A technical refresh of the Buena Vista feasibility study has shown that the project could be moved to a 24/7 operating model and could increase its potential output from 450 000 t/y to 800 000 t/y at the same capital outlay.
Demand for Fortescue’s products has remained strong all year. This is the result of steel mill profitability as well as the consistent quality of delivered product and the low variability of Fortescue ores.
Brazilian mining giant Vale SA has vowed to step up investment in low-carbon solutions along the steel value chain in China, according to its top executive.
Major Rio Tinto on Friday announced that the Simandou Joint Venture (JV) partners had concluded key agreements with the Republic of Guinea and the Winning Consortium Simandou (WCS) on the trans-Guinean infrastructure for the Simandou iron-ore project.
Vale on Monday lost a bid to block fellow mining giant BHP Group's bid to have it share potential liability in a 36-billion-pound ($46-billion) London lawsuit over Brazil's worst environmental disaster.