Australia’s Mineral Resources sees higher iron ore output in FY 2023-24
Time:Thu, 01 Aug 2024 21:33:41 +0800
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Mineral Resources Limited (MinRes), a leading Australian-based mining services and processing company, has published its operational results for the fourth quarter ending June 30 and the full fiscal year 2023-24. Accordingly, in the given quarter, total iron ore output amounted to 61 million wet metric tons (wmt), down by 11.6 percent quarter on quarter and up by 5.2 percent year on year, while its total iron ore sales came to 4.8 million wmt, up by 6.1 percent quarter on quarter and 11.8 percent year on year In the fiscal year 2023-24, MinRes’ total iron ore output rose by nine percent year on year to 269 million wmt, which is within its guidance of 260-280 million wmt, while its total iron ore sales came to 18.08 million wmt, rising by 3.4 percent compared to the previous fiscal year. Also, the company stated that its Onslow Iron project had made its first shipment in May this year, ahead of its schedule.
