Who Built Roy Hill mine?
Roy Hill is Hancock Prospecting’s majority-owned US$10 billion mega iron ore operation, which has successfully ramped up production to become Australia’s single largest iron ore mine producing 60 million tonnes of ore per annum.
What does Roy Hill mine?
Roy Hill is one of Australia’s major resource-based operations, currently producing 60Mtpa of iron ore for international markets from our low phosphorus Marra Mamba iron ore deposit. Our integrated operation encompasses the entire supply chain, including mining, processing, rail and a purpose-built port facility.
Is Hancock Prospecting on the ASX?
Pioneer of the. Australian Iron Ore. Industry It’s largely out of the public eye because unlike the “Big Three” — BHP, once “the biggest Australian”, Rio Tinto and Andrew “Twiggy” Forrest’s Fortescue — Rinehart’s still rather quaintly named Hancock Prospecting is privately owned and so not listed on the stock exchange.
Who discovered iron ore in Australia?
| Lang Hancock | |
|---|---|
| Died | 27 March 1992 (aged 82) Prix D’Amour, Mosman Park, Western Australia |
| Occupation | Mining magnate |
| Known for | Discovery of the world’s largest iron deposit; Western Australian secessionism; other business and mining interests |
| Board member of | Hancock Prospecting Pty Ltd |
Where is the Roy Hill iron ore project?
The Roy Hill iron ore project is located in the Chichester Range, approximately 80km to the south of Port Hedland and 110km to the north of Newman in the Pilbara region of Western Australia. The Roy Hill deposit is a low phosphorous Marra Mamba deposit situated on the southeastern part of the Pilbara Craton.
Who owns the Roy Hill mine?
The mine is operated by Roy Hill Holdings in which Hancock Prospecting is the majority shareholder (70%). The remaining 30% interest is owned by a consortium of companies including POSCO Corporation (12.5%), Marubeni Corporation (12.5%) and China Steel Corporation (2.5%). The project is ideally located to supply ore to the growing Asian markets.
Who is Roy Hill holdings?
Roy Hill Holdings (Hancock (70%), Marubeni (15%), POSCO (12.5%) and China Steel Corporation (2.5%)) Roy Hill iron ore project is an open-pit mine located in the Pilbara region of Western Australia and is the largest single ore mine in the country.
How much iron is in Royroy Hill?
Roy Hill is estimated to contain 2.4 billion tonnes of reserves. Indicated resources are estimated at 485 million tonnes (mt) grading at 55% iron. Inferred resources are estimated at 680mt grading at 55% iron.