Tag Archives: Dino Otranto

Fortescue ready to disrupt the decarbonisation status quo

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It was hard to keep up with Fortescue at MINExpo 2024, in Las Vegas, last week – IM did its best – with the mining company having on-booth presentations throughout the three days and four press events on four other stands during the show.

The company’s presence was felt far beyond this, with the headline $2.8 billion agreement to supply 475 new Liebherr machines featuring Fortescue’s innovative green technology to Fortescue’s operations in Western Australia being a major talking point.

This was swiftly followed by announcements that the company would work with MacLean on delivering a fleet of 30 GR8 electric graders to its sites, take delivery of Australia’s first Epiroc Pit Viper 271 E (PV271E) electric-driven blasthole drill rig at one of its mines, and work with Scania on developing and validating a fully integrated autonomous road train solution, leveraging Scania’s technology in truck automation and Fortescue’s own fleet management system (FMS).

The common theme among all these was the perception that Fortescue should be viewed as more than just a mining company.

“There is an opportunity here for Fortescue to be seen as a technology company, as opposed to solely an iron ore miner,” Dino Otranto, CEO of Fortescue Metals, told IM after another press event appearance.

The technology the company acquired and is now deploying via its purchase of Williams Advanced Engineering in early 2022 is a key part of this transition. This has led to the development of battery-electric solutions as well as charging solutions – Fortescue Zero now has a 6 MW charging solution to call on.

Otranto got into some of the specifics behind this offering – including mention of an in-house DC-DC converter that is significantly smaller than other ultraclass battery-electric trucks showcased at the show, as well as batteries that are both cheaper and offer higher power densities than others on the market – and said these elements would all come into the Liebherr and MacLean machines that appear on site in Western Australia.

The Fortescue MINExpo 2024 booth was a hive of activity, with many interested parties looking to find out more about the company’s battery-electric solutions

He went further than this though, outlining how the company’s “Fortex” solution – which combines autonomous haulage, FMS and Level 9 collision avoidance – would seamlessly integrate all the elements to create optimised autonomous and electric sites of the future.

“What we are developing with Fortex is akin to Android,” he said. “Where the traditional OEM models lock you into Apple and iOS, we want to offer an Android-style open source platform that allows you to share data and interface with other apps within the ecosystem.

“You will soon see us demonstrate that through the process of a traction power system at a mine site.”

With some of the energy requirement numbers for full battery-electric fleets being discussed today it is hard to see any company being able to commercialise zero-emission fleet haulage solutions without an overriding energy management platform. The operation will inevitably have to be optimised (read: automated) to ensure no kilowatt of energy is wasted and no machines run out of battery power. Add in automation, and the safety element around vehicle interaction also comes into play.

The AHS solution Fortescue and Liebherr have jointly developed as part of its latest rollout in Western Australia has a fleet management assignment engine at the core to monitor fleet energy levels. This should mean material movement and energy replenishment tasks can be assigned efficiently within zero emission fleets equipped with the system.

In this regard, Fortescue has its ‘ducks in a row’ to compete with the traditional mining OEMs in the evolving decarbonisation space.

The company will have to take these OEMs on, with Otranto acknowledging there are a finite number of Liebherrs and MacLeans willing to provide the machines that the company’s batteries will power, as well as an even smaller pool of companies open to accepting the type of AHS and FMS integration Fortescue currently envisages.

“We’re aware that some OEMs will do everything they can to protect their supply chain, but what we are offering – especially on the software side – represents real disruption,” Otranto said.

“We are looking to take a decent market share in the mining sector when it comes to decarbonisation, but there are even bigger opportunities outside of mining – in construction, in shipping, with locomotives, etc.”

IM Editor, Dan Gleeson (left), with Dino Otranto, Fortescue Metals CEO (right), at MINExpo 2024

Such a move would bolster the company’s bottom line, as well as allow Fortescue to be rated by the investment community as something equivalent to a technology stock: a status that comes with premium trading multiples.

