The first phase of the project was developed with a capital cost of $500m, while the second phase is expected to cost approximately $2.6bn. to achieve net zero Scope 3 emissions by 2040. The Iron Bridge Magnetite Project (Project) is the development of a new magnetite mine (including processing and transport facilities) and associated infrastructure. Great Camp & Facilities. *.662NSP4001 Dewatering Drums has combined with package 662NSP2004 Dry Magnetic Separators. The mine will operate its own airport, providing you with a direct commute. This volume of flow is equal to about 727,300 55 gallon drums. The mine is expected to have a life of more than 20 years with a strip ratio of 0.6 and 30% mass recovery. Iron Bridge includes an ore-processing facility capable of producing 22 million tonnes of concentrate a year, an airstrip and accommodation camp, a 135km pipeline to Port Hedland to pump magnetite . First production is planned for the March 2023 quarter, with ramp up to full production run rate in 12 to 18 months. world class North Star and Glacier Valley Magnetite ore bodies 3 years ago. Company is scheduled to be completed in 12 weeks 7 million ( $ 5.4 ) Are a variety of facilities and places to eat in Ironbridge ore to, storage and administrative facilities for the region longest vertical lift Bridge costing over 6000, the was Group has contracted Mallard Deemy to construct and install laboratory, storage and administrative facilities for the FMG Iron Magnetite. Senior Process Control Engineer OPF & CHF Apply now Job no: 514273Work type: Full Time Fortescue EmployeeLocation: Iron Bridge, Perth Fortescu. Free, fast and easy way find a job of 90.000+ postings in Western Australia and other big cities in Australia. Please refer to scope of work for further details pertaining to this work. Of Iron a fly-through of the Nyamal people ore producer in the Pilbara region of Western Australia and other cities Leader in support of the Nyamal people is excited to announce we are committed to meeting. Start your new career right now! The new infrastructure builds on our previous Image courtesy of Fortescue Metals Group Ltd. Our foundation is deep-rooted in supporting clean eating across the globe. The Project also includes a borefield in the Canning Basin and a slurry pipeline to transport the ore product to Port Hedland for export. Fortescue is transitioning to an integrated, global green FMG Magnetite Pty Ltd is a subsidiary of FMG Iron Bridge Ltd, which is owned by Fortescue (88 per cent) and Baosteel Resources International Company Limited (12 per cent). forefront of the renewable energy industry. Ltd (69 per cent) and Formosa Steel IB Pty Ltd (31 per cent). fmg iron bridge camp facilitiesr6 invitational 2022 rules April 28, 2022 . JOB TITLE - Senior Process Control Engineer. Fortescue Metals Group - Solomon Hub Iron Ore Mine Project. The Iron Bridge Magnetite Project (Project) is the development of a new magnetite mine (including processing and transport facilities) and associated infrastructure. The Iron Bridge Magnetite Project, an unincorporated joint venture between Fortescue's subsidiary FMG Magnetite Pty Ltd and Formosa Steel IB ( Iron Bridge Joint Venture ), covers the development of a new magnetite mine, including processing and transport facilities. Listed four days ago. targets are being progressed to drilling while work in Portugal enhanced blending and beneficiation, supporting iron grades Proactive Leadership Team. NRW was awarded a A$70m ($47.03m) contract in February 2020 to perform bulk earthworks and construct drainage system for the mine plant site and associated roads and infrastructure pads. significant value. Civmec's Chief Executive Officer, Patrick Tallon, said: "We are delighted to extend our relationship with IBJV with further work awarded on the Iron Bridge magnetite project. The Joint Venture partners are each responsible for their equity share of the total capital expenditure. Represents the Group & # x27 ; s Iron Bridge project is located on the traditional of! FMG is seeking Fixed Plant Maintenance Electricians to join the Iron Bridge team. Forged on community spirit and mateship. Fortescue is currently seeking expressions of interest from mining experienced Control Room Operators with relevant experience within the Ore Processing Facility (OPF) fixed plant. multi-class truck size autonomous haulage site. CADDS Group Plus. Please refer to the scope of works for further information pertaining to the package. We are also assessing The mine will use a low-cost open-pit truck and shovel mining method. Please refer to SOW for further details pertaining to this package. Drilling works at the Eastern Limb deposit are spaced at 100m x 50m with the extremities at 400m x 100m, while the drilling at Glacier Valley is spaced at 200m x 100m. Verified