News
News
Article by Esmarie Iannucci courtesy of Mining Weekly.
PERTH (miningweekly.com) – Gina Rinehart’s Hancock Prospecting has marked a decade of operation at the Roy Hill mine, in the Pilbara.
The A$10-billion project shipped its first ore in 2015 and ramped up to its full production capacity of 55-million tonnes a year in 2017. By 2019, the mine was working towards a run rate of 60-million tonnes a year, and in 2021, the mine was approved to increase production to 70-million tonnes a year.
“It’s a mega project which at times we thought may not happen,” said Rinehart, who is the executive chairperson of Roy Hill.
“We are very fortunate our partners proceeded to invest in our project. It represented a massive vote of confidence in our hardworking, then small executive teams. Since then, it has been a remarkable ten-year journey, one that many thousands of West Australians and Australians have contributed to, and which in turn has contributed to our state and country.
“We are especially proud to lead the industry with our representation of women and our support for veterans.
“Our partners and everyone who has been involved in Roy Hill can be extremely proud they have built Roy Hill from a project into one of the best mining companies in Australia,” said Rinehart.
The mine is estimated to have made more than A$13-billion in net profits over the last two years, with the project already having paid off its A$10-billion debt in full.
Roy Hill celebrates a decade
13.06.2023
“We are especially proud to lead the industry with our representation of women and our support for veterans. “Our partners and everyone who has been involved in Roy Hill can be extremely proud they have built Roy Hill from a project into one of the best mining companies in Australia,” said Rinehart. The mine is estimated to have made more than A$13-billion in net profits over the last two years, with the project already having paid off its A$10-billion debt in full.
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Roy Hill | WA Day Drone Show
13.06.2023
Roy Hill were proud to sponsor the WA Day drone show, belatedly held in better weather on Monday evening. Mrs Rinehart was pleased to watch the show with some of the veterans who work across Hancock Prospecting.
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Roy Hill celebrates a decade
12.06.2023
“It’s a mega project which at times we thought may not happen,” said Rinehart, who is the executive chairperson of Roy Hill. “We are very fortunate our partners proceeded to invest in our project. It represented a massive vote of confidence in our hardworking, then small executive teams. Since then, it has been a remarkable ten-year journey, one that many thousands of West Australians and Australians have contributed to, and which in turn has contributed to our state and country. “We are especially proud to lead the industry with our representation of women and our support for veterans.
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Building stronger futures through positive partnerships
12.06.2023
Visit the website to learn more about Roy Hill's community partnerships.
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Building a better Australia together.
11.06.2023
We are dedicated to building a better Australia alongside our skilled veterans. Join us in creating a stronger future for our country through rewarding mining or agriculture careers. Contact James Hepworth Principal Veteran Employment Program veterans@royhill.com.au Or visit: Veterans4Jobs website: https://www.veterans4jobs.com.au/
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Many happy returns from Roy Hill
10.06.2023
Billionaire Gina Rinehart has described her giant $10bn Roy Hill iron ore mine as “the mega project that … we thought might not happen”. The billionaire mining magnate told a celebration of the 10th anniversary of Roy Hill that the mine’s first equity investors had made a “rare entrepreneurial move … with significant risk” that had paved the way for a project that made $13bn in net profits in the last two years alone and already paid off $10bn in debt in full.
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A WA GIANT WHO LED NATION THROUGH WAR
10.06.2023
Though born in Victoria, John Curtin’s achievements while living in WA make a strong case that he is still the greatest West Australian — or at the very least among the top few. Curtin is one of 100 people who shaped our State to feature in a special 48-page souvenir magazine presented by Roy Hill and supported by BHP and Rio Tinto, celebrating 190 years of The West Australian newspaper.
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Roy Hill celebrates 10-year milestone
09.06.2023
Roy Hill and parent company Hancock Prospecting are delighted to celebrate 10 years in partnership with our financing and equity partners POSCO, Marubeni and China Steel Corporation (CSC). These major international companies placed their commitment in the Roy Hill project, record debt financing was arranged, and spent their equity monies ahead of such debt financing, a rare entrepreneurial move for a mega project, and with significant risk. At the time of the joint venture agreement, Roy Hill made history as one of the most significant projects for its time, winning many awards.
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Roy Hill marks 10-year milestone with partners
09.06.2023
“It’s a mega project which at times we thought may not happen,” she said. “We are very fortunate our partners proceeded to invest in our project - It represented a massive vote of confidence in our hardworking, then small executive teams.”“We are especially proud to lead the industry with our representation of women and our support for veterans." “Our partners and everyone who has been involved in Roy Hill can be extremely proud they have built Roy Hill from a project into one of the best mining companies in Australia.”
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