Alien Metals has entered into an MoU with Pilbara Ports Authority

The agreement is the first important step in securing the formal commitment from Pilbara Ports to export the iron ore produced by Alien Metals's Hancock iron ore Project.

Highlights:

• Pilbara Ports and the company’s wholly owned subsidiary, Iron Ore Company of Australia Pty Ltd (IOCA), entered into an MoU.
• Pilbara Ports operates in the Pilbara Region of Western Australia, with the Port of Port Hedland as the largest bulk export port in the world.
• The MoU paves the way for IOCA to access the common-use stockpiles at Utah Point and export up to 1.25 million tpy of iron ore from Q424.
• IOCA is also pleased to announce that the next step in this process has progressed to a point whereby Pilbara Ports and IOCA have substantially agreed the terms of the binding agreement for iron ore export through Utah Point. This agreement is subject to the typical regulatory approvals.

Troy Whittaker, CEO commented: “The signing of the Port MoU and settling key terms of the formal multi-user agreement are important steps as we continue to secure the supply chain from development, operations and to the end customer. We are confident Pilbara Ports has the capacity and capability to handle our tonnage at the port and we are delighted to have signed the MoU. We acknowledge Pilbara Ports efforts to facilitate port access for miners such as IOCA and we look forward to working closely with them as we finalise the the binding agreement and seek the require regulatory approvals.”

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/28112023/alien-metals-has-entered-into-an-mou-with-pilbara-ports-authority/