Fortescue Metals Group said July 24 it is about to start iron ore shipments from its newly built Iron Bridge operations in the Pilbara, Western Australia.
A first shipment to Vietnam will mark the first time the mining company has exported a high-grade magnetite product, it said in a statement.
FMG reported May 1 that Iron Bridge had started production with a first run grade of iron content greater than 68% Fe. Iron Bridge produces a wet concentrate product, which is
transported to Port Hedland through a 135-km specialist slurry pipeline where dewatering and materials handling occurs to create a high grade magnetite product.
Iron Bridge is slated to produce 22 million mt/year of high grade 67% Fe magnetite concentrate product. Fiona Hick FMG CEO said she considers Iron Bridge — whose products should contribute to steel industry decarbonization efforts — a “game-changer” for the company.
“High grade magnetite product will play an important role in lowering emissions in the steel industry, and Fortescue is moving at pace to ensure we are at the forefront of developing green steel technologies,” Hick said.
Iron Bridge, representing a $3.9 billion investment, is a joint venture between FMG Magnetite Pty Ltd (69%) and Formosa Steel IB Pty Ltd (31%).
Disclaimer: this article is from the SBB STEEL MARKET DAILY, the copyright belongs to the original author, and only represents the original author's viewpoint.
|
