News Wrap

IN THIS morning’s News Wrap: Fortescue Metals’ Iron Bridge project hit by cost blowouts; US insurance giant faces backlash over Queensland coal mine; and NZ power discount keeps Rio Tinto’s Tiwai Point smelter alive.

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Fortescue Metals’ Iron Bridge project hit by cost blowouts.

Fortescue Metals' Iron Bridge project hit by cost blowouts

Fortescue Metals is facing the prospect of a major blowout at its Iron Bridge magnetite project in Western Australia, as escalating costs