Fortescue Metals Group
 |
|
| Public | |
| Traded as |
ASX: FMG OTCQX: |
| Industry | Mining |
| Founded | 2003 |
| Headquarters | East Perth, Western Australia |
|
Key people
|
Nev Power (CEO) |
| Products | Iron ore, Steel |
| Revenue | $8,120,000,000 (2013) |
| $1,746,000,000 (2013) | |
|
Number of employees
|
2,500 |
| Website | www.fmgl.com.au |
Nev Power (CEO)
Andrew Forrest (Chairman)
Fortescue Metals Group Ltd is an Australian iron ore company. Fortescue is the fourth largest Iron ore producer in the world as of March 2011. The company has holdings of more than 87,000 km² in the Pilbara region of Western Australia making it the largest tenement holder in the state, larger than both BHP Billiton and Rio Tinto.
The group has two main areas of operation located within the Pilbara region of Western Australia; the Chichester Hub and Solomon Hub. Plans to develop a third, Western Hub are currently in developmental stage.
Located in the heart of the Pilbara, the Chichester Hub is made up of Fortescue’s flagship minesite Cloudbreak and the second minesite Christmas Creek. The total Chichester Hub produces 90 million tonnes per annum (mtpa) of iron ore plus an additional five mtpa from a joint venture with BC Iron.
Fortescue’s first minesite Cloudbreak currently mines 40 million tonnes of iron ore a year. The horizontal nature of the deposits at Cloudbreak called for a new mining approach to those used at other mines which operate on vertical deposits of ore. Overburden removal is done using conventional blast, truck and shovel methods while specially designed surface miners cut and load the ore into trucks for transport to the run of mine stockpiles. Screening, crushing and desand plants at the Cloudbreak ore processing facility prepare and refine the product before the ore is stockpiled ahead of transport to port. The train loadout facility at Cloudbreak is capable of feeding 16,000 tonnes of ore per hour on the 2.7 kilometre long trains ready for the journey along the 256 kilometre heavy haul railway to the facilities at Herb Elliott Port.
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Wikipedia