Hancock & MRL reach agreement for port & rail joint-venture

Hancock Prospecting Pty Limited (Hancock) and Mineral Resources Limited (MRL) are pleased to announce that they have entered into a legally binding agreement under which they will jointly investigate the potential to develop a new iron ore export facility at the Port of Port Hedland’s Stanley Point berth 3 in South West Creek, where Roy Hill Holdings Pty Ltd (Roy Hill) would provide services to both MRL and Hancock for development and operation of the project, including rail haulage and port services (Project).

Mrs Gina Rinehart, Executive Chairman Hancock Prospecting Group & Roy Hill was joined by Directors and representatives from Hancock, Mineral Resources and Roy Hill for the signing of the port and rail agreement between the companies at HPPL House in Perth.