Red Hawk announces haulage partnership with MGM Bulk

The Haulage Agreement enables Red Hawk and MGM Bulk to work collaboratively through the Pre-Feasibility Study (PFS) and Definitive Feasibility Study (DFS) phases to develop and optimise the transport and logistics strategy, focusing on maximising productivity and reducing unit operating costs. Following completion of the studies, MGM Bulk has the exclusive right to enter into a Haulage Services Agreement on terms equivalent to those contained in the DFS. MGM Bulk will be responsible for providing a fleet of 150 t ultra-quad trucks and drivers plus associated loading and other equipment and infrastructure.

Commenting on the partnership, Red Hawk’s Managing Director, Steven Michael said: “We are excited to work with the team at MGM Bulk to establish a haulage strategy optimised for the Blacksmith Project. MGM Bulk’s operations in the Pilbara, centred around delivering iron ore into the Utah Point, are second to none. Their fleet size, quality, operational performance, and safety record are critical factors in ensuring the success of the Blacksmith Project.

Our PFS team is working closely with MGM Bulk’s commercial and operations team to deliver operating and capital cost estimates with a high degree of certainty, which can easily be translated into an operational haulage contract.”

MGM Bulk’s CEO, Michael Giacci commented: “We are immensely proud to be forging a long-term partnership with Red Hawk Mining on the mine-to-port haulage solutions for their Blacksmith Iron Ore Project.”

Read the article online at: https://www.globalminingreview.com/mining/11032024/red-hawk-announces-haulage-partnership-with-mgm-bulk/