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An artist's impression of the port component for the 16.5 million tonne per year iron ore operation at Roy Hill.

Marubeni, POSCO increase Roy Hill stake for $3.2bn

A consortium featuring Japan’s Marubeni and Korea’s POSCO has confirmed it will take a 30 per cent equity stake in Hancock Prospecting’s Roy Hill iron ore project in the Pilbara, in a deal that values the project at more than $12.8 billion.

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