Tag: Fortescue Metals Group

Fortescue Metals Group (ASX: FMG) has signed a six-year contract with Dyno Nobel to use its DIFFERENTIAL ENERGY™ blasting technology at Iron Bridge in Pilbara, WA. The performance-based contract, which began last month, will see Dyno Nobel, a business of Incitec Pivot Limited (ASX: IPL), provide 25,000tpa of DIFFERENTIAL ENERGY emulsion for use at magnetite project by mid-decade. Dyno Nobel Asia Pacific President Greg Hayne welcomes the contract win, which builds on the company’s existing relationship with Fortescue in the Pilbara region. “Customers are increasingly coming to appreciate how DIFFERENTIAL ENERGY can reduce downstream capital and processing costs, whilst improving productivity and reducing emissions from blasting,” he said. In 2019, Fortescue operations managers visited Dyno Nobel’s operations in the Iron...

Mines withstand Damien CLEAN-UP operations are underway in the Pilbara after the category 4 Cyclone Damien made its presence felt across the region on February 7. Ports servicing Roy Hill, Rio Tinto, and FMG Iron Ore operations at Dampier and Ashburton went into cyclone preparation mode and shut as the cyclone passed, with the port at Port Hedland remaining closed for 25 hours. Roy Hill and FMG mines received the least of the storm, with Rio Tinto’s port, rail and mine network situated in the direct path of the storm. A report from the company said that it is supporting recovery efforts alongside DFES. Further disruptions were hoped to be avoided as heavy rain continued to fall. The towns of...

IN a landmark agreement with Alinta Energy, Fortescue Metals Group (FMG) has announced that up to 100pc of daytime stationary energy requirements at Chichester Hub iron ore operations will be powered by renewable energy. Remaining power requirements will be met through integrated battery storage and gas power station facilities. The Chichester Solar Gas Hybrid project will see the construction of a 60MW solar photovoltaic generation facility at the Chichester Hub (comprising FMG’s Christmas Creek and Cloudbreak mining operations), along with a 60km transmission line linking the mining operations with Alinta Energy’s Newman gas-fired power station plus a 35MW battery facility. Fortescue chief executive officer Elizabeth Gaines said that reliable and competitive energy generation remained an important consideration for the mining...

LEADING individuals and organisations of Australian resources and energy industries were celebrated in Melbourne in early August. Presented at the gala dinner of resources and energy group AMMA, the awards celebrated leadership, innovation and excellence in the sector. The event is the industry’s annual workforce celebration which puts the spotlight on the sector’s high-achievers, in front of industry leaders and peers. AMMA chief executive Steve Knott praised the high level of award winners across five categories covering key workforce-related areas of the industry. He said the initiatives and programs implemented by resources and energy employers reinforced Australia’s standing as a global leader in key workforce areas. “These are the people and organisations driving our industry to ensure a brighter future...

FMG’s West Pilbara Fines product at its Pilbara operations.   BY ELIZABETH FABRI   FORTESCUE Metals Group (FMG) has waved off its first shipment of higher grade 60.1 per cent West Pilbara Fines iron ore to customers in China.   The maiden shipment left Herb Elliott Port in Port Hedland on 17 December and was bound for Hunan Valin Steel Co. The new product is a higher iron, low alumina ore blended from its Firetail mine and the western pits at its Cloudbreak mine in the Pilbara. FMG said it planned to ship between 5 and 10 million tonnes of the WPF product in FY19, which will grow to 40mtpa once its Eliwana mine enters production in December 2020. At...

BY CAMERON DRUMMOND   CHINESE steel exports to global markets is increasingly volatile as it tackles industry reforms to decrease pollution in a period of slowing domestic demand.   The world’s largest steelmaking nation is reporting an increase in steel stockpiles due to sluggish demand, which has led to decreased demand for raw steelmaking materials and a drop in iron ore prices. Steel exports are down 30.5 per cent in 2018 compared with the same period last year. According to data from Steelhome Consultancy, rebar inventories held by Chinese traders rose to 9.79mt during March, the highest since April 2013. The looming possibility of a trade war between China and the US has also reduced confidence in the steel and...