Mineral Resources to shut iron ore mines employing 1000 workers

Mineral Resources is shutting down its high-cost iron ore mines in the Yilgarn region of Western Australia in a move that will affect about 1000 workers.

The company, led by its billionaire founder Chris Ellison, said it would look to redeploy as many of the workers as possible in its other iron ore and lithium mines in WA and in its mining service business.