Asset Report
Solomon Hub iron ore mine
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Production at Solomon Hub increased modestly to 66.7 Mt in 2025, up 1.1% from 65.9 Mt in 2024, but remains well below the 75.4 Mt produced in 2023 as the operation transitions from the depleting Firetail deposit to Queens Valley. Output is forecast to decline sharply to 54.0 Mt in 2026 before stabilising at around 49 Mtpa from 2027 onwards. C1 costs improved to US$16.1/t in 2025, driven by lower diesel prices and a weaker Australian dollar, before declining further to US$15.9/t in 2026. However, costs are expected to rise 6.0% to US$16.9/t in 2027, driven by rising strip ratios, longer haul distances and the transition away from low-cost Firetail. Queens Valley is central to sustaining Kings Fines production through to 2064, whilst the Blacksmith acquisition (243 Mt at 59.3% Fe) adds strategic optionality.
Table of contents
- Summary
- Key issues
- Emissions
Tables and charts
This report includes the following images and tables:
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Solomon Hub Emission Intensity Quartile ranking – Total global production - Tonnes of oreDetailed mapParticipation
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Marketable reserves (at 01/01/2025)ProductionProductionOperationsInfrastructureCash costsCash CostsCapital costsEconomic assumptions
What's included
This report contains:
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