Mineral Resources shares jump on haul road restart
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More news: Mineral Resources was the best performing ASX 200 stock after the miner restarted haulage operations at its Onslow Iron haul road following a road train crash last week.
MinRes shares were up 6% to $24.12 at 3:50pm AEDT, having retreated more than 65% over the last 12 months.
Mineral Resources resumes iron haulage at Onslow
The news: Mining group Mineral Resources has resumed haulage after reopening its Onslow Iron haul road after a truck crash last week.
The numbers: The company said it resumed haulage operations on 21 March following constructive discussions with Worksafe WA regarding controls and risk mitigation.
The context: Operations at the Onslow Iron haul road had been temporarily paused after two trailers of a road train tipped onto their side early last week. The miner has been beset by repeated truck crashes on the road in recent months. Transhipper four, MinRes Rosily, also commenced operations at the Port of Ashburton on 22 March, increasing Onslow Iron’s transhipping capacity to 28 million tonnes per annum. MinRes said the previously announced works program to upgrade the haul road continues on schedule for completion in the September quarter.
The source: ASX
