18
Aug
12:46
FMG boosts Western Hub reserves
Australia’s FMG has updated its listed iron ore reserves and the clear winner is the Western Hub. The miner recently applied for environmental approvals to develop the Eliwana deposit at the Western Hub. FMG has signaled that it will play a key role in maintaining output as Firetail approaches the end of its life, Kallanish notes.
FMG had a choice between Eliwana and Nyidinghu, which was on paper much larger with 2.463 billion tonnes of reserves …
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