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Mineral Resources posts record FY2026 production and cash surge
Australian miner Mineral Resources Ltd (MinRes) reported record output across its iron ore and lithium divisions for the 2025‑26 financial year. The flagship Onslow Iron operation in Western Australia produced 8.8 million wet metric tonnes and shipped a quarterly record 9.6 million tonnes in the June quarter, with freight costs of US$52 per wet tonne, below the US$54‑59 guidance range.
MinRes’ mining services division delivered 341 million tonnes in FY26, a 22 % rise over the prior year and above its upgraded target of 320‑330 Mt. Lithium sales reached a quarterly record 158,000 dry metric tonnes at an average price of US$2,425 per tonne, up 15 % quarter‑on‑quarter. The company completed a US$1.3 billion senior unsecured notes offering, increased liquidity to US$2.4 billion, cut net debt to about US$4.3 billion and added US$1.2 billion in cash, leaving US$1.6 billion in the bank by 30 June. Darren Killeen was appointed chief operating officer in early May.
Entities
Chris Ellison · Darren Killeen · Mineral Resources Ltd · Onslow Iron · Wodgina
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Darren Killeen was appointed chief operating officer of Mineral Resources in early May. www.australianmining.com.au
- [● 3 SOURCES] Mineral Resources achieved record production for its iron ore and lithium businesses in FY2025‑26. australianminingreview.com.au · www.australianmining.com.au · thenightly.com.au
- [○ 1 SOURCE] Mining services division produced 341 million tonnes in FY26, a 22 % increase over the previous year. www.australianmining.com.au
- [○ 1 SOURCE] The company raised US$1.3 billion in senior unsecured notes to refinance debt and repay its iron ore prepayment facility. www.australianmining.com.au
- [○ 1 SOURCE] Onslow Iron produced 8.8 million wet metric tonnes and shipped 9.6 million wet metric tonnes in the June quarter. www.australianmining.com.au
- [○ 1 SOURCE] Liquidity increased to US$2.4 billion and net debt fell to about US$4.3 billion, with cash holdings of US$1.6 billion by 30 June. thenightly.com.au
- [○ 1 SOURCE] Onslow Iron freight costs were US$52 per wet metric tonne, below the US$54‑59 guidance range. www.australianmining.com.au
- [● 2 SOURCES] Lithium sales reached 158,000 dry metric tonnes at an average price of US$2,425 per tonne, up 15 % quarter‑on‑quarter. www.australianmining.com.au · thenightly.com.au