Unease over cash flows at highly indebted Mineral Resources has increased after work safety authorities closed the miner’s Onslow iron ore haul route following a sixth crash on the ill-fated road network.
Closure of the crash-plagued road could affect the diversified miner’s already diminished iron ore shipments and squeeze income at a company tottering under the weight of $5.8 billion of gross debt.
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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
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
