FMG enters WA gas policy debate

FORTESCUE Metals Group, backed up by a report from Deloitte Access Economics, has called for the Western Australian government to pursue “use it or lose it” licence provisions to ultimately lower gas prices, create up to 2100 extra jobs and lift gross state product by $A2.5 billion.

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The iron ore miner's interest in gas policy is courtesy of its plans to switch from diesel-fired power to gas-fired power across its Pilbara operations to save an estimated $20 million a year.