Original article by Paul Garvey
The Australian – Page: 24 : 11-Nov-16

Hancock Prospecting has revealed that its revenue fell from more than $A2bn in 2014-15 to $A1.72bn in 2015-16, while its net profit from operations was 33 per cent lower at $A443m. Hancock Prospecting has attributed the revenue and earnings deficit to a fall in the iron ore prices during the financial year. The group also notes that construction of the Roy Hill iron project resulted in its total debt rising to $A8.9bn.

CORPORATES
HANCOCK PROSPECTING PTY LTD, ROY HILL IRON ORE PTY LTD, RIO TINTO LIMITED – ASX RIO, HOPE DOWNS IRON ORE PTY LTD