Mineral Resources Shares Rise After Onslow Iron Haul Road Reopens

Highlights:

• Mineral Resources Shares Surge – Mineral Resources Limited (ASX: MIN) saw a 4.88% increase in its stock price after reopening the Onslow Iron haul road following a temporary shutdown.
• Haulage Resumes After Safety Enhancements – Operations restarted after implementing additional safety measures and traffic controls, addressing concerns following a series of truck incidents.
• Expansion and Future Outlook – The company continues to expand its iron ore and lithium operations, reinforcing its position in Australia’s mining sector while focusing on infrastructure improvements.

Stock Jumps Following Haulage Resumption

Mineral Resources Limited (ASX: MIN) saw its share price climb 4.5% after the company confirmed the reopening of its Onslow Iron haul road. The haulage network had been temporarily shut down last week due to a sixth truck crash, prompting a review of safety measures.

Haulage Operations Resume After Temporary Shutdown

Mineral Resources announced that haulage operations at Onslow Iron resumed after discussions with WorkSafe WA. The company implemented additional safety controls and reinforced traffic management to prevent further incidents. The temporary closure was triggered by an accident involving a road train, but no injuries were reported.

Despite facing recent setbacks, the company remains dedicated to improving the infrastructure of the haul road. Ongoing upgrades, aimed at improving road durability against extreme weather and heavy loads, are expected to be completed in the first quarter of FY26.

Market Reacts to Positive Development

After the announcement, investor confidence increased, leading to a rise in the company’s stock price. At the time of writing, Mineral Resources Limited shares were trading at $23.87, reflecting a 4.88% gain.

Future Outlook for Mineral Resources

With haulage operations back on track, Mineral Resources aims to maintain its production targets while ensuring enhanced safety protocols. The company has been growing its iron ore and lithium operations, further strengthening its position in Australia's mining industry.

While challenges remain, particularly with logistics and infrastructure upgrades, the latest developments signal the company’s ability to navigate setbacks effectively. Investors are expected to closely monitor upcoming updates on safety measures and operational advancements in the months ahead.

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