The haul road is a crucial part of a $3 billion project to build a new mining province in the Pilbara’s west that has been unviable because of the cost of building rail infrastructure given its isolation. Other Pilbara producers – Rio Tinto, BHP and Fortescue – use rail to connect mines to port.
But the construction of the Onslow project has saddled MinRes with big debts. To service the $5.8 billion it owes, the company needs regular cash from taking the iron ore along the road to port and to customers.
The road’s construction was brought in-house after contractor QH & M Birt walked off the job over concerns about the quality of materials used, while bad weather and poor construction have slowed the amount of iron ore that can flow along the route. This week’s investor trip is aiming to restore faith that work is back on track
The haul road is a crucial part of a $3 billion project to build...
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Last
$23.45 |
Change
-0.450(1.88%) |
Mkt cap ! $4.608B | |||
| Open | High | Low | Value | Volume |
| $23.52 | $24.29 | $22.95 | $57.22M | 2.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5342 | $23.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.52 | 1725 | 2 |
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| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| MIN (ASX) Chart |