https://www.miningweekly.com

Hancock profits soar to A$4bn

4th November 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Iron-ore miner Hancock Prospecting has reported a A$4-billion net profit after tax for the full 2020 financial year, up from the A$2.6-billion reported in 2019.

The miner this week revealed that revenue from iron-ore sales increased to A$10.5-billion in the 2020 financial year, up from A$8.4-billion.

The Roy Hill iron-ore project, in the Pilbara, reached a production rate of more than 60-million tonnes a year equivalent for the fourth quarter of the financial year, boosted by the introduction of a new wet high intensity magnetic separation plant, which has the capacity to recover over four-million tonnes a year of iron-ore previously reported to waste.

To watch Creamer Media's latest video reports, click here
 

Edited by Creamer Media Reporter

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION