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QUARTERLY HIGHLIGHTS
Mineral
Resources Limited (ASX: MIN, MRL) entered into revised arrangements with
Albemarle Corporation (NYSE: ALB, Albemarle) on 1 August 2019 to increase
the interest in the Wodgina Lithium Project to be sold to Albemarle from
50% to 60%.
Iron
ore shipments totalled 3.5 million wet metric tonnes (wmt) in Q1 FY20, in
line with the previous quarter, and up 114% on the prior corresponding
period in FY19.
Mining
operations at Koolyanobbing continued at the targeted rate of 7.5Mtpa in
Q1 FY20. A fourth rail consist is now operating at full capacity, with
additional rail capacity to be brought on line in Q2 FY20 with plans to
further increase production to 11.0Mtpa by early Q3 FY20.
Spodumene
concentrate production from the Mt Marion Lithium Project in Q1 FY20 was
28% higher than the previous quarter.
Construction
of the Wodgina Lithium Project’s three-stage 750,000 dry tonne per annum
spodumene concentrate plant and associated non-process infrastructure is
over 99% complete. Train 1 has been commissioned and is producing
spodumene concentrate at design capacity specification at or above 6%
grade.
MRL
finalised the acquisition of the assets that comprise the Parker Range
Project from Cazaly Iron Pty Ltd. The acquisition of Parker Range expands
MRL’s iron ore presence in the Yilgarn region of Western Australia.
T1:
PRODUCTION SUMMARY
|
'000 wet metric tonnes
|
Q1 FY20
|
Q4 FY19
|
Q1 FY19
|
|
|
PRODUCED
|
SHIPPED
|
PRODUCED
|
SHIPPED
|
PRODUCED
|
SHIPPED
|
|
IRON ORE
|
|
|
|
|
|
|
|
Iron Valley
|
1,409
|
2,056
|
1,136
|
1,945
|
1,862
|
1,620
|
|
Koolyanobbing
|
1,679
|
1,413
|
1,398
|
1,346
|
92
|
-
|
|
TOTAL IRON ORE
|
3,088
|
3,468
|
2,534
|
3,291
|
1,954
|
1,620
|
Related Link: Official
Document
|
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837) |
