Roy Hill close to achieving lender’s target

Original article by Brad Thompson
The Australian Financial Review – Page: 19 : 5-Oct-17

Roy Hill Holdings CEO Barry Fitzgerald says the company’s iron ore project reached its full capacity of 55 million tonnes a year in September. He adds that the mine is on track to meet its 90-day lender’s completion requirements by late 2017. He has downplayed concerns about the Roy Hill mine’s ore grades and purity levels, noting that some initial problems have been overcome. Fitzgerald has also indicated that Roy Hill could introduce driverless trains and autonomous drilling technology to achieve further efficiency gains.

CORPORATES
ROY HILL HOLDINGS PTY LTD, WESTERN AUSTRALIAN MINING CLUB

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