Project Update from Fortescue - see our video!

Since loading its first iron ore shipment bound for China in May 2008, Fortescue Metals Group has become the third largest iron ore producer in Australia and is still growing.  Fortescue has an enviable record of rapidly bringing new projects online and is continuing to unlock the significant potential of the Pilbara’s vast resources. Fortescue is an integrated business comprising of mine, rail and port operations based in the Pilbara region of Western Australia, with our head office located in Perth.

In the Chichester Hub, our first minesite at Cloudbreak is now producing at a rate of 40 million tonnes per annum (Mtpa). The operations at our second minesite Christmas Creek are currently expanding with a new ore processing facility under construction as well as a rail loop to connect the site with Fortescue’s existing rail and port supply chain.

At the Solomon Hub, prefeasibility work is continuing. More than 2.86 billion tonnes of resource has already been delineated and plans for Solomon include two stages. Stage one of Solomon is planned for a production target of 60Mtpa transported along a 130 kilometre rail spur linking to Fortescue’s supply chain through to Port Hedland.

The feasibility study for Solomon Stage two is based on targeted production of 100Mtpa. Both stages of Solomon are subject to Board approval.

Click here to see our video update: http://www.fmgl.com.au/IRM/content/images/media/solomon.html