Yilgarn Hub iron ore mine
Koolyanobbing is the core operation in the MRL Yilgarn Hub, acquired from Cliffs Natural Resources in 2018. MRL ramped up production to take advantage of favourable market pricing, targeting 11-12 Mtpa in 2021. This has since been scaled back with MRL announcing transition to a fines only product, and reduced production guidance of 8-8.5Mtpa for 2022. This removes high cost production from the MRL portfolio, and extends the life of mine while investigations are undertaken into potential magnetite operations at Koolyanobbing and adjacent tenements.