FMG: The road ahead
All images: FMG. BY ELIZABETH FABRI IT’S all systems go for Fortescue Metals Group (FMG). After launching its higher grade West Pilbara Fines iron ore in December, the miner is now gearing up to begin construction at Eliwana – the third new iron ore project green lit for WA’s Pilbara region. The shipment of a higher grade West Pilbara Fines (WPF) product in December was the beginning of a new chapter for iron ore giant FMG. Up until now, FMG was best known for its 58 per cent iron ore mined from its Chichester and Solomon Hubs. But, over the last 12 months FMG grappled with wide discounts for this lower grade product, as Chinese steel mills appetite...