Fortescue looks to upgrade Port Hedland

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.

 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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