News
Roy Hill and Atlas Iron long serving staff recognition: Dinner under Stars
03.12.2021
Speech by Executive Chairman Mrs. Gina Rinehart, Thursday 2 December 2021.
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Contract extension highlights Rinehart-Ellison ties
02.12.2021
The close working relationship between mining billionaires Gina Rinehart and Chris Ellison has again been highlighted after Roy Hill extended a contract with the crushing division of Mineral Resources at its namesake Pilbara mine. The “multi-year” contract extension comes hot on the heels of the two companies striking a landmark deal to jointly develop new port facilities at Port Hedland as each looks to expand iron ore exports. The new contract between Roy Hill and MinRes CSI Mining Services extends a crushing contract between the two parties that has been in place since 2017.
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MinRes, Hancock strike infrastructure deal
01.12.2021
MINERAL Resources has locked in port and rail agreement with Hancock Prospecting, ensuring it can export iron ore from its assets in Western Australia’s Pilbara that were once considered stranded. MinRes and Hancock announced the agreement on November 29, which will involve the development of an iron ore export hub at the Port Hedland Standley Point Berth 3, in South West Creek. "Our long-stated strategy is to transform from short-life, high-cost mines to lower-cost, longer-life operations underpinned by innovative infrastructure solutions."
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MinRes and Hancock team up in the Pilbara
01.12.2021
While co-operation among Pilbara iron ore miners is rare, MinRes has an existing relationship with Hancock via its mining services division. "We look forward to working with Hancock, Roy Hill, PPA and the state government to progress this project which would help unlock stranded assets in the Pilbara and would create thousands of jobs for West Australians for years to come," Ellison said.
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MinRes, Roy Hill, Hancock have big port plans
01.12.2021
Ellison said yesterday the agreement with Hancock and Roy Hill was the first of its kind in the Australian resources industry. "Our long-stated strategy is to transition from short-life, high-cost mines to lower-cost, longlife operations underpinned by innovative infrastructure solutions," he said.
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Infrastructure Deal Could Help Mineral Resources Develop Marillana
30.11.2021
Mineral Resources' infrastructure agreement with Roy Hill and Hancock Prospecting could enable the ASX-listed miner to develop stranded iron-ore resources such as its Marillana project, Macquarie says. "A development of Marillana and the infrastructure agreement presents upside risk to our base-case earnings and valuation for MIN," says Macquarie, which doesn't factor that project into its base case for Mineral Resources at present
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MRL partners with Gina Rinehart on iron-ore export facility
30.11.2021
– ASX-listed Mineral Resources (MRL) has entered into an agreement with Gina Rinehart’s Hancock Prospecting and Roy Hill Holdings to jointly investigate the development of a new iron-ore export facility at Port Hedland’s Stanley Point Berth 3.MRL said on Monday that the project aligned with the company’s strategy to unlock stranded deposits in the Pilbara by developing pit-to-port solutions and expanding its capability to be a long-term, low-cost sustainable supplier of iron-ore to international markets.
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Rinehart and Ellison join forces to create new iron ore export hub
29.11.2021
Hancock Prospecting outlined its plans for a number of new iron ore developments both at its own 1Bt-plus Mulga Downs deposit and through subsidiary Atlas Iron in its annual report on Friday, in which Rinehart’s company posted an eye-watering $7.3 billion profit for FY2021. MinRes, Hancock and Roy Hill have entered an agreement to jointly investigate the development of a facility at the Stanley Point Berth 3, in which Roy Hill would develop and operate the project including a rail haulage and port services. MinRes boss Chris Ellison said the deal will unlock stranded assets in the Pilbara as the company seeks to transition from higher cost production to low cost, long life assets.
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