News

Roy Hill celebrates ten years with key partners

Roy Hill is celebrating a ten-year partnership with its financing and equity partners, POSCO, Marubeni and China Steel Corporation.The Roy Hill project is the only independent iron ore operation in the Pilbara with majority West Australian ownership. At the time in which the joint venture agreement was created, it made history as one of the most significant projects for its time.“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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Hancock hits out at policy barriers to export growth

Australia’s most successful private company – which made the AFR Fast Global list with almost 18 per cent revenue growth over the past three years – has a pipeline of magnetite and other projects aimed at boosting the iron ore exports. Hancock executive director Tad Watroba says the world will need more iron ore than ever before to hit global targets in renewable energy, but government policies were a barrier to boosting production. “Iron ore is critical to the modern world, and by all assessments global demand for iron ore and steel is only going to increase in the coming decades,” he says.

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Roy Hill celebrates a decade

“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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Rinehart warns of barriers to more mines under Rio partnership

Hancock Prospecting says it wants Rio Tinto to open new mines under a long-standing partnership as it moves to boost iron ore production, but warns the Albanese government’s policies are posing a threat to investment. The resources group, owned by billionaire businesswoman Gina Rinehart, said the government had put in place “necessary” barriers delaying the development of new projects under the Hope Downs partnership that so far involves the Hope 1, Hope 4 and Baby Hope mines in Western Australia.

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Roy Hill | WA Day Drone Show

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 the Hancock Prospecting group of companies.

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Roy Hill celebrates a decade

“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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Roy Hill marks 10-year milestone with partners

“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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Many happy returns from Roy Hill

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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Roy Hill celebrates 10-year milestone

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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Billionaires taking a stranglehold on WA’s gas

There has been much public and political focus centred on Australia’s east coast gas market, amid warnings of gas shortages, policy interventions and higher prices.
But it’s over on the west coast where the next gas debate may be brewing. West Australia’s gas producers, buyers and policymakers could be sleepwalking into their own domestic gas turning point. Just as the market is tightening, nearly all new gas discoveries have been bought up by three prominent Western Australian billionaires, who have their own priorities for the gas. It’s a timely reminder that investment in exploration for gas remains important both to enable the phase out of coal and support the supply of minerals needed to deliver the decarbonisation of the global economy and provide geopolitical security in supply chains.

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