** Shares of Australia's Mineral Resources MIN.AX fall 12.6% to A$21.72, set for their weakest trading session since February 19, if losses hold
** The lithium miner says it has temporarily paused haulage from its Onslow Iron project in Western Australia following a road train accident earlier this week
** Delays in ramping up Onslow project and increased development costs have raised concerns about the company's operational efficiency and future profitability
** Says haulage is continuing through contractor vehicles using alternative routes, while the cause of the incident is under internal investigation, the miner said
** Stock down 31.2% YTD
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.