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 Rinehart's debt-free Roy Hill starts paying dividends Rinehart's debt-free Roy Hill starts paying dividends Rinehart's debt-free Roy Hill starts paying dividends Rinehart's debt-free Roy Hill starts paying dividends

The iron ore mine has been exporting for seven years

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.

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