MinRes lifts the hood on Onslow Iron: the numbers behind Mineral Resources’ Ken’s Bore push
Mineral Resources Limited said late Thursday that three crushers are now running at its Ken’s Bore site on the Onslow Iron project, giving the operation a total installed capacity of 40.9 million tonnes per year. The miner, which is relying more heavily on iron ore for cash flow, outlined the details in a post on its website. Onslow Iron is now the key thread in MinRes’ earnings narrative, with unstable lithium markets forcing investors to scrutinize execution, cost controls and shipping. Last month, MinRes disclosed net debt of A$4.9 billion, while liquidity climbed to A$1.4 billion, following what the company described as its strongest first-half on record.