales came to 4.3 million wet metric tons (wmt), down by 6.2 percent quarter on quarter and by 9.1 percent compared to the same quarter of the fiscal year 2021-22, while its sales in the fiscal year 2022-23 moved down by 8.9 percent year on year to 17.5 million wmt.