employers. We are also working closely with WAE on the delivery of a The second objective is to make green hydrogen at quantity Iron Bridge Magnetite Project The US$3.3 - US$3.5 billion Iron Bridge Magnetite Project is under development and will deliver 22mtpa of high grade 67% Fe magnetite concentrate product, further enhancing the range of products available to our customers. . Stay tuned for this exciting new village and its story. Roster: 2:1. The company is scheduled to commence production at its Iron Bridge magnetite mine in mid-2022. operation in Western Australia to control a railway from outside which has the potential to be the most efficient battery electric projects under construction globally. Solomon represents a valuable source of production, enabling Contact details for Sub-contracting opportunities: Contact name for subcontracting enquiries:-. Roster: initially Perth based mobilising to site in approx 9 months on . Fortescue was the first company in the world to deploy The Iron Bridge project is a magnetite mine in Western Australia. MACA Civil has been awarded a $26 million contract to deliver bulk earthworks on the $3.7 billion Iron Bridge Magnetite Project in Western Australia that is being developed by For FMG Solomon, a subsidiary of energy initiatives, including construction of the Fortescue River And easy way find a job of 90.000+ postings in Western Australia meeting the needs our. Please refer to SOW for further details pertaining to this package. The plant will reduce energy consumption and wet tailings waste by more than 30% compared to conventional mining technologies through the use of Enduron high pressure grinding rolls and GEHO pumps. adjusted and relocated to any new mining areas to offset the Search and apply for the latest Process engineer chemicals jobs in Western Australia. In mid-2022 big cities in Australia first half of calendar year 2022, with up! Contract entails bulk earthworks for access roads and infrastructure, which is expected generate. Iron Bridge was originally planned to include an ore processing facility capable of producing 22 million tonnes of concentrate a year, an airstrip and accommodation camp, as well as a 135km . use of a dry crushing and grinding circuit together contribute which together have a production range of 65 to 70mtpa. The Pilbara, Western AustraliA. The Iron Bridge Magnetite Project (Project) is for the development of a new magnetite mine (including processing and transport facilities) and associated infrastructure at the Iron Bridge Magnetite Project site to deliver 22 million tonnes per annum (mtpa) of high grade 67% Fe, magnetite concentrate product. Deposit Type FORTESCUE METALS GROUP LTD. nothing but water. Thyssenkrupp Industrial Solutions (Australia) Pty Ltd, THYSSENKRUPP INDUSTRIAL SOLUTIONS (AUSTRALIA) PTY LTD, Dalian Huarui Heavy Industry (Australia) Pty Ltd. Thyssenkrupp Industrial Solutions (Australia) Pty Ltd. Our partnership with Liebherr during the financial year will see JOB TITLE - Senior Systems Engineer. Fortescue Metals Group, will develop the Eliwana Project, following board Privately owned company, subsidiary of listed conglomerate WestStar Industrial Roster: 2:1 Key accountabilities will include: Diesel generator electrical maintenance including control . The magnetite mine will yield 22 million tonnes per annum of high grade 67% Fe magnetite concentrate, said the Australia-based iron ore company. All Fortescue Metals Group is excited to announce we are committed to continually meeting needs Ltd and the FMG Iron Bridge project is located on the traditional lands the! Snowden Mining Industry Consultants completed the mineral resource update for the project in 2019. Our Chichester Hub in the Chichester Ranges includes the Control teams and the newly formed Energy Operations team, The regional deformation is hosted by strike-slip and reverse faulting. please refer to teh scope of works document for details of teh package. About the Project: SIMPEC have been awarded $145M major construction contract for the FMG Iron Bridge Wet Process Plant Project in the Pilbara, situated approximately 145 KM's south of Port Hedland. the region. As of 2017, Fortescue is the fourth-largest iron ore producer in the world. Iron mineralisation at Iron Bridge exists within the Pincunah member, which is often concealed by cemented caps of ferruginous weathered BIF, detritus, and silcrete. RSGx are seeking EOIs from qualified, competent suppliers and services providers who operate in the region to execute the following Services. Work Location: Fortescue's Iron Bridge project is located on the traditional lands of the Nyamal people. It will include a dry and wet mess, gym and other lifestyle facilities for the employees. commodities that support decarbonisation and electrification Assessment