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Brockman, Mineral Resources to form 50/50 JV on Marillana iron ore project

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Brockman, Mineral Resources to form 50/50 JV on Marillana iron ore project

Brockman Mining Ltd. will form a 50/50 joint venture with Mineral Resources Ltd. to develop the Marillana iron ore project in Western Australia's Pilbara region, according to a July 27 release.

Marillana is located 30 kilometers from Mineral Resources' Iron Valley operations whose 320-kilometer light rail to Port Hedland will pass through the Marillana mining lease with a possible load-out point adjacent to the Marillana deposit.

At Port Hedland, a fully automated train receival station, a product stockyard facility adjacent to South West Creek, and a cape-size carrier berth can be used for the export of Marillana ores.

Both parties vowed to begin building the rail and port system as early as the second quarter of 2019, with operations expected to start in the third quarter of 2020.

Brockman said Marillana's production can start as early as the third quarter of 2019 especially if Mineral Resources' currently operating Port Hedland export facilities at Utah Point will be utilized, providing a road haulage transportation alternative.

A 50% stake in Marillana had previously been optioned to Todd Corp. Ltd. subsidiary BBI Group Pty. Ltd. but Brockman said it did not offer speed compared to the Mineral Resources proposal.