SURFACE

FMG hits 1Bt shipped mark

JUST days away from the 10th anniversary of First Ore on Ship, Fortescue Metals Group has celebrated the loading of its 1 billionth tonne.

 The 1 billionth tonne being loaded onto the FMG Sophia.

The 1 billionth tonne being loaded onto the FMG Sophia.

On April 27 Lyn Choice, the shiploader operator who put that very first tonne onto a ship in 2005, gave the order to start the loader rolling.

The 1 billionth tonne was loaded, appropriately enough onto the FMG Sophia, one of the ore carriers FMG has had built.

Just as the first shipment went to Baosteel's Majishan Port, the Sophia is also China bound.

FMG chairman Andrew Forrest said in 10 years FMG had achieved what many people thought was impossible: to build a company from a start-up to a major player in the iron ore space.

"A decade ago, when we shipped our first 180,000 tonnes of ore to China, I said it was a

phenomenal achievement of sheer hard work, of guts and grind over scepticism, of character

over doubt," Forrest said.

"The same can be said today as we reach 1 billion tonnes of ore shipped."

FMG CEO Elizabeth Gaines said since Fortescue was founded it had invested more than US$22 billion in its world class infrastructure and assets.

"We have paid corporate tax of more than A$3 billion and royalties to the state of more than $4.5 billion."

"Significantly, we have also awarded A$2 billion in contracts to Aboriginal businesses and joint ventures, and nearly 800 Aboriginal people have commenced employment with Fortescue through our Vocational Training and Employment Centre program."

"I would like to thank the Fortescue team, including our contractors and suppliers. One billion tonnes of ore shipped in only a decade is a testament to everyone's hard work, dedication and innovation.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.