WebFMG maintained its FY21 guidance of shipments of 175-180mt (vs MorgE 178mt), C1 cash costs of US$13-$13.5/wmt (vs MorgE US$13/wmt) and capex of US$3.0-$3.4bn (vs MorgE US$3.1bn). There is pressure on FMG’s opex and capex guidance however, which are based on an AUD of $0.70, from ongoing Australian dollar strength. WebMay 28, 2024 · Fortescue said it now expects Iron Bridge to cost $US3.3bn to $US3.5bn to complete, up from a $US3bn estimate in February and an original cost of $US2.6bn when it was ...
Iron Bridge cost grows to US$3 billion - MiningMonthly.com
WebFeb 18, 2024 · Iron Bridge cost grows to US$3 billion A DETAILED review has found the cost blowout at the Iron Bridge magnetite project being built by Fortescue Metals Group, to be US$400 (A$516) million, adding 15% to the project’s original US$2.6 billion estimate. The cost estimate for the Iron Bridge project has blown out 15% to US$3 billion. WebSep 1, 2024 · Fortescue is pumping serious dough into the Iron Bridge magnetite project 145km south of Port Hedland, which FMG is pushing on with despite a US$1billion blowout to a capex of US$3.3-3.5 billion. flags for heroes clayton nc
Fortescue Metals Group review says Iron Bridge blowout could …
WebApr 28, 2024 · PERTH (miningweekly.com) – Iron-ore major Fortescue Metals has flagged another cost blowout and production start delay at its Iron Bridge magnetite project, in … WebMay 28, 2024 · Fortescue Metals (FMG) has completed the long-awaited assessment of its Iron Bridge Magnetite Project, which is due to begin production by December next year. The 12-week technical and commercial evaluation began in February with the aim of validating the project’s capital cost and schedule, resetting its contractor strategy, de … WebMay 31, 2024 · Andrew Forrest’s Fortescue Metals Group (ASX: FMG) appears to be pushing ahead with the 22Mtpa Iron Bridge magnetite mine, despite on Friday reporting … flagsforgood.com