Waratah Coal announced that it has engaged energy and resources engineering company Worley Parsons as lead consultant and project manager for its proposed A$5.3B mine, rail and port development in Central Queensland, Australia. Waratah Coal President and CEO Peter Lynch said “we are glad to have secured the services of such a highly regarded and [...]
It’s taken almost four years and $3 billion, but Australia’s wealthiest individual Andrew “Twiggy” Forrest is about to turn his iron ore dream into reality.
The first commercial export shipment of his Fortescue Metals Group Ltd is due to commence loading on Thursday at Port Hedland in Western Australia’s remote Pilbara region.
The iron ore is from [...]
Russia-based Rusal, which already owns a 20 per cent stake in Gladstone’s Queensland Alumina (QAL), is actively investigating establishing a refinery and smelter in the state as part of its stated expansion plans.
It comes as Russian companies actively increase their presence in Australia, Russian steel giant Magnitogorsk Iron and Steel Works notifying the Federal Government [...]
Fortescue Metals Group provided Pilbara Iron Ore and Infrastructure Project monthly construction report, reporting that first ore on ship remains scheduled for mid May 2008. During May, it continued good construction progress at both port and mine sites with dredging now completed and total port construction has advanced beyond 50% complete and is ahead of [...]
Australian iron ore prospector Fortescue Metals Group Ltd. said on Thursday it had revamped a supply agreement with Chinese steelmaker Tangshan Iron and Steel Group that increases volumes.
Tangshan, which had already agreed to take up to 5 million tonnes of ore a year from Fortescue’s western Australian mines, has committed to purchase up to a [...]
“In terms of its economic and geopolitical impact, what is happening in Asia today is probably most akin to the Industrial Revolution, when the world’s leading economies replaced manual labor with mass-scale manufacture of machinery, railways began to criss-cross the continents, the steam engine revolutionized the world, and later, skyscrapers first poked at the skies. [...]
Baosteel Group, China’s largest steelmaker, and a rival, Wuhan Iron & Steel Group, are seeking to invest in iron ore projects in Australia to secure supplies to meet rising demand.
“We are looking closely at potential iron ore projects,” Zhang Yong, Baosteel’s Australian investment manager, said in an interview before a mining conference that started Tuesday [...]
WA will get a new deep water port in the Pilbara within 10 years to cater for the booming iron ore industry but the Government’s first choice of location came under fire when it was announced by Planning and Infrastructure Minister Alannah MacTiernan yesterday.
Ms MacTiernan said the greenfields site at Ronsard Island, 80km west of [...]
Western Australia’s iron ore boom is set to roll on, with fresh predictions that prices will rise again next year as yet another international steel producer joins the rush for WA iron ore assets ahead of a State visit by officials from one of Russia’s biggest iron and steel groups.
Addressing shareholders of African iron [...]
Iron ore aspirant Fortescue Metals Group has passed another milestone in the development of its $2 billion Pilbara iron ore project, securing environmental approval for the mine.
The federal government has given the approval for the Perth-based company to develop the Cloud Break deposit at the project.
Earlier this week Fortescue secured a $US400 million ($A534.01 million) [...]
