CAPITAL MARKETS

Rinehart's debt-free Roy Hill starts paying dividends

ROY Hill Holdings reaped the benefits of booming iron ore prices for the year ending June 30, delivering a 100% boost in profits for Gina Rinehart's main cash cow, after Roy Hill cleared US$7.2 billion of debt from its books.

Rinehart's debt-free Roy Hill starts paying dividends

Roy Hill's profits jumped from A$2.2 billion for the 2020 financial year to $4.4 billion, from total cashflows of $5.6 billion.   The company's namesake Roy Hill operation in Western Australia's Pilbara...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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