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

Published 04/11/2016, 05:31 pm
Updated 04/11/2016, 05:40 pm
Marubeni CFO: Roy Hill mine to reach full operations in Jan-March

TOKYO, Nov 4 (Reuters) - Japanese trading house Marubeni Corp 8002.T 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 005490.KS and Taiwan's China Steel Corp 2002.TW , 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. Hill has capacity to produce and ship 55 million tonnes of high grade iron ore annually.

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