South West Creek, page-5

See  announcement: [Mineral Resources enters into Port and Rail Agreement with Hancock and Roy Hill]


https://thewest.com.au/business/mining/rinehart-ellison-strike-pilbara-port-rail-deal-c-4743056

Gina Rinehart, Mineral Resources’ Chris Ellison strike Pilbara port, rail deal

Stuart McKinnonThe West Australian
Mon, 29 November 2021 12:29PM
Stuart McKinnon


Mineral Resources managing director Chris Ellison chats with the media after his company's AGM. Credit: Daniel Wilkins/The West Australian


WA mining identities Gina Rinehart and Chris Ellison will join forces in a landmark deal to develop new port facilities at South West Creek in Port Hedland to help unlock stranded iron ore assets in the Pilbara.

Mr Ellison’s Mineral Resources said in a statement it had struck a deal with Mrs Rinehart’s Hancock Prospecting and majority owned Roy Hill’s new iron ore export facility at Stanley Point Berth 3.

Under the terms of the deal, Roy Hill would develop and operate the project, providing rail haulage and port services.

The development would be subject to capacity allocation and approvals for the project by the Pilbara Ports Authority and MinRes and Hancock each taking a final investment decision to proceed.

MinRes said the project aligned with its 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.

The company said the project would provide it with a port and rail haulage solution to deliver ore mined from its deposits to Port Hedland.
“Haulage solutions are key to unlocking stranded assets in the Pilbara and this agreement will provide a cost-effective solution for MinRes to develop its Pilbara assets.

Mr Ellison described the partnership and infrastructure-sharing deal as the first of its kind in the Australian resources industry.
“Our long-stated strategy is to transition from short-life, high-cost mines to lower-cost, long-life operations underpinned by innovative infrastructure solutions,” he said.
“Developing our stranded assets will provide additional growth for MinRes’ unique mining services build-own-operate model.
“We’re delighted to have reached this agreement which builds on our long and strong relationship we have with Hancock.
“We look forward to working with Hancock, Roy Hill, PPA and the State Government to progress this project which would help unlock stranded assets in the Pilbara and would create thousands of jobs for West Australians for years to come.”