Roy Hill mine
| Location | |
|---|---|
| Location | Chichester Range, Shire of East Pilbara, Pilbara |
| State | Western Australia |
| Country | Australia |
| Coordinates | 22°37′19″S 119°57′30″E / 22.621944°S 119.958333°E |
| Production | |
| Products | Iron ore |
| Production | 60 million tonnes per annum |
| History | |
| Opened | 2015 |
| Owner | |
| Company | Hancock Prospecting (70%) POSCO (12.5%) Marubeni (15%) China Steel Corporation (2.5%) |
| Website | www |
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. With indicated and inferred reserves of more than 2.4 billion tonnes (5.3 trillion pounds), it is expected to become one of the largest mining projects in Australia. Mining operations will produce 55 million tonnes (120 billion pounds) of iron ore per annum with an operating life of more than 20 years.
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%). 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.