Marubeni’ Roy Hill mine to reach full operations in Jan-March

07 November 2016

Japanese trading house Marubeni Corp expects its Roy Hill iron ore mine in Australia to reach full operations in the January-March quarter, CFO Nobuhiro Yabe told a news conference on Friday.

The mine, jointly owned by Marubeni, Hancock Prospecting, South Korean steelmaker Posco and Taiwan’s China Steel Corp, shipped its first iron ore cargo in December last year, marking the start up of the last of the mining-boom era mega projects in the country.

Roy Hill has capacity to produce and ship 55 million tonnes of high grade iron ore annually.

Source – Reuters