Perth, March 5, 2026, 15:09 GMT+8
- The company reported output of 166 million tonnes from its Mining Services division for the first half of FY26.
- EBITDA hit $488 million, up 29% on the same period last year
- CSI operated 28 crushing plants, together capable of handling 167 million tonnes annually.
Mineral Resources Ltd reported a record 166 million tonnes mined by its services division in the first half of fiscal 2026, with $488 million in EBITDA — up 29% from a year earlier. The company credited both new work for external clients and the Onslow Iron project ramp-up for the boost. Subsidiary CSI Mining Services operated 28 crushing plants, with their combined installed capacity reaching 167 million tonnes per year.
The update is drawing attention largely because mining services remains one of the rare segments at the Perth-based group that brings in fees from outside clients, beyond just commodity sales. MinRes lists mining services as part of its broader business, which also includes iron ore, lithium, and energy.
Contractors are under pressure—miners want more done, with fewer hands, and deadlines aren’t moving. For MinRes, this ties directly to the bigger issue: just how consistent Onslow’s output will be and whether CSI has any bandwidth left to pick up jobs from other clients.
MinRes shares recently showed at $55.85, a 0.25% lift, according to the company’s investor page.
Mike Grey, chief executive of Mining Services, pointed to a half-year that he called “an exceptional result”, crediting the team’s push for “efficient solutions”. CSI, he said, is involved in building and operating mobile equipment and crushing and screening plants, working with miners in iron ore, lithium, and other sectors. MarketScreener
Thursday’s company profile has CSI manager Adam Wood describing the start of each day at Ken’s Bore as beginning with “a really good cup of coffee”. According to the company, ore mined at the Upper Cane deposit is trucked down a 16 km dedicated haul road to one of three crushers. Those facilities, with a combined installed capacity of 40.9 million tonnes a year, process the material before it’s shipped to transhippers at the Port of Ashburton. Mineral Resources
MinRes holds a lithium lineup featuring Wodgina, Mt Marion and Bald Hill in Western Australia, according to the company. Wodgina sits roughly 120 km south of Port Hedland, while Mt Marion is positioned about 40 km southwest of Kalgoorlie.
CSI’s contracting division goes up against Australia’s mining services players — Perenti Global, NRW Holdings, Macmahon — all vying for long-term production deals and crusher packages.
Output at contractors, though, can swing fast if clients hit pause on mine developments or trim back stripping and processing. A hiccup in Onslow’s upstream mining or logistics—or a long shutdown at major crushing plants—would probably knock both volumes and per-unit earnings.
MinRes has been pushing its services division to maintain project momentum, even as the company ramps up its iron ore supply chain and maintains lithium output. Now comes a key question: how much of this half’s activity can actually be repeated after Onslow and client sites hit a more stable pace?
