Aug 21, 2015 the iron bridge magnetite project is an unincorporated joint venture ujv between 69% fmg iron bridge limited an 88% owned subsidiary of fortescue and 12% baosteel and 31% formosa steel ib pty ltd a 100% owned entity of formosa plastics group. Fortescue says it will go ahead with its iron bridge magnetite project in western australia that will help it deliver a high grade iron product from 2022. Nrw holdings wins bulk earthworks assignment from iron bridge. Fortescue is the fourth largest iron ore producer in the world after bhp billiton, rio tinto, and vale. The company is now progressing towards the development of stage 2 of the iron bridge magnetite project, an unincorporated joint venture ujv between fmg iron bridge ltd 69% and formosa 31%. Global iron ore miner, fortescue metals group is having a successful track record of developing and operating major iron ore projects in the pilbara. Champion iron ltd is the largest emerging global producer of highgrade iron ore. Fortescue ore reserves and mineral resources update public. Yours sincerely fortescue metals group ltd ian wells company secretary media contacts. Now, a major conservation project will see the different elements of the bridge the iron radials and braces holding the bridge together, the deck plates and wedges, the main iron arch, and the. Solomon hub iron ore mine mining technology mining news. Iron bridge work cant start soon enough shropshire star. View keith balharries profile on linkedin, the worlds largest professional community. Outotec gets major higmill order for iron bridge magnetite.
Iron bridge general store and cafe, blue ridge, georgia. Infill resource drilling at the north bridge project deposits, including north star, eastern limb and glacier valley, have resulted in resource category upgrades. Stage 2 of the iron bridge project remains subject to successful stage 1 process validation and approval by the joint venture partners. Keith balharrie completions manager fortescue metals.
Fortescue metals group is a global leader in the iron ore industry, recognised for its culture, innovation and industryleading development of world class infrastructure and mining assets in the pilbara, western australia. Fmg magnetite pty ltd is a subsidiary of fmg ib, a hong kong registered company owned by. Stage one of the project is projected to take one year, with first production of 1. The asx groups activities span primary and secondary market services, including capital formation and hedging, trading and price discovery australian securities exchange central counter party risk transfer asx clearing corporation. As published in ck momentum issue 1 click here to download in october 20, the formosa plastics group of taiwan and fortescue metals group limited established the iron bridge joint venture to develop the fmg iron bridge iron ore project, a 5.
Iron bridge project an exciting investment for gorge. The project is located 100km south of port hedland and has a jorc compliant resource of 5. Fmg looks for magnetite iron ore upside with iron bridge investment. Fortescue hails plan for wa magnetite mine sbs news. The project also includes a borefield in the canning basin and a slurry pipeline to transport the ore product to port hedland for export. Fortescue metals group ltd often referred to as fmg is an australian iron ore company.
Fortescue metals group iron bridge jv project in western. Intellect systems pty ltd is a perth based subsidiary of asx listed resource. Aussie regulator greenlights fortescue iron ore project. Mr kirke is responsible for fortescues major iron ore development projects including the eliwana mine and rail and the iron bridge magnetite project. Fmg iron bridge is developing the iron bridge project 100 km south of port hedland in western australia. Fortescue metals group ltd is an australian iron ore company. About fortescue metals group asx fmg fortescue metals group ltd asx fmg is a leading iron ore company in australia and the fourth largest iron ore producer in the world the operations of fortescue metals span across the entire country and include mines like chichester hub, solomon hub, hedland operations, eliwana mines, and the iron bridge magnetite project. At iron bridge, we built our platform and solutions from the ground up to simplify complex healthcare technology issues. The iron bridge is a cast iron arch bridge that crosses the river severn in shropshire, england. Fortescue metals group fmg plans to ship its first cargo of the highgrade iron ore concentrate product from its iron bridge magnetite project in western australia by mid2022. Ibo is a joint venture between fortescue metals group subsidiary fmg magnetite pty ltd and formosa steel ib. Fortescue metals group iron bridge jv project in western australia. Fmg ponders iron bridge premium the west australian.
Fmg looks for magnetite iron ore upside with iron bridge. Fortescue reports major investment in iron bridge project. Mr lilleyman said the pilot project had helped the company understand the ore body, its properties and metallurgy to help manage the technical risk of a bigger commercial operation. Fmg to ship 67% fe concentrate from iron bridge by h1 2022. Fmg update on iron bridge magnetite mineral resources. Fortescue metals groups solomon hub iron ore mine is located in tom price of western australia.
Stage 2 of the iron bridge project remains subject to successful stage 1 process validation and approval by the joint. Nrw holdings is about to mobilise a team to carry out bulk earthworks at fortescue metals majorityowned iron bridge magnetite project in. Iron bridge general store and cafe in blue ridge, ga is now open having great hot food friday and saturdays open until 7pm. Epa consultation hub open for public comment search proposals find a proposal referred to the epa search schemes find a scheme or scheme amendment ministerial statements find a ministerial statement. We apply the latest trends in technology to advance healthcare information exchange.
