Roy Hill

Roy Hill is an iron ore mining project in the Chichester Range in the Pilbara region of Western Australia, located north of Newman and south of Port Hedland. With indicated and inferred reserves of more than 2.4 billion tonnes, it is set to become one of the largest mining projects in Australia. Mining operations will produce 55 million tones 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 16.5Mtpa of iron ore at full production.Mine developmentProject work commenced in mid-2011 and so far major dredging work of the harbour at South West Creek, within Port Hedland's inner harbour has been completed. Dredging will entail the removal of 7.5 million m3 of material to a depth of below the low tide mark, and the construction of two new shipping berths: Stanley 1 and Stanley 2.Construction of the Ginbata Airport at the mine site and internal mine roads have also been completed, as has clearing of the centre line for the railway. Ginbata Airport is capable of handling 737 aircraft and will be the hub for transporting the fly in, fly out workforce.