Morgan Stanley Infrastructure Partners invests in Australia’s Onslow Iron Road Trust. Source: Shutterstock

Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Infrastructure Partners, a private infrastructure investment platform within MSIM, has agreed to buy a 49% stake in Onslow Iron Road Trust in collaboration with Mineral Resources, which will retain a 51% stake.

The Onslow Iron ore project, situated in the northwest Pilbara region of Western Australia, is primarily owned, and managed by Mineral Resources, a diversified natural resources business listed on the Australian Stock Exchange.

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By June 2025, Onslow Iron hopes to have increased its ore production to 35 million tonnes annually, or nameplate capacity.

A private haul road spanning roughly 150 kilometers was constructed by Mineral Resources to connect the Onslow mine to Ashburton Port as part of the pit-to-port solution for Onslow Iron.

Road Trust owns a vital piece of transportation infrastructure that is essential to liberating significant iron ore resources that were previously trapped in the West Pilbara.

This corridor serves as the only route for Onslow Iron’s deposits.

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Tim Cooper, managing director for MSIP stated: “We are pleased to partner with Mineral Resources as part of the Onslow Iron project and value its long-term track record of project execution. We are proud to be co-stewards of an asset we believe will deliver an attractive, inflation-protected cash yield, backed by significant barriers to entry and attractive underlying economics.”

Furthermore, last month, Insurtech company Cover Whale Insurance Solutions, which specialises in connected insurance for commercial vehicles raised $27.5m from investment funds run by Morgan Stanley Expansion Capital in both debt and equity.

The investment round, which also saw current loan investors convert into Series A preferred stock, will help Cover Whale expand to develop and accelerate its efforts to reform transportation insurance and improve road safety in America.