Iron Bridge taking FMG in a new mining direction
Located in WA’s world class Pilbara mining region, the Iron Bridge Project is a joint venture between Fortescue Metals Group (ASX: FMG) subsidiary FMG Magnetite and Formosa Steel IB, that will deliver high grade 67% Fe magnetite concentrate product. Iron Bridge signifies Fortescue’s entry into the high-grade segment of the iron ore market, providing an enhanced product range while also increasing annual production and shipping capacity. In May, Fortescue successfully made its first magnetite product, remarkably at first run grade of greater than 68% Fe. The Australian Mining Review recently caught up with Fortescue Metals chief executive Dino Otranto for his first-hand view of the project and the achievements obtained at the project to date. “Iron Bridge builds on Fortescue’s…