This business model adaptation already appears to be gaining traction.

IM has spoken to mining companies in touch with Fortescue about potentially deploying some of its solutions within a mine decarbonisation context.

Reuters also reported, last week, that Fortescue and Liebherr have secured orders for 100 autonomous battery-powered mining trucks for other mining and transport companies, quoting Fortescue Executive Chairman, Andrew Forrest.

Fortescue is evidently ready to disrupt the decarbonisation status quo. The question is: is the wider mining company community willing to accept this new market dynamic?

Fortescue, Scania to develop fully integrated autonomous road train solution

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Fortescue and Scania have agreed to jointly develop and validate a fully integrated autonomous road train solution, leveraging Scania’s technology in truck automation and Fortescue’s own Fleet Management System (FMS).

The autonomous solution would be developed, tested and validated in partnership at Fortescue’s iron ore operations at Christmas Creek.

“By utilising Scania’s extensive knowledge in supplying trucks to the mining industry and our expertise in autonomous driving, the Road Train solution will reduce the overall mining footprint,” Manfred Streit, Managing Director at Scania Australia, said.

With Scania’s technology in truck automation, the autonomous solution would be integrated with Fortescue’s FMS designed to optimise fleet utilisation and maximise productivity, while ensuring efficient fuel and energy consumption to reduce carbon emissions. The solution would also integrate Scania’s on-board autonomation hardware and technology for the Scania R770 prime mover platform, coupled with three trailers weighing 120 t with a payload of 240 t.

“This is a great opportunity for Scania to learn more about autonomy in demanding conditions with an innovative partner,” Peter Hafmar, Head of Autonomous Solutions, Scania, says.

Fortescue Metals Chief Executive Officer, Dino Otranto, says: “Our deep expertise in autonomous haulage has enabled us to jointly develop a unique autonomous solution that unlocks high grade, satellite deposits for us to mine economically. This project would help us maximise productivity with unique low-cost solutions in our mining value chain.”

Scania Australia has been working closely with Fortescue for many years, and is pleased to see this joint development project become a reality.

Robert Taylor, Head of Mining at Scania Australia, said: “Their heavy haul trucks operate in an incredibly harsh environment. The local and global mining specialists have devised a solution that will bring both efficiency and safety.”

Epiroc to deliver Australia’s first Pit Viper 271 E to Fortescue

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Epiroc and Fortescue, this week, announced the handover of Australia’s first Pit Viper 271 E (PV271E) electric-driven blasthole drill rig at MINExpo 2024 in Las Vegas.

Marking a key milestone in Fortescue’s decarbonisation journey, the PV271E will soon be deployed at Fortescue’s Pilbara iron ore operations making it the first electric PV271 in Australia to operate on a mine site.

This versatile drill rig is designed to enhance productivity while eliminating the need to operate on diesel. With the ability to drill single-pass holes up to 18 m deep and 270 mm in diameter, the drill rig has a 34 t bit load capacity, ensuring reliable operation across diverse mining conditions, Epiroc says.

Enhanced automation features also maximise safety and productivity, making the PV271 a crucial step forward for reducing emissions in mining practices.

President of Epiroc’s Surface Division, José Manuel Sánchez, said: “For Epiroc, partnering with Fortescue to deliver Australia’s first electric-driven autonomous Pit Viper drill is a milestone achievement in our shared pursuit of a zero-emissions, sustainable mining industry. The electric-driven Pit Viper 271E, equipped with advanced automation features, will play a vital role in making mining more sustainable while ensuring safety and productivity.”

Fortescue Metals CEO, Dino Otranto, said: “At Fortescue, we’re moving at speed to decarbonise our iron ore operations by deploying a green mining fleet and locomotives. The deployment of the electric Pit Viper marks another milestone in our decarbonisation journey and the first step in our ability to deploy zero emissions blasthole drill rigs across our sites. By acquiring the Epiroc PV271 we’re proving that the technology for zero emissions mining is here now.”

