MinRes FY26 iron ore shipments surge 86% YoY in FY26

Australian miner Mineral Resources (MinRes) shipped approximately 44 million wet metric tonnes (wmt) of iron ore on a 100% basis over the past fiscal year 2026 (July 1, 2025-June 31, 2026), marking a surge of 86% on year, according to the company's latest quarterly report released on July 29.

The significant increase was largely driven by production at the company's Onslow Iron Ore project in Western Australia's Pilbara region, where FY26 shipments more than doubled from the 14 million wmt in FY25 to reach 34.1 million tonnes (100% basis). Attributable shipments from Onslow Iron were 19.7 million wmt, exceeding