- Mineral Resources Ltd (MRL) acquires Cleveland-Cliffs Inc's Koolyanobbing iron ore operation
- State Government works with MRL to ensure economic activity continues in the Yilgarn region and WA jobs are protected
- The acquisition is another positive sign for WA's economy - up to 400 regional jobs protected
The McGowan Government has moved to protect Western Australian jobs, with support for Mineral Resources Limited's acquisition of Cleveland-Cliffs Inc's Koolyanobbing iron ore operation in the State's Yilgarn region.
MRL will also acquire Cliffs' fixed infrastructure assets at the Port of Esperance.
The acquisition will ensure that mining operations continue in the region and exports will continue to be shipped through Esperance Port.
The State Government committed to time limited royalty relief for Cliffs-related port throughput and reduced port charges, in order to guarantee continued operation at the iron ore deposit and ensure local jobs, including workers at Esperance Port, can be protected.