Dry CargoPorts and Logistics
Fortescue looks to upgrade Port Hedland
Fortescue Metals Group has applied to build a port facility at Port Hedland to move 10m tonnes a year of magnetite ore, a high-grade steelmaking ingredient.
Construction, which includes a stockyard, is scheduled to start next year. First exports could be as early as April 2017.
The move is part of FMG’s Iron Bridge joint venture with China’s Baosteel and Taiwan’s Formosa, split 61%, 8% and 31% respectively.