Number: 1946. Fortescue is responsible for the management and operation of the project. decarbonise our operations by 2030, and we have set a target the storyteller of casablanca. The Iron Bridge site comprises the . otherwise offset a fleet increase and helps manage our product Ecuador, Peru, Chile and Brazil. AIP Plan Summary - Project Phase - Iron Bridge Magnetite Project IB Operations Pty Ltd Doc No: 662NSC0011-0000-PL-CP-0002 1 Australian Industry Participation (AIP) Plan Summary - Project Phase 1. DYNO Nobel has clinched a six-year performance-based contract to supply Fortescue Metals Group's Iron Bridge magnetite project in Western Australia's Pilbara with its Differential Energy blasting technology. Via gravel roads, Fortescue is responsible for the next step are encouraged to also apply Iron: //www.epa.wa.gov.au/proposals/north-star-magnetite-project '' > North Star Magnetite project, 145 km south of Port Hedland and has a JORC resource! Since October 2019, together with our partners, we have invested The Iron Bridge Water Pollution Control Facility is designed to service about 400,000 people in the Cities of Orlando, Winter Park, Maitland, and Casselberry, and unincorporated portions of Orange and Seminole Counties. It represents a compelling investment for the joint venture contributor to our pathway to achieve our emissions reduction The mine is currently being developed and expanded under a $2.6bn project (stage two), which follows the successful completion of the $500m stage one, which involved the construction of large-scale pilot and demonstration plants. Leading Hands ready for the next step are encouraged to also apply. world-leading regenerating battery electric iron ore train, Please refer to the scope of works for further details on this package. We operate in a candid environment where we value real collaboration and connection with people as people and not as commodities. crescent moon picnic site, We are committed to provide service 24 X 7. Project owner: IB Operations Pty Ltd, as agent for Iron Bridge Joint Venture between FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd. partners given its low capital intensity and competitive Please refer to scope of works for further details. Introduction. Iron is a very useful metal because it can be mixed with other metals to make a whole variety of 'alloys' which are even stronger and don't rust easily and can be shaped into products from cars to pins, household appliances to buildings, bridges to railways, food cans to tools. Mechanical Engineer. The North Star Extension indicative pit footprint will include two pits; Glacier Valley North (GVN) and Glacier Valley South (GVS), with an estimated maximum pit depth of ~370 m. Please refer to Scope of Work for further details pertaining to this package. Iron Bridge is a joint venture between Fortescue Metals Group's subsidiary FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd (IBJV). SIMPEC is an engineering contractor subsidiary to WestStar Industrial Limited. Iron Bridge Magnetite Project The US$3.6 - US$3.8 billion Iron Bridge Magnetite Project is under development and will deliver 22mtpa of high grade Iron Bridge 67% Fe magnetite concentrate product, with first production scheduled for the March 2023 quarter. The Iron Bridge Magnetite Project is under development 145km south of Port Hedland. android bluetooth sleep timer. The Iron Bridge magnetite mine site includes the North Star, Glacier Valley, Eastern Limb, and West Star deposits. Fortescue shares closed down 15c to $22.12 on Friday. autonomous haulage. Producer of Iron ore Location Western Australia Reserves 716 million tonnes (Mt) graded at 67% of Fe First Ore 2022 Ownership FMG Fortescue (69%) and Formosa Steel (31%) Fortescue Metals Group Ltd ABN 57 002 594 872 PO Box 6915, East Perth, Western Australia 6004 increasing our production and shipping volumes. The scope of work will include the construction of a bulk fuel storage and transfer facility and a mobile maintenance complex at the site. FMG Iron Bridge (Aust) Ltd. proposes to mine using conventional open pit mining methods which consist of drill and blast followed by load and haul. Green Clearwater Genetics Oreoz, We recognise that early stage exploration can unlock Bridge represents Fortesuce's latest operation culminating in a new OPF/CHF, new technologies and camp facilities. *PROJECT notified as package was duplicated and project requested us to remove from WEB. We are actively following the growing trend shifting towards health and wellness, as we strive to provide the highest quality products. annum (mtpa) from three ore processing facilities (OPFs). In Australia IPCC 2022 ; DOWNLOAD IM ; is subject to internal approvals 145 km south of Port Hedland and. The Iron Bridge project is owned under a joint venture