FMG approves US$2.6 billion Iron Bridge project

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.

FMG approves US$2.6 billion Iron Bridge project FMG approves US$2.6 billion Iron Bridge project FMG approves US$2.6 billion Iron Bridge project FMG approves US$2.6 billion Iron Bridge project FMG approves US$2.6 billion Iron Bridge project

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.