One of Australia's biggest companies is closing an iron ore hub in Western Australia, citing costs and mine lifetime.
It cited the limited life remaining in the five mine sites served by the hub and the money and time it would take to ramp up more nearby operations.Mineral Resources announced the closure of its Yilgarn hub in Western Australia on Wednesday, June 19, 2024.
The company said the roughly 1000 workers impacted would be prioritised for open positions and retraining.
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