Grange Resources
Grange Resources Limited (ASX: GRR) is an Australian integrated iron ore miner producing magnetite concentrate and pellets at Savage River and Port Latta in Tasmania for export to Asian steel manufacturers, with Shagang Group as major shareholder and the Southdown magnetite development project in Western Australia advancing toward FID.
- Company typePublic
- Founded1965
- HeadquartersBurnie, Australia
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Grange Resources does
Grange Resources Limited (ASX: GRR) is an Australian integrated iron ore mining and pellet producer headquartered in Burnie, Tasmania. The company owns and operates the Savage River magnetite mine (100km southwest of Burnie) and the wholly owned Port Latta pellet plant and export facility (70km northwest of Burnie), producing over 2.5 million tonnes of premium iron ore pellets and magnetite concentrate annually for steel manufacturers, primarily in Asia and China. Its core technical capability is high-purity magnetite processing — crushing, grinding, screening and magnetic separation — yielding concentrate with high iron content and minimal impurities that supports lower-emissions steelmaking versus hematite alternatives.
The company additionally holds 100% of the Southdown Magnetite Project in Western Australia's Great Southern region, an advanced development asset containing over 1.2 billion tonnes of mineral resources and 412 million tonnes of ore reserves, with a feasibility study released in April 2025 and a planned 110km slurry pipeline to the Port of Albany. Grange Resources' revenue model is straightforward B2B commodity sales of pellets and concentrate through its own port facilities; pricing is benchmark-linked and no published tiering exists. The company has 662 FTE employees as of 31 December 2025, was founded in 1965, and has produced iron ore pellets continuously for over 55 years.
The shareholder base is materially influenced by Jiangsu Shagang Group, China's largest private steel company, which holds a significant stake through Shagang Investment Holding and has multiple board representatives. Shagang also functions as an anchor customer, concentrating both equity and offtake risk on a single counterparty relationship. The board has been reshaped over 2023-2024, with a Shagang-aligned CEO (Weidong Wang) appointed in mid-2024 and independent technical directors retained to oversee development of the Southdown project and continued operation of Savage River.
Grange Resources firmographics
Firmographics- Name
- Grange Resources
- Legal name
- Grange Resources Limited
- Website
- https://grangeresources.com.au
- Company type
- Public
- Founded year
- 1965
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Grange Resources Limited (ASX: GRR) is an Australian integrated iron ore miner producing magnetite concentrate and pellets at Savage River and Port Latta in Tasmania for export to Asian steel manufacturers, with Shagang Group as major shareholder and the Southdown magnetite development project in Western Australia advancing toward FID.
- Ownership category
- akta.pro rank
Grange Resources industry classification
Industry- Product category
- Iron Ore Mining and Pellet Production
- NAICS
- Iron Ore Mining (212210)
- SIC
- Metal Mining (1000), Wholesale-Metals & Minerals (No Petroleum) (5050)
- akta.pro primary industry
- Iron Ore Mining Operations (Open-Pit & Underground) (IMAKAAAC)
- akta.pro secondary industries
- Iron Ore Beneficiation & Concentration (Crushing, Screening, Washing, Magnetic Separation) (IMAKAAAD), Concentrate & Product Handling (Agglomeration, Pelletizing, Briquetting, Drying) (IMAKALAG), Iron Ore Mine Development & Expansion (EPC, Construction, Commissioning) (IMAKAAAB)
Keywords
Where Grange Resources is headquartered
LocationHeadquarters
- HQ city
- Burnie
- HQ country
- Australia
- HQ region
- Oceania
Offices4 records
Markets served
Grange Resources business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D
Revenue model
- Iron Ore Pellets: Production and sale of iron ore pellets from the Port Latta facility, producing over 2.5 million tonnes annually. The pellets are premium quality steel-making raw materials sold to steel manufacturers.
- Magnetite Concentrate: Mining and processing of magnetite ore from Savage River to produce high-quality magnetite concentrate with high iron content and low impurities for steel-making applications.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Grange Resources product offering
Product offeringCore offering
Grange Resources operates an integrated iron ore mining and pellet production business in Australia. The company mines magnetite ore at the Savage River mine in Tasmania, processes it via crushing, grinding, screening, and magnetic separation, and produces over 2.5 million tonnes of premium iron ore pellets annually at its wholly owned Port Latta pellet plant for export to Asian steel manufacturers.
Product overview
Grange Resources operates an integrated iron ore mining and pellet production business in Australia. The company's core operations include the Savage River magnetite iron ore mine in Tasmania, the wholly owned Port Latta pellet plant and port facility producing over 2.5 million tonnes of premium iron ore pellets annually, and the advanced Southdown Magnetite Project in Western Australia. With over 55 years of experience, the company produces high-quality, steel-making raw materials through efficient and flexible operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Iron Ore Pellets Premium quality iron ore pellets produced at the Port Latta facility in Tasmania, with annual production exceeding 2.5 million tonnes. Sold to steel manufacturers as a high-quality raw material for steelmaking.
