Mineral Resources’ 330-tonne road trains are being forced to drive at a third of the usual speed between the company’s flagship Pilbara iron ore mine and a port 147 kilometres to the west, jeopardising repeatedly lowered shipping targets set by the Chris Ellison-led business as it seeks to reassure investors.
Footage of the crucial link between Ken’s Bore and the port at Onslow shows trucks travelling down a wet, single lane road with construction on either side. MinRes earlier this year admitted that there were problems with the months-old road, half owned by Morgan Stanley Infrastructure Partners, and said it would spend $230 million repairing and upgrading it.
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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
