22
Mar
07:16
Fortescue advances Iron Bridge magnetite project
Australian miner Fortescue Metals Group (FMG) has said it will advance its final decision on the development of Iron Bridge magnetite project. The project is jointly invested by FMG, Taiwan's Formosa Group and China's Baosteel, Kallanish notes.
The mine is about 100 kilometres from Port Hedland in western Australia, with reserves of 5.2-5.5 billion tonnes, public information shows. At the initial stage of the project's operation, …
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