Australia-based mining services and processing company Mineral Resources Limited has announced that it will cease Yilgarn Hub iron ore shipments by December 31, 2024. The decision is made due to the assessment that confirmed continuity of the Yilgarn operations is not financially viable beyond the end of 2024.
This outcome has been influenced by several factors, including the limited remaining mine life across five operating mines in the Yilgarn and the significant capital cost required to develop new resources to ensure continuity of supply. Yilgarn Hub operations will safely ramp down in a staged approach over the next six months, with up to four million wet mt expected to be shipped by the end of the calendar year.
