Hancock to begin first iron ore shipment from $10bn Roy Hill project in Australia

30 November 2015 (Last Updated November 30th, 2015 18:30)

Hancock Prospecting is set to start shipping its first iron ore load from its $10bn Roy Hill project in the Chichester Range in the Pilbara region of Western Australia.

Roy Hill

Hancock Prospecting is set to start shipping its first iron ore load from its $10bn Roy Hill project in the Chichester Range in the Pilbara region of Western Australia.

Iron ore loading into tanker MV Anangel Explorer has started at the Roy Hill Wharf in Port Hedland.

Hancock Prospecting chairman Gina Rinehart said: "This is a truly fantastic occasion as we received the first vessel alongside the Roy Hill wharf and the first of our consistent product is loaded for our partners in Asia."

Roy Hill has previously targeted to ship its first ore by 30 September.

Roy Hill has indicated potential reserves of more than 2.4 billion tonnes, with mining operations expected to produce 55 million tonnes of iron ore per annum over a 20-year operations life.

"Mining operations are expected to produce 55 million tonnes of iron ore per annum."

Hancock Prospecting owns a majority stake in the project with a 70% interest.

The remaining 30% stake is held by a consortia comprising Posco (12.5%), Marubeni (15%), and China Steel (2.5%).

In September 2015, Lynxrail was selected to install its Automated Train Examiner (ATEx) technology on the Roy Hill iron ore mining project's 344km standard gauge, single line, heavy-haul rail line.

The railway line will transport 55Mtpa of iron ore from the Roy Hill Mine to the Port stockyard facility, in the Boodarie Industrial Estate south of Port Hedland.


Image: Roy Hill has indicated the site has reserves of more than 2.4 billion tonnes. Photo: courtesy of Roy Hill.