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FORTESCUE Metals Group has green lit its US$2.6 billion(A$3.7) billion, 22 million wet metric tonne per annum magnetite project Iron Bridge.
The Iron Bridge flow sheet.
The project, a joint venture between Formosa Steel and FMG subsidiary FMG Magnetite - itself a joint venture between FMG and Baosteel - is located 145km south of Port Hedland.
Review finds 15% blowout to project's original US$2.6 billion estimate.
ABB getting drives into Iron Bridge
