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Mineral Resources Announces Port and Rail Agreement with Hancock and Roy Hill

29 Nov 2021  |  14:55:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Port and Rail Agreement with Hancock and Roy Hill

Mineral Resources advised that the Company has entered into an agreement with Hancock Prospecting Pty (Hancock) and Roy Hill Holdings Pty (Roy Hill) (the Agreement) in which the Company and Hancock will jointly investigate the development of a new iron ore export facility at the Port of Port Hedland's Stanley Point Berth 3 in South West Creek, where Roy Hill would provide services to both the Company and Hancock for development and operation of the project, including rail haulage and port services (the Project). The Project aligned with the Company's strategy to unlock stranded deposits in the Pilbara by developing pit-to-port solutions and expanding its capability to be a long-term, low-cost sustainable supplier of iron ore to international markets.

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