Contract dispute hits MinRes’ $1b haul road sale

A contractual dispute has hit Mineral Resources’ $3 billion Onslow iron ore project after the builder of a 147-kilometre haul road walked off the job at a time when Mineral Resources is trying to sell a stake in the road for up to $1 billion.

Mineral Resources told The Australian Financial Review it had taken over some of the haul road construction work contracted to Q.H & M Birt since the earthmoving company stopped work last week over unresolved tensions.