Fabrum, Fortescue commission Australia’s largest liquid hydrogen plant at Christmas Creek

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Australia’s largest liquid hydrogen plant at a mine site is now operational at Fortescue’s Green Energy Hub at Christmas Creek in Western Australia, according to Fabrum, a company that played a significant role in delivering an end-to-end liquid hydrogen ecosystem for the plant.

New Zealand-based Fabrum collaborated on the design, build and commissioning of the liquid hydrogen plant at Christmas Creek, which comprises a hydrogen liquefaction facility, liquid hydrogen storage and a liquid hydrogen refuelling station. Liquid hydrogen from the plant will be used to power Fortescue’s zero-emissions mining equipment prototypes including its offboard power unit and its hydrogen-powered haul truck prototype (the hydrogen-powered T 264 haul truck prototype that arrived this month). The liquid hydrogen plant can produce circa-350 kg of liquid hydrogen per day and has circa-600 kg of storage.

Christopher Boyle, Fabrum’s Executive Chair, said: “We’re delighted to be developing world-leading hydrogen technologies for our partner, Fortescue, to help the company achieve its decarbonisation goals. While others in the industry might see the decarbonisation challenge as too big, Fortescue is leading the way in adopting new technologies to enable a zero-emissions economy. Together, we’re demonstrating the future is here now – and that our liquid hydrogen production and refuelling technologies can enable industry to power operations and transport today.”

Fabrum’s liquid hydrogen production system

Dino Otranto, Fortescue Metals Chief Executive Officer, said: “Fortescue is moving at rapid speed to decarbonise and the completion of our hydrogen facility, which is the largest gaseous and liquid hydrogen plant on any mine site in Australia, is testament to our commitment to leading heavy industry in decarbonising. Hydrogen and fuels made using renewable energy will have a role to play in decarbonising mining, whether it’s in buses, heavy mining equipment such as haul trucks and excavators, or producing green iron.

“This renewable hydrogen plant is versatile, enabling us to produce gaseous and liquid hydrogen to be used to power our mining equipment prototypes, while also providing the added benefit of refuelling our fleet of coaches at Christmas Creek.”

Dr Ojas Mahapatra, Chief Executive Officer of Fabrum, added: “This is the first project we’ve collaborated on with Fortescue, an investor in Fabrum, and it highlights the great opportunities we see to help each other be successful in the future. This project also represents our entry into the mining and minerals industry to add to our work in heavy transport, aviation and other industries. It’s an exciting time for Fabrum as we continue to grow rapidly to meet increasing global demand for hydrogen production systems and other technologies.”

Europa hydrogen-powered prototype arrives at Christmas Creek as Liebherr, Fortescue eye zero emission AHS milestone

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The first hydrogen-powered T 264 haul truck prototype, developed by Liebherr and Fortescue, has arrived on site at Fortescue’s Christmas Creek mine in the Pilbara region of Western Australia for testing in a real-life mining environment.

The site-based testing of this T 264 prototype, known as Europa, will take place over the coming months and will help inform Fortescue’s future fleet of zero emission haul trucks, Liebherr says.

Oliver Weiss, Executive Vice President of R&D, Engineering and Production, Liebherr-Mining Equipment SAS, said: “Liebherr and Fortescue are aligned in the belief that hydrogen and hydrogen carriers, such as ammonia, will play an important role in supporting the mine decarbonisation additional to electrification. What we learn from this hybrid truck will significantly shape and enhance our future development strategies for zero emission haulage. The integration of a Fortescue Zero battery into a Liebherr haul truck marks a huge milestone in the partnership between the two companies. It is fascinating to see how this cooperation helps to fast track our planned developments of new technology from ideas to demonstration and operation in the field.”

