View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
June 29, 2010

POSCO and Hancock Prospecting JV to Build Australian Railway

Roy Holdings, a joint venture between POSCO and Hancock Prospecting, will construct a railway in Western Australia following approval by the state government. The 300km railway, worth A$7.2bn ($6.13bn), will link the Roy Hill iron ore project to Port Hedland. Hancock owns 95%

By cms admin

Roy Holdings, a joint venture between POSCO and Hancock Prospecting, will construct a railway in Western Australia following approval by the state government.

The 300km railway, worth A$7.2bn ($6.13bn), will link the Roy Hill iron ore project to Port Hedland.

Hancock owns 95% of the joint venture while POSCO holds 3.75%, according to af.reuters.com.

Hancock Prospecting is an Australia-based mining company and South Korean-based POSCO is the world’s second-largest steel maker.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The railway industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Railway Technology