FINWIRES · TerminalLIVE
FINWIRES

Mineral Resources Posts Higher Fiscal Q3 Production; Lifts Fiscal 2026 Mining Services Output Volume Guidance

By

-- Mineral Resources' (ASX:MIN) fiscal third-quarter production volume reached 80 million wet metric tonnes (wmt), up from 62 million wmt a year earlier, according to a Thursday filing with the Australian bourse.

Total iron ore production for the three months ended March 31 across Onslow Iron and the Pilbara Hub was 10.3 million wmt, with shipments totaling 9.3 million wmt, the filing said.

Total attributable spodumene production for the quarter across Wodgina and Mt Marion operating sites reached 127,000 dry metric tonnes (dmt) of SC6, while sales totaled 115,000 dmt of SC6, per the filing.

The company upgraded its fiscal 2026 mining services production volume guidance to 320 million to 330 million tonnes, previously 305 million to 325 million tonnes, and raised its Onslow Iron volume guidance to 17.7 million to 19.4 million wmt, previously 17.1 million to 18.8 million wmt.

The company also increased its fiscal 2026 lithium volume guidance to 270,000 to 290,000 dmt of SC6 for Wodgina, up from 260,000 to 280,000 dmt previously, and to 210,000 to 230,000 dmt of SC6 for Mt Marion, up from 190,000 to 210,000 dmt previously.

Related Articles

Asia

Champion Iron Reports Higher Fiscal Q4 Iron Ore Concentrate Production

Champion Iron (ASX:CIA) reported fiscal fourth-quarter production of 3.4 million wet metric tonnes of iron ore concentrate, up 8% from about 3.2 million wet metric tonnes a year earlier, according to a Thursday filing with the Australian bourse.The company reported quarterly sales of about 3.5 million dry metric tonnes, almost unchanged from the year-ago period.Champion Iron said commissioning for its Direct Reduction Pellet Feed project in Canada progressed as planned, with initial production tests completed in March and the production of commercially sellable product expected by the end of June.

$ASX:CIA
Equities

BP Signs Offshore Gas Exploration Pact With Venezuela

BP (BP) has signed an agreement with Venezuela to explore offshore natural gas, as the country's energy sector gathers momentum following the US capture of Nicolas Maduro in January, Bloomberg reported on Wednesday.The memorandum of understanding between BP and Caracas outlines "potential areas for co-operation in material gas and future exploration," the company said.The agreement comes amid renewed interest from international energy companies in Venezuela, with an energy conference in Caracas drawing strong participation from global investors.For BP, the move aligns with Chief Executive Meg O'Neill's strategy to rebuild long-term reserves as the company pivots back toward oil and gas after scaling back several low-carbon efforts in recent years.

$BP
Equities

African Oil Producers Push To Keep Drilling At Fossil Fuel Phaseout Talks

Oil-rich African nations said they will continue drilling to support economic growth, despite global efforts to phase out fossil fuels, AFP reported from ongoing talks in Colombia.Officials from several producers argued that a rapid transition away from oil and gas is not feasible given their reliance on fossil fuel revenues."Not phasing out - phase down. That is the message," said Onuoha Magnus Chidi, an adviser to Nigeria's regional development minister, to AFP.Delegates warned that an abrupt shift could lead to job losses and economic disruption, calling for financial support and policy flexibility to help manage the transition, AFP said.