Mineral Resources (ASX:MIN) will receive a $200 million contingent payment from Morgan Stanley Infrastructure Partners in early November 2025, as part of a private haul road transaction.
Between 1 August 2025 and 27 October 2025, 8.75 million tonnes of iron ore was loaded onto MinRes transhippers at the Port of Ashburton, which satisfied the contingent payment condition by achieving a 35 million tonnes per year run-rate over three months.
As a result of the payment, MinRes’ total consideration received will increase to $1.3 billion.
Managing Director Chris Ellison says securing this payment is a “strong” financial outcome and the company remains focused on operating Onslow Iron at nameplate capacity.
In September 2024, investment funds managed by MSIP paid an upfront consideration of $1.1 billion for a 49% interest in the Onslow Iron Road Trust. The trust generates a life-of-mine consumer price index-adjusted tolling fee per tonne of iron ore loaded at the port from the Onslow Iron Project.
The Onslow Iron Project – located in the West Pilbara region – has a more than 30 year mine life, which is expected to ramp up to 35 million tonnes of iron ore per year.
Mineral Resources is a diversified resources company, with extensive operations in lithium, iron ore, energy and mining services across Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Mineral Resources
