Mineral Resources see first iron ore train depart Koolyanobbing

Company News

by Rachael Jones

Mining services company Mineral Resources (ASX:MIN) is pleased to announce the departure of its first train loaded with iron ore from the newly acquired Koolyanobbing Operation in Western Australia’s Yilgarn region.

The train, made up of MRL-owned and operated locomotives and rolling stock, is on its way to Esperance to begin the process of stockpiling ore at the port ahead of MRL’s first iron ore shipment out of the port.

This is expected within the next four weeks.

The successful and safe loading of this first train marks an important milestone for MRL, less than three months since the Company acquired the project.

The WA Government and its key departments including the Southern Port Authority collaborated with MRL to modify the rail car dumper at Esperance to be capable of unloading MRL’s fleet of bottom-dump rail wagons.

MRL has also received strong support from Arc Infrastructure, the owner of the train track network that connects Koolyanobbing to Esperance.

Shares in Mineral Resources (ASX:MIN) closed 0.9 per cent lower to $15.35 yesterday.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.