Key facts
- Hancock plans to reduce production at its Roy Hill iron ore mine in Western Australia.
- The move is intended to extend the mine's lifespan by a decade.
- Production will be maintained at over 63 million tonnes per year.
- Hancock Iron Ore will process an additional 8 million tonnes per year from the McPhee Creek mine.
Australian producer Hancock plans to cut back production at its Roy Hill iron ore mine in Western Australia's Pilbara region, in a move to extend the mine's lifespan by a decade, the firm said on 17 June.
Mining activity would be reduced at Roy Hill mine, but it would maintain a production rate of over 63 million tonnes per year, the company said.