- Magnetite Concentrate High-iron-content magnetite concentrate mined at Savage River with minimal impurities, supplied as a steel-making feedstock.
- Southdown Magnetite Project Advanced magnetite mine development project located approximately 90km east-northeast of Albany in Western Australia's Great Southern region. Involves an open pit mine, a 110km underground slurry pipeline to the Port of Albany, and magnetite concentrate production.
Quantifiable outcome
- Produces over 2.5 million tonnes of premium quality iron ore products annually
- +2 more outcomes
Companies that use Grange Resources
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Grange Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Grange Resources partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Sojitz CorporationminorJapanese firm Sojitz took a 30% stake in Grange's Southdown Magnetite Project in 2007. The partnership involved MOU signing on Southdown port and pipeline infrastructure. Grange has since re-acquired full ownership of the project in December 2022.
Scale indicators7 records
Recent moves8 records
Expansion highlights4 records
Grange Resources competitors and assessment
Company assessmentBroad incumbents
- Vale: Brazilian global mining giant and the world's largest iron ore producer, with significant pellet production. Comparable as a major seaborne iron ore and pellet supplier to the global steel industry.
- Rio Tinto: Global diversified miner with a dominant Pilbara iron ore business exporting to Asian steelmakers. Comparable as a major Australian iron ore producer serving the same end-markets, though at far greater scale.
- BHP: World's largest mining company with iron ore operations in the Pilbara supplying Asian steel mills. Comparable as a major Australian iron ore producer serving the same Chinese and Asian steelmaking customer base.
- Fortescue: One of the world's largest iron ore producers, operating in the Pilbara with a focus on hematite exports to China. Comparable as a major Australian iron ore producer serving the same Asian steelmaker customers.
Direct peers
- Cleveland-Cliffs: Largest flat-rolled steel producer and iron ore pellet manufacturer in North America. Comparable as an integrated iron ore mining and pellet producer supplying steelmakers with high-quality feedstock.
- Champion Iron: Canadian-listed producer of high-grade iron ore concentrate from its Bloom Lake mine in Quebec. Directly comparable as a high-grade iron ore concentrate producer targeting premium steelmaking markets.
- Mineral Resources: Australian diversified mining company producing iron ore (and lithium) for global steel markets, with integrated mine-to-port operations. Comparable as a mid-tier Australian iron ore producer with exposure to Asian steel demand.
- Atlas Iron: Australian iron ore miner (now part of Hancock Prospecting) historically focused on Pilbara hematite exports to China. Comparable as a mid-tier Australian iron ore producer serving Asian steel markets.
- Mount Gibson Iron: Australian iron ore producer with operations in Western Australia exporting hematite and iron ore products to Asian steelmakers. Comparable mid-cap Australian iron ore exporter focused on Asian steel demand.
Others
- ArcelorMittal: World's largest steelmaker with captive iron ore mining operations. Comparable as a major iron ore consumer and integrated mining-steel player relevant to Grange's customer base dynamics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Grange Resources social profiles
Digital presenceGrange Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Grange Resources leadership team
Management profileNumber of profiles
Profiles11 records
Grange Resources subsidiaries and ownership
Company hierarchySubsidiaries3 records
Grange Resources funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Grange Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Grange Resources
What does Grange Resources do?
Grange Resources operates an integrated iron ore mining and pellet production business in Australia. The company mines magnetite ore at the Savage River mine in Tasmania, processes it via crushing, grinding, screening, and magnetic separation, and produces over 2.5 million tonnes of premium iron ore pellets annually at its wholly owned Port Latta pellet plant for export to Asian steel manufacturers.
Is Grange Resources a public or private company?
Grange Resources is a public company. It is classified as public and is currently operating.
When was Grange Resources founded?
Grange Resources was founded in 1965. It employs 501 to 1,000 people.
Where is Grange Resources based?
Grange Resources is headquartered in Burnie, Australia, in the Oceania region.
How does Grange Resources make money?
Two revenue lines are on record. Iron Ore Pellets are the primary driver. The others are magnetite Concentrate.
Who are Grange Resources's main competitors?
Broad incumbents on record are Vale, Rio Tinto, BHP and Fortescue. Direct peers are Cleveland-Cliffs, Champion Iron, Mineral Resources, Atlas Iron and Mount Gibson Iron. ArcelorMittal is listed as an others.
Does Grange Resources have an API?
No public API is recorded for Grange Resources.
What industry is Grange Resources in?
Grange Resources's product category is Iron Ore Mining and Pellet Production. Its primary akta.pro industry code is IMAKAAAC, Iron Ore Mining Operations (Open-Pit & Underground), with a secondary code of IMAKAAAD, Iron Ore Beneficiation & Concentration (Crushing, Screening, Washing, Magnetic Separation). Its NAICS code is 212210 and its SIC code is 1000.