Shares in Mineral Resources Ltd (ASX:MIN) fell over 2% to $23.21 after the company downgraded its 2024–25 iron ore shipment guidance to 7.8–8 million tonnes, down from 8.5–8.7 million tonnes.
The cut follows issues with its 150-kilometre haul road at Onslow Iron, which requires A$230 million in repairs.
MinRes posted an A$807 million first-half loss in March.