What is the story about?
What's Happening?
Mineral Resources (MinRes) has completed upgrades to its Onslow Iron private haul road in Western Australia, allowing trucks to return to normal operating speeds. The 150-km road faced safety and design concerns due to issues with the spray seal and binder, compounded by high temperatures, water ingress, and heavy loads. MinRes invested A$230 million in a works program to strengthen the road, including seal binder upgrades, cement stabilization, and asphalting. Despite these challenges, Onslow Iron shipped a record 3.2 million tonnes of ore in August.
Why It's Important?
The completion of the Onslow haul road upgrades is crucial for MinRes as it ensures the safe and efficient transportation of iron ore, a key export commodity for Australia. The investment in road infrastructure reflects the company's commitment to maintaining operational safety and meeting production targets. This development is significant for the local economy, supporting job creation and economic activity in the region. The successful upgrades may also enhance MinRes's reputation as a reliable and responsible operator in the mining industry.
What's Next?
Minor off-road works are still being finalized and are expected to be completed next month. The resumption of unconstrained haulage marks a significant milestone for MinRes as it focuses on safely delivering the project's FY26 volume guidance. The company will continue to monitor road conditions and implement necessary maintenance to ensure long-term operational efficiency.
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