Tag: magnetite

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…

BY AMY BLOM HAVING wrapped up a successful year that saw a number of milestones including the celebration of 50 years since operations began at Savage River in Tasmania and record pellet premiums, Grange Resources’ sights were now set on increased production and extending mine life. This is the year that could decide the future of the Savage River mine, according to Grange Resources general manager of operations Ben Maynard. The Savage River magnetite iron ore mine in Tasmania’s northwest, is a long-life mining asset, and is Grange’s principal operation. At Port Latta, on the northwest coast of Tasmania, Grange owns a downstream pellet plant and port facility producing more than 2 million tonnes of premium quality iron ore pellets annually.…