Outotec has been awarded an order by iron bridge operations ibo for the delivery of outotec higmill high intensity grinding mills and services for the iron bridge magnetite project in australia. Fortescue metals group ltd subsidiary fmg magnetite pty ltd and joint venture partner formosa steel ib pty ltd have approved the development of stage 2 of the iron bridge magnetite project. Brad bowles group manager commercial iron ore operations. Fortescue metals group ltd fmg about fmg shareprices. Iron bridge providing technology solutions for healthcare. Its success inspired the widespread use of cast iron as a structural material, and today the bridge is celebrated as a symbol of the industrial revolution. The eliwana mine is part of fortescues strategy to move to a 60 per cent iron grade product. The ore processing facilities at the firetail and kings deposits have a combined processing. Real estate value 1 as part of its underwriting process, iron bridge prepares an estimated afterrepair valuation of the real estate collateral for each loan. Epa consultation hub open for public comment search proposals. Fsugy has greenlit the second stage of the iron bridge magnetite project in western australia, which is.
Opened in 1781, it was the first major bridge in the world to be made of cast iron. Michael is cofounder of w resources plc and has an exceptional track record in establishing and financing resources companies. Bridge project is compatible with windows xpvista7810 environment, 32bit version. Encompassing the two deposits, the fmg iron bridge project is underpinned by a combined iron ore resource of 5. Aussie regulator greenlights fortescue iron ore project law360. The afterrepair value assumes that all planned capital improvements to the real estate collateral have been completed and that the company has disbursed all construction loan proceeds, and represents iron bridges estimate of. Iron bridge consulting has experience managing every phase of a project. The iron bridge project is owned through an unincorporated joint venture ujv between fmg.
The company has holdings of more than 87,000 km 2 in the pilbara region of western australia, making it the largest tenement holder in the state, larger than both bhp billiton and rio tinto. The resurgence of the ironore price has seen billions of. Fmg iron bridge is jointly owned by fortescue 88% and a. Fmg lodged applications for three mining leases in the solomon hub area in. The iron bridge magnetite project is an unincorporated joint venture ujv between 69% fmg iron bridge limited an 88% owned subsidiary of fortescue and 12% baosteel and 31% formosa steel ib pty ltd a 100% owned entity of formosa plastics group. Is the fortescue metals dividend yield worth buying at 7. Fmg iron bridge ltd is owned by fortesuce 88% and chinas boasteel resources international 12%. Fmg presents quarterly production results for march 2019.
Aug 16, 20 formosa plastics group has agreed to invest us1. The project is located 145km south of port hedland and owned through an unincorporated joint venture ujv between fmg iron bridge ltd fmg ib 69 per cent and formosa 31 per cent. The project is located 145km south of port hedland and owned through an unincorporated joint venture ujv between fmg iron bridge ltd. He is also responsible for the feasibility studies for all future iron ore projects, ensuring the long term sustainability of. The project is based on the north star and glacier valley iron ore deposits, which have combined iron ore resources of 5. Bc iron is a much smaller mining company with iron ore deposits at nullagine. Fsugy subsidiary fmg magnetite has approved the development of stage 2 of the iron bridge magnetite project with jointventure partner formosa steel ib. The project is expected create 1900 construction jobs and 500 permanent fulltime positions with production expected to commence in 2020. Aug 01, 2017 now, a major conservation project will see the different elements of the bridge the iron radials and braces holding the bridge together, the deck plates and wedges, the main iron arch, and the. Stage 2 of the iron bridge project remains subject to successful stage 1 process. Fmg update on iron bridge magnetite mineral resources fortescue metal group has presented an update to the ore reserves and mineral resources statement for its magnetite properties at 2 april 2019. Fmg iron bridge is jointly owned by fortescue 88% and a subsidiary of chinas shanghai baosteel group corporation 12%. Iron bridge, also commonly called north star north star and glacier valley are the names of the ore bodies, is 110 kilometres south of port hedland, and 45 kilometres east of the great northern highway, roughly on the same latitude as the wodgina tantalite mine. Iron bridge project project engineer at fortescue metals group.
Bridge brochure updated with 8 new h2020 projects compile, coordinet, eland, gift, interrface, merlon, muse grids, react. Commercial operations at firetail deposit began in may 20. Iron bridge, also commonly called north star north star and glacier valley are the names of the ore bodies, is 110 kilometres south of port hedland, and 45 kilometres east of the great northern highway. Intellect systems pty ltd intellect, has announced that it has been awarded a contract by ib operations, a subsidiary of fortescue metals group ltd, the worlds fourth largest iron ore producer, for electrical and control systems work for stage one of the iron bridge project. Maiden resources from the newly discovered eastern limb deposit have also contributed to the overall increase in the iron bridge resources of 6 706 mt at an average grade of 31. Australian environmental regulators on monday said they greenlighted aussie mining company fortescue metals group ltd. The proponent, fmg iron bridge ltd, proposes to construct and operate the north star magnetite iron ore mine, located approximately 110km south of port hedland, wa. The firms principals remain handson during the entire project, advocating for the owner at every step. It is understood fortescue has already produced magnetite concentrate that is sitting in a stockpile at iron bridge from its 1. The project is an unincorporated joint venture between the fmg magnetite pty ltd and formosa steel ib pty ltd and is being derisked. With premium quality hematite reserves, this profitable lowcost producer is on a fast track to double production from 7.
The aim of the iron bridge magnetite project is to support the production of 22 million wet metric tonnes a year of highgrade. The west australian environment minister and federal government must still approve it. Iron bridge would clear 5,141 hectares of native vegetation. We are a healthcare information technology change agents with a passion for introducing new.
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