Group executive news

Gina Rinehart’s Roy Hill iron ore mine reveals massive $4.4bn profit as commodity prices and exports boom

19.11.2021

Hancock is also one of the biggest taxpayers in corporate Australia and one of the biggest earners among private corporations, and in financial terms it has sailed through the Covid-19 pandemic due to the strength of Roy Hill and its other mining assets and agricultural investments. Meanwhile, Mrs Rinehart said the mining sector should be recognised for its financial importance to governments and the wider community, and that bureaucratic imposts needed to be removed for the industry to keep growing. “When mining does well, so does Australia,” she said.

Media Release | Results for Roy Hill Holdings Pty Ltd (“Roy Hill”) for the Financial Year Ended 30 June 2021

18.11.2021

Ongoing, strong operational performance has enabled Roy Hill to capture iron ore’s significant price window in FY21 with higher shipped tonnes. Coupled with a focus on cost control across the business, Roy Hill’s profit after tax has doubled to $4.4 billion from $2.2 billion in FY20.

SRG secures short-term with Roy Hill, Rio Tinto

16.11.2021

In Western Australia, a three-year contract has been secured with Roy Hill to provide shutdown maintenance services at its iron ore operations in the Pilbara.

Mining magnate Gina Rinehart backs changes to age pension system to keep older workers on the job

16.11.2021

“We are a supporter of the government changing its policy where pension arrangements are concerned, so that pensioners can work should they so choose, without onerous tax resulting from their decision to work. “Hancock is a very patriotic company that supports investment in Australia, primary industries and jobs in WA and Australia. When mining does well, Australia does well.”

Interview with National Seniors Australia Chief Advocate Ian Henschke.

16.11.2021

Henschke says he was pleased to see Gina Rinehart has come out and talked about this, noting business leaders watching them tonight are saying they need the workers to be able to do the jobs they require at the moment.

A Fortunate Life: Tad Watroba

08.10.2021

Tad Watroba describes himself as ‘the most fortunate mining engineer there is’. After more than 45 years in the business, his drive and passion are as fierce today as when he began his first job down a mine after graduating in 1973 from Krakow’s AGH University of Science and Technology, then known as the University of Mining and Metallurgy.

Wabtec launches e-locomotive with first order

22.09.2021

In Australia, Roy Hill will be getting the newest version of the FLXdrive battery-electric locomotive in 2023 with an energy capacity of 7 MWh. “We are committed to transforming the next generation of transportation by adopting advanced technologies that improve energy efficiency, lower operating costs and improve our rail and mining network,” said Gerhard Veldsman, CEO of Roy Hill. “The FLXdrive locomotive will be the first for the region and the first for the mining industry and will improve our rail operations from the mine to Port Hedland.”

‘Dramatically more powerful’: world’s first battery-electric freight train unveiled

19.09.2021

Wabtec showed off the new battery-electric locomotive at Carnegie Mellon University as part of a new venture between the two organizations to develop zero-emissions technology to help move the 1.7bn tons of goods that are shipped on American railroads each year. Australian mining company Roy Hill has become the first purchaser of Wabtec’s FLXdrive battery-electric locomotive, announcing the purchase the same day Wabtec unveiled the locomotive. Roy Hill will receive the second-generation version of the FLXdrive locomotive, currently under development for delivery in 2023, which will have an energy capacity of 7-megawatt hours.

Vale and Asian miner seek Brazil nod to fast-track mine project

17.09.2021

Mining giant Vale SA and an Asian-owned metals producer are among the first to tap a Brazilian program that aims to cut red tape and speed up mining projects in the South American nation.

Roy Hill on track with battery powered locomotive purchase

16.09.2021

Roy Hill will purchase the world’s first fully battery-powered, heavy-haul locomotive from Pittsburgh-based Wabtec, transforming the cost of transporting iron ore from pit to port. “The FLXdrive battery-electric locomotive is a bold step toward a low-to-zero-emission locomotive future,” Mendonca said. “We continue working on solutions that cut the overall carbon footprint of the industries we serve through the development of low-emitting locomotives like the FLXdrive, and the use of alternative fuels such as bio-diesel, renewable diesel and hydrogen.”