Fortescue out to lick WA magnetite demons

FORTESCUE'S US$2.6 billion Iron Bridge magnetite joint venture is bigger and less capital intensive than expected, and it will enhance the existing iron ore business by enabling an increase in average product grades to 60% for more than half of annual sales, writes Barry FitzGerald.

Fortescue out to lick WA magnetite demons Fortescue out to lick WA magnetite demons Fortescue out to lick WA magnetite demons Fortescue out to lick WA magnetite demons Fortescue out to lick WA magnetite demons

Iron Bridge

But the still struggling Western Australian magnetite projects that have come before it - Sino Iron near Cape Preston in the Pilbara and Ansteel's Karara magnetite project in the Mid West - serve as a