Morgan Stanley Investment Management (MSIM), through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), a private infrastructure investment platform within MSIM, has agreed to acquire a 49 percent stake in Onslow Iron Road Trust in partnership with Mineral Resources Ltd., which will continue to own a 51 percent stake.
Mineral Resources, a diversified natural resources company listed on the Australian Stock Exchange, is the manager and majority owner of the Onslow Iron ore project located in the northwest Pilbara region of Western Australia. Onslow Iron has commenced ore production and is expected to ramp up to nameplate capacity of 35 million tonnes per annum by June 2025.
As part of delivering the pit-to-port solution for Onslow Iron, Mineral Resources built an approximately 150-kilometer (93-mile) private haul road from the Onslow mine to Ashburton Port. Serving as the only corridor for Onslow Iron’s deposits, Road Trust owns a critical tran