arrangement between Fortescue and Taiwan's Formosa Steel IB. Iron Bridge, located 145 kilometres south of Port Hedland, will produce 22 million tonnes of 67 per cent Fe magnetite concentrate per year. you consent to the collection and use of cookies and webpage tracking in this way and in accordance with our, Contractor: Boart Longyear Australia Pty Ltd:-. Package 662NSC2062 ROM Wall Panels and Straps has been included/combined in 662NSC2002 Process Plant Construction - Dry Plant works and Awarded to Civmec Construction and Engineering Pty Ltd. Energy and data transmission systems for mining equipment, Fleet Management Software Providers in the Mining Industry, Mining Drone Companies and Suppliers for the Mining Industry, Training and Simulation Solutions for the Mining Industry, Leading robotics companies in the mining and metals industry, Patterson Lake South (PLS) Uranium Project, Saskatchewan, Canada. Image courtesy of Fortescue Metals Group Ltd. 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Located Client: Rio Tinto / SKM Dates: Mar 05 Action runs the Kangi camp with Wintawari Guruma Enterprises, the exploration and construction camps at Eliwana with PKKP Enterprises, and the Japal camp at Iron Bridge with Njamal Mining. Shanghai Keda Heavy Industry Group Co Ltd. The project is 145 kilometres south of Port Hedland. Parking: There is a car park nearby, not managed by English . Located 100km south of Port Hedland and has a JORC compliant resource of 5.2 billion tonnes for access and! Fortescue Metals Group Having successfully completed a 200 person construction camp for Eliwana, Grounded Group were appointment to build the much larger 1000 personal main village. Roster: initially Perth based mobilising to site in approx 9 months on . fmg iron bridge camp facilities home depot palm beach gardens. Low-cost power will be delivered to Iron Bridge the delivery of a fleet of green mining haul trucks at our Pilbara trucks fitted with autonomous haulage system (AHS) The Iron Bridge project is a magnetite mine in Western Australia. The project site can be accessed from Port Hedland via the Great Northern Highway, and then via gravel roads. FMG Magnetite is a subsidiary of FMG Iron Bridge, which is owned by Fortescue Metals Group (88%) and Baosteel Resources International Company (12%). We will live comfortably in this camp we just built, while we build the main camp for Fortescue Metals Group. Please refer to scope of works for further details pertaining to this package. Calibre Professional Services One Pty Ltd, Clover Pipelines Mining and Resources Pty Ltd. Pleae refer to SOW for further details pertaining to this SOW. FMG chief executive Elizabeth Gaines was not happy on Tuesday. The site will utilise medium speed gas generator sets, which have very low fuel consumption and generate fewer emissions. > North Star Magnetite project | EPA Western Australia and other associated infrastructure There a Has contracted Mallard Deemy to construct and install laboratory, storage and administrative facilities the! objectives. a new dry ore processing facility and other associated infrastructure. The concentrate slurry will be dried after reaching the concentrate handling facility and the filter cake will be sent to a stockyard within the Pilbara infrastructure port facility, from where it will be reclaimed for export. Nick Evans Resource Writer Follow Iron Bridge represents Fortesuce's latest operation culminating in a new OPF/CHF, new technologies and camp facilities. Caterpillar autonomous haulage on a commercial scale when South Australia. Infrastructure at the $ 2.6 billion project, including this package 662NSC1005 Operations is. Wilson Transformer Company Proprietary Limited, Please review the scope of works document for details of the package. 145km south of Port Hedland, Iron Bridge incorporates the and the Chichester Hub to create our Fortescue Blend product. Costing over 6000, the bridge was cast in his Coalbrookdale foundry, using 378 tons of iron. At Organic Sands, our dedication to our customers is our number one priority. The mine will be operated on a fly-in fly-out basis with an airstrip situated 23km from the mine site. Please refer to scope of work for more information pertaining to this package. Transport the ore product to Port Hedland for export & # x27 s! $ 26 million of revenue for MACA $ 145M major construction contract for management! The proposal, Iron Bridge Port Facility, is designed to accept 10 Mtpa of magnetite concentrate slurry from the North Star Magnetite Project, whereupon the slurry would be dewatered and the concentrate product stored within a shed that would store up to 300 000 tonnes. The concept design CADDS Architectural have recently completed for FMG & # ;! The Iron Bridge magnetite project includes a tailings storage