News Room - Business/Economics

Posted on 10 Jul 2023

Southern Ports secures Mineral Resources export deal

Australian Southern Ports Authority has struck a major three-year deal with miner Mineral Resources for iron ore exports from Port of Esperance, Kallanish notes.

This opens the port’s iron ore infrastructure to junior exporters, paving the way for Juno Minerals to sign a non-binding memorandum of understanding with Southern Ports to support potential future iron ore trade.

Iron ore is the Port of Esperance’s primary export commodity, with more than 7.6 million tonnes exported in financial year 2023 and almost 37mt since 2018.

Southern Ports chief executive Keith Wilks says iron ore trade underpins regional prosperity in Esperance.

“Not only will the deal extend Mineral Resources’ iron ore exports through to 2026, but also create the potential for new iron ore trade with junior exporters as the Port of Esperance transitions to future export commodities,” he adds.

Source:Kallanish