Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)
Lithium
44.03
(0.23%)
Gold
2,672.10
0.32%
Copper
4.36
(0.99%)
Oil
70.88
(0.88%)
Bitcoin
65,656.53
(0.62%)
FTSE 100
8,265.93
(0.32%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
43,065.22
0.62%
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.17%)
Hang Seng
20,318.79
(3.46%)

Mineral Resources (ASX: $MIN) completes onslow iron haul road transaction

Completion of transaction details


Mineral Resources Limited (ASX:MIN) has successfully completed the sale of a 49% interest in the Onslow Iron haul road to investment funds managed by Morgan Stanley Infrastructure Partners (MSIP). The transaction involved an upfront cash consideration of $1,100 million received by MinRes from MSIP on 24 September 2024. Additionally, the Company's undrawn bridge facility of US$750 million will now be cancelled.

Executive Commentary


I'm pleased to officially welcome MSIP as a partner in the Onslow Iron project. This partnership is yet another strong endorsement of Onslow Iron's world-class credentials and showcases MinRes' ability to unlock significant capital from our portfolio of assets. - MinRes Managing Director Chris Ellison

Summary of Completion and Outlook


The completion of the transaction marks a significant milestone for Mineral Resources as it secures a substantial upfront cash consideration and paves the way for further development of the Onslow Iron haul road. The partnership with MSIP allows MinRes to retain majority ownership and exclusive rights to use, operate, and maintain the Haul Road, ensuring continued exposure to the stable earnings it will generate. With the Haul Road scheduled for completion in October 2024 and the delivery of first ore on ship in May 2024, the company is poised for continued progress in unlocking stranded iron ore deposits in the West Pilbara region of Western Australia. The partnership with MSIP not only validates the world-class credentials of the Onslow Iron project but also presents opportunities for deeper collaboration in the future, reflecting MinRes' exceptional operatorship and commitment to maximizing the potential of its assets.

MINERAL RESOURCES LIMITED
MIN | ASX | Materials
50.24-0.43(-0.85%)
At close 14/10 (AEDT)
Market cap
$9.9B
Volume
957,367
DY Yield
0.0179
PE Ratio
79.74603
52 Week Range
29.51 - 79.76
1YR Return
N / A

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