Deterra Royalties
Bronwyn Kerr has extensive legal experience in the mining and resources sector, currently serving as General Counsel and Company Secretary at Deterra Royalties since October 2021. Prior to this, Bronwyn held similar roles at Atlas Iron Pty Ltd from July 2010 to October 2021, where responsibilities included overseeing all legal and governance matters, contracts, and community affairs. Significant achievements include involvement in a lithium joint venture with Pilbara Minerals Limited, various takeovers and applications to the Takeovers Panel, and capital raising initiatives. Earlier in the career, Bronwyn worked in legal roles at Ashurst and Blake Dawson, focusing on mining, oil, and gas sectors, while also undertaking various educational programs including a Graduate Diploma of Applied Corporate Governance and a Bachelor of Laws from The University of Western Australia.
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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 BHP’s integrated Western Australia Iron Ore Operations. BHP’s 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 and production increases, greater cash flow resilience and lower risk through portfolio diversification. Deterra maintains a disciplined approach to investment and capital allocation, leveraging its scalable cost structure - limited incremental operating costs are expected to be required for new investments. Deterra Royalties intends to maintain a conservative balance sheet, in line with international peers, and a disciplined funding model that focuses on consistent cash returns to shareholders. Deterra’s dividend policy is to return 100% of NPAT to shareholders, franked to the extent possible (subject to Board discretion).