Deterra Royalties Ltd
Company Profile
Business description
Deterra Royalties was spun out from Iluka Resources in October 2020, with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area in Western Australia. This includes the North Flank mine, producing around 60 million metric tons of iron ore a year, and the South Flank mine, which produces around 80 million metric tons. It also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Consistent with its strategy to grow into a diversified royalty firm, its Trident Royalties purchase is likely to provide modest diversification from iron ore.
Contact
140 St Georges Terrace
Level 16
PerthWA6000
AUST: +61 862778880
Sector
Basic Materials
Stock type
Cyclical
Industry
Other Industrial Metals & Mining
Fiscal Year End
30 June 2026
Employees
11
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