Already a subscriber?Mineral Resources says it is confident that it will be able to sell a stake in an iron ore haul road for up to $1 billion even though it is still under construction and not being used.
MinRes said it was likely to adopt a similar strategy of selling down a stake if it elects to pull the trigger on building a gas processing plant in the Perth Basin. He saw no complications in completing a sale before the was complete and being used to cart iron ore using a fleet of super-sized trucks.
The company shipped 4.5 million tonnes of iron ore, down 6 per cent on the three months to the end of December. It received an average price of $US98 per tonne, representing 79 per cent of the benchmark ore price.
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