Business
Fortescue to slow Iron Bridge development – Australian Mining
Fortescue Metals Group will continue limited project works on critical path items on the Iron Bridge magnetite project during the next 12 weeks, following a review…
The Iron Bridge magnetite project. Image: Fortescue Metals Group.
Fortescue Metals Group will continue limited project works on critical path items at the Iron Bridge magnetite project during the next 12 weeks following a review of the projects finances.
The review indicated a revised preliminary capital estimate of $US3 billion ($3.8 billion), topping its original $US2.6 billion budget.
Further technical and commercial assessments are underway and are expected to be completed in 12 weeks.
The assessments…
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