Europa contains a 1.6 MWh battery (developed in-house by Fortescue WAE) and 500 kW of fuel cells. The prototype can store over 380 kg of liquid hydrogen.

Dino Otranto, CEO, Fortescue Metals, added: “It’s fantastic to have our hydrogen-powered haul truck prototype now joining its battery-electric equivalent, Roadrunner, up at site.”

Once commissioned on site, Europa will be refuelled with liquid hydrogen from a gaseous and liquid hydrogen plant located at Fortescue’s Green Energy Hub at Christmas Creek.

Liebherr and Fortescue have been working together to develop zero-emission haul trucks since the collaboration was announced in 2022. Recently, the companies announced their collaboration to co-develop and validate a fully integrated Autonomous Haulage Solution.

Otranto added: “This deployment of Europa builds on our wider collaboration with Liebherr, where we are working together to develop and validate a fully integrated Autonomous Haulage Solution, which we’re aiming to be the first to operate in zero emission vehicles globally. To decarbonise mining you need a system solution, so this new operating system, which integrates a fleet management system and energy management, will be a game changer for Fortescue in reducing our carbon emissions.”

Zero emission haul truck developments on the IMARC 2023 agenda

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IMARC 2023 is off to a bang, with two of the first keynote interviews – featuring speakers from Fortescue and BHP – kicking off what is expected to be a constant flurry of mining technology news.

During a Mining Keynote Interview, titled, ‘The Reshaping of the Fortescue Business: A Showcase of the Past, Present and Future of the Mining and Resources’ Industry,’ Dino Otranto (pictured on the right), CEO of Fortescue, talked up the mining company’s ‘Real Zero’ terrestrial emissions (Scope 1 and 2) 2030 aim.

Speaking to Jennifer Hewett (pictured on the left), National Affairs Columnist, The Australian Financial Review, Otranto highlighted the recent arrival of the first 240-t-class Liebherr Mining T 264 trucks at its Eliwana iron ore mining site in the Pilbara of Western Australia, which is expected to be converted to Fortescue’s in-house battery solution developed by WAE in the near term.

Looking further out, Otranto said the company’s first zero emission fleet at Eliwana was expected to be “on parity” with the diesel haulage equivalent from a cost and productivity perspective. “In the future, they could be even more productive,” he added.

Fortescue is currently working on a number of “zero emission” solutions across its mining operations – battery-electric and green hydrogen, among them – and Otranto said the company was confident that the electric powertrain is “the future”, with the system that generates the power to supply this being “agnostic”.

“In the future, we will not be beholden by the OEM and a single product,” he said, explaining that the captive energy source tied to where the resources and reserves were located would play a crucial role in the chosen system.

Soon after Otranto left the stage, Hewett was joined by James Agar, Group Procurement Officer at BHP, for another keynote interview, titled ‘The Importance of Supplier and Community Partnerships to Create Value’.

Agar was quick to pick up from where Otranto left off, referencing the company’s own zero-emission haulage plans, which included the expected rollout of a zero emissions truck at its operations next year. The company has previously signalled that a Cat Early Learner battery truck could come arrive for trials at its operations in 2024.

Alongside this, Agar referenced ongoing work with Bridgestone and Michelin related to battery-electric haul truck developments.

“We have realised that if we reduce the rolling resistance of tyres by 1-2%, it can have a big impact on battery life,” he said. “Equally, these trucks are going to be able to travel at faster speeds, so tyre life will be affected. This is another area we are studying.”

Dyno Nobel, Fortescue sign tech alliance focused on drill and blast decarbonisation

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Incitec Pivot Limited’s Dyno Nobel is to extend its supply relationship with Fortescue, with the two parties agreeing to a long-term extension that will see Dyno Nobel continue providing explosives technology and collaborating on key decarbonisation projects to assist Fortescue in reaching its ‘Real Zero’ goal.

