Roy Hill, an Australian iron ore mining project, is planning to employ up to 600 workers in the coming 18 months.
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The company’s owner and executive chairman Gina Rinehart’s Hancock Prospecting holds a 70% interest in this project, which is estimated to hold nearly 2.4 billion tonnes of reserves.
Roy Hill chief executive Barry Fitzgerald has announced the plan of workforce expansion and also claimed that the company is looking to revamp its Pilbara mining operations.
The company currently employs around 1,300 people, which includes its Pilbara port, rail and mine operations.
Fitzgerald was quoted by The West Australian as saying: “The state of play for us is that we commenced in the north of our deposit, where the ore is closer to the surface. As we ramp up production to 55 million tonnes a year we will move further into the ore body and the strip ratio will increase and we will need to move more tonnes.
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By GlobalData“So we’ve probably got another 500-600 people to recruit as we move to full rate.”
Earlier, the project scheduled 30 December as the target to start its 55 million tonne per year run.
Though it may not reach its target, Fitzgerald expressed his satisfaction on the advancement of the process.
According to a report submitted to the corporate supervisor by the company in October, it stated that Roy Hill has started commercial production from early September.
Apart from Hancock Prospecting, Japan’s Marubeni (15%), Korea’s Posco (12.5%) and China Steel Corporation (2.5%) holds the remaining interest in the property, reported theaustralian.com.au.
Image: Mining at Roy Hill. Photo: Courtesy of Roy Hill
