Pioneer of the
Australian Iron Ore

Infrastructure Deal Could Help Mineral Resources Develop Marillana

Mineral Resources’ infrastructure agreement with Roy Hill and Hancock Prospecting could enable the ASX-listed miner to develop stranded iron-ore resources such as its Marillana project, Macquarie says. “A development of Marillana and the infrastructure agreement presents upside risk to our base-case earnings and valuation for MIN,” says Macquarie, which doesn’t factor that project into its base case for Mineral Resources at present.

The infrastructure agreement with Roy Hill and Hancock could also lead to lower transport costs for its existing Pilbara iron-ore mining operations, the bank adds. (; @RhiannonHoyle)
(END) Dow Jones Newswires