Roy Hill is Hancock Prospecting’s majority-owned US$10 billion mega iron ore operation, which has successfully ramped up production to become Australia’s single largest iron ore mine producing 55 million tonnes of ore per annum.
The Roy Hill story is an incredible one, dating back many years. Gina Rinehart acquired the Roy Hill tenements in the early 1990s after her father’s passing and after BHP Billiton dropped them. Notably, all professional advice at the time insisted that the tenements were of little value, urging Gina Rinehart to abandon the project.
To her credit, she forged ahead with her dream to build, own and operate a first-class major iron ore mine in one of the world’s premier iron ore provinces, the Pilbara, creating jobs both directly and indirectly for thousands of people.
With its own integrated high-grade iron ore mine, 344km heavy haul railway system and purpose built port facilities, this project has marked a number of impressive firsts such as launching Australia’s first and only fleets of pink mining trucks and trains dedicated to breast cancer and its sufferers, and has achieved a female participation rate above the industry standard.
Roy Hill also marked the largest ever-commercial deal between Australia and South Korea entered into in history. Roy Hill had to achieve over 4000 government approvals, permits and licenses prior to construction with all of the associated costs, delays and risks. Roy Hill secured the world’s largest debt funding package for a mainly Greenfields, land-based mining project, from nineteen of the largest banks in the world and five Export Credit Agencies, gaining international acclaim.
Remarkably, over 50,000 people in the Australasia region have been directly and indirectly employed thanks to this mega project. Some of these operate some of the largest equipment in the worlds mining industry, another first.
Roy Hill celebrated its first shipment of iron ore from Port Hedland on 10 December 2015 and has since loaded tens of millions of tonnes of shipments to key markets in Japan, Korea, China and Taiwan.
This flagship project is majority owned by Hancock Prospecting (70 per cent) with minority partners Marubeni Corporation (15 per cent), POSCO (12.5 per cent) and China Steel Corporation (2.5 per cent).
Roy Hill is headquartered at its state-of-the-art Remote Operations Centre (ROC) adjacent to Perth International Airport.
Watch this video to find out more about the Roy Hill operation.
Finally, Roy Hill is without a doubt an iron ore industry leader and trailblazer, having been presented with numerous industry awards including:
- 2018 WA Training Awards WA Employer of the Year
- 2018 DMIRS Safety and Health Resources Sector Engineering Award
- 2018 Australian Mining Prospect Award for Community Interaction
- 2018 L&MH Mercury Awards Transport Solution of the Year: Rail
- 2017 SMART Award for Excellence in Supply Chain Management & Distribution
- 2017 Golden Gecko Certificate of Merit
- 2017 Platts Global Metals Awards Rising Star Company Award
- 2016 Australian Mining Prospect Awards Excellence in Environmental Management Award
- 2016 Engineers Australia (WA) Australian Engineering Excellence – Engineering Distinction Award
- 2016 Engineers Australia (WA) Australian Engineering Excellence Award – Resource Development
- 2016 Engineers Australia (WA) Australian Engineering Excellence Award – Project Management
- 2016 Association of Mining and Exploration Companies Environment Award
- 2016 Project Management Institute Project of the Year
- 2016 Railway Technical Society of Australasia Railway Project Award
- 2016 Golden Gecko Certificate of Merit
- 2015 Mines & Money Asian Corporate Development Award
- 2015 IJ Global Asia-Pacific Project Mining & Metals Deal of the Year
- 2015 IJ Global Asia Pacific Deal of the Year
- 2014 FinanceAsia Magazine Project Finance Deal of the Year Award
- 2014 Finance International Magazine Asia Pacific Deal of the Year
- 2012 Diggers and Dealers Deal of the Year Award