Shares of Mineral Resources Fall on Western Australia Lithium Mine Restart Plans

MT Newswires Live05-19

Shares of Mineral Resources (ASX: MIN) edged down in recent Tuesday trade after the company said in a late Monday Australian bourse filing that it would restart operations at its Bald Hill lithium mine in Western Australia, citing a sustained recovery in lithium prices and improved market conditions.

The mine, which was previously placed on care and maintenance in November 2024, will now resume operations, with mining and crushing expected to begin in June and first spodumene concentrate production targeted for July, per the filing.

The restart will be managed by the company's mining services division through its integrated operating model and is projected to generate around 370 jobs, the filing said.

The company plans to begin initial shipments in the first quarter of fiscal 2027 and achieve a full production ramp-up by the second quarter of fiscal 2027, while incurring around AU$20 million in restart costs during fiscal 2026, the filing added.

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