Shares of Mineral Resources Fall on Western Australia Lithium Mine Restart Plans

MT Newswires Live
05/19

Shares of Mineral Resources (ASX: MIN) edged down in recent Tuesday trade after the company said in a late Monday Australian bourse filing that it would restart operations at its Bald Hill lithium mine in Western Australia, citing a sustained recovery in lithium prices and improved market conditions.

The mine, which was previously placed on care and maintenance in November 2024, will now resume operations, with mining and crushing expected to begin in June and first spodumene concentrate production targeted for July, per the filing.

The restart will be managed by the company's mining services division through its integrated operating model and is projected to generate around 370 jobs, the filing said.

The company plans to begin initial shipments in the first quarter of fiscal 2027 and achieve a full production ramp-up by the second quarter of fiscal 2027, while incurring around AU$20 million in restart costs during fiscal 2026, the filing added.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10