Mineral Resources Limited (AU:MIN) has released an update.
Mineral Resources Limited has announced the closure of its Yilgarn Hub iron ore operations by the end of 2024, citing financial non-viability due to limited mine life and high capital costs. The company plans a staged shutdown, while focusing on redeploying the affected 1,000 employees to nearly 800 existing vacancies, including opportunities at the Onslow Iron project. MinRes is committed to the transition to more sustainable, low-cost operations and will continue to explore future options for the Yilgarn Hub assets.
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