Deterra Royalties

Royalty companies provide investors with exposure to the value created through the discovery, extraction and sale of natural resources, typically without full exposure to some of the key operating risks of mining businesses. Ownership of the MAC Royalty gives Deterra Royalties exposure to one of the premier iron ore mines globally as measured by scale, cost position, credibility of the operator and remaining asset life. BHP operated MAC is a long-life, high-grade and low-cost asset forming part of BHPs integrated Western Australia Iron Ore Operations. BHPs South Flank project will increase production from the MAC Royalty area significantly in the coming years. In addition to the cornerstone MAC Royalty, Deterra will seek to build a portfolio of royalty interests focusing on earnings growth and diversification by making complementary and value accretive investments. Key objectives of this strategy are to achieve multiple sources of earnings growth, exposure to mine life extensions...