In the year indicated, MinRes' total iron ore production increased by nine percent year-on-year to 280 million crude metric tons (WMT), driven by Onslow Iron's increased production, new wins and contract extensions, while its total iron ore sales totaled 20 million WMT, an increase of 10.5 percent over the previous year. the fiscal year.
The company said the Onslow Iron mine operated at an annual rate of 35 million tons for four weeks through the end of August, in line with guidance to reach nominal capacity in the first quarter of fiscal year 2025-26.
MinRes expects iron ore production in the next fiscal year to be in the range of 305-325 million tons, which is 12.5 percent more than in the previous year, from 17.1 to 18.8 million tons. iron ore, which is expected to be shipped.