A key focus of the new agreement is an innovative technology alliance. As part of this, Dyno Nobel will invest A$5 million ($3.2 million) in new technologies to support Fortescue’s decarbonisation efforts within its drill and blast process. The new agreement will apply across Fortescue’s Pilbara operations: Cloudbreak, Christmas Creek, Solomon and Eliwana. The Iron Bridge project, which Fortescue has a majority stake in, is supplied by Dyno Nobel under a separate contract the two companies announced last year.

Dyno Nobel Asia Pacific President, Greg Hayne, said: “We’re incredibly proud of our relationship with Fortescue who are at the forefront of efforts to decarbonise the mining industry. The agreement will see us ramp up our decarbonisation efforts which will include conversion of our MPU (mobile processing unit) fleet to renewable energy sources and investigating the use of lower carbon footprint, bio-fuel based explosives.

“This is about providing our customers with technology solutions that lower our carbon footprint and, in turn, theirs.”

Fortescue Metals CEO, Dino Otranto, said: “We’re looking forward to continuing our successful partnership with Dyno Nobel, which will deliver blasting services as well as provide new technologies to help us achieve our industry leading target of Real Zero emissions across our Australian iron ore operations.”

The agreement will provide Fortescue with the opportunity to benefit from Dyno Nobel’s commercialisation of a reduced GHG emissions DIFFERENTIAL ENERGY® solution, an explosives method that tailors the energy delivered to different rock layers within a blast hole and across a blast. The efficiencies generated through the use of DIFFERENTIAL ENERGY reduce both overall mining costs and emission volumes for customers, according to Dyno Nobel, with the reduced emissions solution able to reduce Scope 1 emissions by up to 25% in normal blasting circumstances.

Hayne said that since Dyno Nobel’s DIFFERENTIAL ENERGY technology was introduced to the Australian market in 2018 it has provided customers with production and environmental benefits.

“Fortescue has already seen the technology deliver value at their Iron Bridge operations, one of the first sites in Australia to fully benefit from DIFFERENTIAL ENERGY and the results have been very positive. We are now pleased to be increasing these advantages via a reduced emissions offering. It is just another example of our technology innovation happening on the ground.”

He said Dyno Nobel’s technology development aligned with Fortescue’s vision.

“We are looking forward to continuing our successful partnership with Fortescue which has evolved into finding innovative and sustainable solutions for the future by working together,” he said.

Hybrid Systems Australia delivers Western Australia’s ‘largest network-integrated BESS’ to Fortescue

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Hybrid Systems Australia, Pacific Energy’s integrated renewables subsidiary, says it has delivered Western Australia’s largest network-integrated battery energy storage system (BESS) as a part of Fortescue Metals Group’s Pilbara Energy Connect project, which aims to power the miner’s Pilbara iron ore operations with renewable energy.

Hybrid Systems Australia designed, installed and commissioned 42 MW of interconnected battery storage for two Fortescue mine sites, making it one of the world’s largest network-connected BESS to be developed for a mining application, the company says.

The batteries, which are now fully operational, have been developed alongside solar and new low emissions gas-fired generation that will be owned and operated by Fortescue as part of the company’s Pilbara Energy Connect (PEC) program.

HSA said: “The battery systems use industry-leading grid stabilising control systems, including millisecond-response capabilities and Kokam battery technology, to provide greater protection against load spikes and dips and ensure overall network stability.”

The batteries’ primary role is for grid stability and support, providing spinning reserve backup to any gas generation outages or sudden changes in the solar output. They will store energy from Fortescue’s planned 150 MW of nearby solar power, enabling mining activities to be powered by more renewable energy and cutting the annual carbon emissions of the mines.

Mike Hall, Executive Director of Hybrid Systems Australia, said the project represented one of the largest and most technologically advanced BESS projects the company had undertaken, and that systems of this size were critical to Fortescue’s move towards eliminating the use of fossil fuels in their operations by 2030.

