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FMG's multi-billion Iron Bridge to proceed

FORTESCUE Metals Group and partners Baosteel and Formosa Steel have decided to press the button on the US$2.6 billion expansion of the dormant Iron Bridge project in Western Australia's north, starting development of Australia's largest magnetite resource after a decade of sweating the asset.

Haydn Black
Iron Bridge stage one.

Iron Bridge stage one.

Iron Bridge, which some may have thought was rusting away in the Pilbara scrub, was subject to a deal with Formosa on some jaw-dropping terms in 2013, with the Taiwanese corporation funding the bulk of...

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