Perth, March 5, 2026, 15:09 GMT+8
- Mining Services division produced 166 million tonnes in the first half of FY26, company said
- EBITDA rose 29% from the prior corresponding period to $488 million
- CSI ran 28 crushing plants with installed capacity of 167 million tonnes a year
Mineral Resources Ltd said its mining services division produced a record 166 million tonnes in the first half of fiscal 2026 and generated $488 million of EBITDA — earnings before interest, tax, depreciation and amortisation, a common measure of operating profit — up 29% on the prior corresponding period. The company said external client contracts and the ramp-up of its Onslow Iron project helped drive the result, while subsidiary CSI Mining Services ran 28 crushing plants with installed capacity of 167 million tonnes a year. 1
The update matters now because mining services is one of the few lines in the Perth-based group that earns fees from third parties, not just commodity sales. MinRes says it runs a mining services business alongside iron ore, lithium and energy operations. 2
Contractors have been pushed to do more work with tighter crews as miners focus on cost and delivery dates. For MinRes, the number also feeds into the bigger question: how steady Onslow can be, and how much spare capacity CSI can sell to other operators.
MinRes shares were last indicated at $55.85, up 0.25%, on the company’s investor site. 3
Mining Services chief executive Mike Grey said the business stayed focused on “efficient solutions” and that the half-year “delivered an exceptional result”. He said CSI builds and runs crushing and screening plants and mobile equipment for miners across commodities including iron ore and lithium. 4
In a separate company profile published on Thursday, CSI manager Adam Wood said each day at Ken’s Bore starts with “a really good cup of coffee”. The company said ore from the Upper Cane deposit travels 16 km along a dedicated haul road to one of three crushers, with the facilities providing installed capacity of 40.9 million tonnes per annum, before the product heads to transhippers at the Port of Ashburton. 5
MinRes’ lithium portfolio includes the Wodgina, Mt Marion and Bald Hill operations in Western Australia, the company says. It lists Wodgina about 120 km south of Port Hedland, and Mt Marion about 40 km southwest of Kalgoorlie. 6
CSI’s contractor arm competes for work with Australian mining services groups such as Perenti Global, NRW Holdings and Macmahon, which also chase long-run production contracts and crusher packages.
But output at contractors can turn quickly if clients defer mine builds or cut stripping and processing rates. Any slowdown in Onslow’s upstream mining or logistics, or extended downtime at key crushing plants, would likely hit volumes and unit earnings.
MinRes has leaned hard on its services arm to keep projects moving while it grows its iron ore supply chain and keeps its lithium operations running. The next test will be how much of this half’s work proves repeatable once Onslow and client sites settle into a steadier rhythm.
