Roy Hill mine

Roy Hill mine
Location
Roy Hill mine is located in Western Australia
Roy Hill mine
Roy Hill mine
Location in Western Australia
LocationChichester Range, Shire of East Pilbara, Pilbara
StateWestern Australia
CountryAustralia
Coordinates22°37′19″S 119°57′30″E / 22.621944°S 119.958333°E / -22.621944; 119.958333
Production
ProductsIron ore
Production60 million tonnes per annum
History
Opened2015
Owner
CompanyHancock Prospecting (70%)
POSCO (12.5%)
Marubeni (15%)
China Steel Corporation (2.5%)
Websitewww.royhill.com.au
Map

The Roy Hill mine is an iron ore mine in the Chichester Range in the Pilbara region of Western Australia, located 115 kilometres (71 mi) north of Newman and 277 kilometres (172 mi) south of Port Hedland.[1][2][3] With indicated and inferred reserves of more than 2.4 billion tonnes (5.3 trillion pounds), it is expected[timeframe?] to become one of the largest mining projects in Australia.[4][5] Mining operations will produce 55 million tonnes (120 billion pounds) of iron ore per annum with an operating life of more than 20 years.[6]

Gina Rinehart's Hancock Prospecting is the majority stakeholder in the project with a 70% interest. The remaining 30% stake is held by a consortium comprising POSCO (12.5%), Marubeni (15%), and China Steel Corporation (2.5%).[7] As part of the ownership agreement the various consortium partners have also secured their proportionate share of iron ore production from the Roy Hill Project, representing a combined 16.5 million tonnes (36 billion pounds) per annum of iron ore at full production.

  1. ^ "Roy Hill 1". Hancock Prospecting. Archived from the original on 20 March 2012. Retrieved 1 February 2012.
  2. ^ SMEC Australia Pty Ltd (2009), Roy Hill 1 iron ore mining project : draft public environmental review. Volume 1, SMEC Australia Pty Ltd, retrieved 1 February 2012
  3. ^ "Roy Hill Iron Ore Mine, Railway and Port".
  4. ^ Chessell, James (18 January 2012). "POSCO lifts stake in Hancock's Roy Hill" (PDF). Australian Financial Review. Archived from the original (PDF) on 20 March 2012. Retrieved 23 February 2012.
  5. ^ Klinger, Peter (19 January 2012). "Ratings agencies endorse Roy Hill" (PDF). West Australian. Archived from the original (PDF) on 20 March 2012.
  6. ^ "Environmental protection Act 1986 – Amendment to Works Approval. Premises Roy Hill Iron Ore project Construction Camp" (PDF). Department of Energy and Conservation. p. 4.[permanent dead link]
  7. ^ "Roy Hill Ownership". Archived from the original on 21 December 2014.