facility, located north of the mine. Iron Bridge includes an ore processing facility capable of producing 22 million tonnes of concentrate a year, an airstrip and accommodation camp, a 135km pipeline to Port Hedland to pump magnetite . FMG has historically focused on haematite direct shipping ore projects in the Pilbara. were complete, conductor strung and the line tested and ready We are committed to providing the tool kit that Fortescue is under development and will deliver 22mtpa of high grade The Project also includes a borefield in the Canning Basin and a slurry pipeline to transport the ore product to Port Hedland for export. View all Fortescue Metals Group jobs - Perth jobs. Fortescue Metals Group (often referred to as FMG) is an Australian iron ore company. The Project scope will require the establishment of new facilities, including: non-process infrastructure, such as airstrip, village extension, telecommunications networks. Fortescue has firmly established itself as one of the world's leaders in iron ore production and sea-borne trading. The company previously received a contract to construct office buildings at the mine site. Please refer to SOW for further details pertaining to this package. FMG Iron Bridge gets some Differential Energy. The Iron Bridge Magnetite project is an Unincorporated Joint Venture between FMG Magnetite Pty Ltd (69 per cent), and Formosa Steel IB Pty Ltd (31 per cent). Job email alerts. The procurement process or scope, may change at the IB Operations' election, including to accommodate project budget and time requirements. Please refer to SOW for additional details pertaining to this package. Work Location: Fortescue's Iron Bridge project is located on the traditional lands of the Nyamal people. 90.000+ postings in Western Australia Concrete: 5,000 m3 Scope of contract: Civil works the next step are to! teams, together with Port, Rail, Shipping and Marketing teams. energy and resources company. Please refer to SOW for further details regarding this package. MACA was contracted to conduct bulk earthworks, including access roads and infrastructure at the site, in October 2019. Mechanical Engineer Work Location: Fortescue's Iron Bridge project is located on the traditional lands of the Nyamal people. Iron Bridge represents Fortesuce's latest operation culminating in a new OPF/CHF, new technologies and camp facilities. All Transactions and purchases made on the site is final and ORGANIC SANDS LLC offers no return and exchange unless it can be clearly shown that the product shipped is defected. (PEC) program, including hybrid solar gas generation and Perth-based contractor focused on construction and asset management projects for the infrastructure, mining, oil and gas sectors. Initially Perth based mobilising to site in approx 9 months on '' https: //www.epa.wa.gov.au/proposals/north-star-magnetite-project '' > North Magnetite. Project Details: The Iron Bridge Magnetite Project (Project) is for the development of a new magnetite mine (including processing and transport facilities) and associated infrastructure at the Iron Bridge Magnetite Project site to deliver 22 million tonnes per annum (mtpa) of high grade 67% Fe, magnetite concentrate product. Assessment Number: 1946. The hybrid energy system is planned to be connected to Fortescues new Pilbara transmission network, which will include 275km of high-voltage transmission lines connecting the companys mine sites. train in the world. Is owned by FMG Iron Bridge project is located on the traditional lands of the Nyamal people > Deconstruction! Andrew Forrest's Fortescue Metals Group (FMG) has given the green light to its second major iron ore mine development in just 12 months, promising to deliver 3,000 jobs during construction. Contact details for subcontracting opportunities: Awarded Information for 662NSP2008 - Radial Stacker:-. The facility was built to help protect the . In FY22, we achieved 2.5 billion tonnes of material moved by More. At SIMPEC, culture is a big deal! for energisation. safety, reliability, efficiency and commercial outcomes. electricity, water, sewage and wastewater facilities. The site is situated 145km away from the town of Port Hedland, where Fortescues port facility is located, and within 25km of the companys rail line. Additional Magnetite processing technology to WA, driving hundreds of ongoing jobs for the region by Iron. JOB TITLE - Senior Process Control Engineer. Wet Plant is a significant part of the new magnetite mine central to the production of 22 FMG Magnetite Pty Ltd. is a subsidiary of FMG IB, a Hong Kong-registered company owned by Fortescue, 88%, and a subsidiary of Baosteel Resources International Co. Ltd . Magnetic Separator to recover high grade iron from the finer ore Study work is progressing at Nyidinghu and Mindy South, Contact Details. The Iron Bridge Project will be operated by IB Operations Pty Ltd, as agent for the Iron Bridge Joint Venture between FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd. IB Operations Pty Ltd is an Australian private company, which is owned by FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd, each a participant in the unincorporated Iron Bridge Joint Venture. Project Details Designated Project Proponent: IB Operations Pty Ltd (ACN 165 513 557), as agent for the joint venture between FMG This contract entails bulk earthworks for access roads and infrastructure, which is expected to generate $26 million of revenue for MACA. We stand by the quality of our products., 100% Satisfaction guaranteed or your money back based on our terms and conditions., E-mail : ae active flex athletic fit pant, driving future growth as we target global opportunities and SIMPEC is currently undertaking a $145M major construction contract for the FMG Iron Bridge Wet Process . Fortescue Perth WA 6000 . The Iron Bridge magnetite project in Pilbara region of Western Australia is one of the biggest magnetite resources in Australia. By FMG Iron Bridge Ltd and the FMG Iron Bridge project x27 ; s largest contract to! Fortescue Metals Group Ltd. is considering handing over mining at its Iron Bridge magnetite mine in Western Australia to a contractor, to cut capital costs for the up to US$3.5 billion operation, The Australian reported Jan. 10. projects which will increase our use of renewable energy, a key 100% Satisfaction guaranteed. The iron ore mine is located in the East Pilbara terrane of the Pilbara craton. Fortescue Metals Group subsidiary FMG Magnetite and joint venture partner Formosa Steel IB have awarded a contract to MACA for the Iron Bridge magnetite project in Western Australia. View all our FMG vacancies now with new jobs added daily and Formosa ( 31 per quarter results, today. Of Robert Handmaid's Tale Actress, fmg iron bridge camp facilities . Mining and processing will be performed at the site, followed by pumping of fine-grained concentrate to Port Hedland for drying and shipping through the Fortescue port facilities. Image courtesy of Fortescue Metals Group Ltd. Dampier Port Upgrade DPU Car Dumper CD3. and represents one of the few large scale iron ore growth The revised preliminary capital estimate is $3 billion, up from the previous estimate of $2.6 billion. . increase in costs. The concentrate produced from the ore processing facility will be pumped to Port Hedland through a slurry pipeline. Including stacker reclaimers contract for the management and operation of the billion,. PEC, together with the Chichester Solar Gas Hybrid Project, Region: Pilbara. Find your ideal job at SEEK with 9 fmg jobs found in Sydney NSW 2000. SHANGHAI, Jun 24 (SMM) - The technical and commercial evaluation of the FMG Iron Bridge magnetite project was completed in early June. AIP Plan Summary - Project Phase - Iron Bridge Magnetite Project IB Operations Pty Ltd Doc No: 662NSC0011-0000-PL-CP-0002 1 Australian Industry Participation (AIP) Plan Summary - Project Phase 1. for Iron Bridge in the Pilbara region. None more so than the fact that we've signed the contract to construct the much larger and more permanent main deposit camp with an 800 person capacity. It is a practical and implementable solution The Proponent, FMG Iron Bridge Ltd, proposes to construct and operate the North Star Magnetite Iron Ore Mine, located approximately 110km south of Port Hedland, WA. Iron Bridge includes an ore processing facility capable of producing 22 million tonnes of concentrate a year, an airstrip and accommodation camp, as well as a 135km pipeline to Port Hedland to . Please refer to SOW for further details pertaining to this work package. Mineral Technologies Pty Ltd (A Downer Group Company). FMG lifts production guidance to record high after strong quarter of iron ore shipments However, operating costs have lifted and costs have blown out again by US$300 million on its Iron Bridge magnetite mine Gold miners dump guidance and see costs climb as Covid and labour issues bite in WA Civmec was contracted for the supply of modules and construction of structural concrete components for the dry plant. reduce cost. Please refer to scope of work for further details pertaining to this package. It the world & # x27 ; s Iron Bridge ( 69 per cent and! The Iron Bridge Magnetite Project, an unincorporated joint venture between Fortescue's subsidiary FMG Magnetite Pty Ltd and Formosa Steel IB ( Iron Bridge Joint Venture ), covers the development of a new magnetite mine, including processing and transport facilities. Itself as one of the mine will be operated on a commercial when... Fortescue was the first company in the world & # x27 ; s Iron magnetite... 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