“Our industry-leading design, network integration experience and strong partnerships meant we could readily deliver a large-scale solution that will allow Fortescue to continue its rapid upscale of renewable capacity and deliver on its real zero target,” he said.

“Our BESS are built specifically for remote Australia’s harsh conditions and can be sized from 1 MW to 200 MW, which makes them ideal for large-scale mining applications where the objective is greater reliance on clean energy.”

Fortescue Chief Operating Officer Iron Ore, Dino Otranto, said: “At Fortescue, we are committed to eliminating the use of fossil fuels across our operations by 2030. We were pleased to partner with Hybrid Systems Australia on the BESS, which are a significant component of our investment in the PEC program.

“PEC will not only supply low-cost power to our Iron Bridge operations, but importantly will support Fortescue’s world-leading decarbonisation agenda, allowing the incorporation of additional large scale renewable energy into our network in the future.”

The project included specialised involvement from its subsidiaries, Pacific Energy Pty Ltd, which is delivering the PEC’s low-emissions gas-fuelled power station, MVLV Power Solutions, which designed, manufactured and installed the switchgear and BESS enclosures, and Digital Intelligence, which delivered the BESS control systems.

Hybrid Systems Australia partnered with Hitachi Energy and Kokam to bring together expertise and key battery components from the two specialist equipment suppliers to deliver a solution for Fortescue. It also worked closely with Supply Nation accredited vendors, including electrical contractor, Boodjara Pty Ltd, and local electrical wholesalers, Myelec and D&W Electrical.

Rio Tinto, BHP, Fortescue devise pilot program to tackle sexual harassment, bullying and racism

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Rio Tinto, BHP and Fortescue are launching a pilot program aimed at helping to eliminate disrespectful behaviour in the resources industry including sexual harassment, bullying and racism.

The launch comes after the three companies formed a partnership in October last year as part of their combined response to reports of unacceptable sexual harassment in the mining industry.

The three companies have worked together with leading experts to design and develop the industry-first program aimed at educating new entrants to the sector, they said.

The evidence-based program will educate participants about the impact of sexual harassment, bullying and racism, including how to recognise and report these behaviours.

The Building Safe and Respectful Workplaces pilot program project, managed by the Australian Minerals and Energy Skills Alliance (AUSMESA), will be delivered on November 15 and 16 by experienced facilitators from Griffith University. The pilot program will be completed by 30 volunteers who are currently undertaking apprenticeships or traineeships with the three companies.

The results of the pilot will be fully evaluated and feedback from the participants will be used to finalise the learning program.

It is intended the program will be delivered from early in 2023 with a particular focus on new entrants to the mining industry.

As part of an ongoing commitment to educate about respectful behaviour, the companies will engage across industry and education providers on how to broaden the reach of the program.

It is anticipated the training course will be made available to other industries in the future through a range of education pathways.

Rio Tinto Iron Ore Chief Executive, Simon Trott, said: “The launch of this pilot is a key milestone in our broader commitment to create a workplace culture that is safe, respectful and inclusive. Building awareness through education on how we can create safer work environments through the prevention and elimination of sexual harassment, bullying and racism is vital to ensuring those joining our industry feel safe.

“We’re proud to be collaborating with experts in this field, in partnership with industry leaders, and we look forward to the findings from the pilot and the opportunity to share with broader industry for the benefit of all Australians.”

BHP WA Iron Ore Asset President, Brandon Craig, said: “Programs such as this help educate the next generation of workers to ensure our workplaces are safe, respectful and inclusive. While we know there is more to do, this pilot is part of our redoubled efforts to eliminate sexual harassment, and is in addition to a range of other measures including improved security at accommodation villages, additional public disclosures, specialised resources and company-wide training.

“We’re proud to be working with leading industry partners to deliver this important program as we work together to eliminate disrespectful behaviours from our industry.”

Fortescue Chief Operating Officer Iron Ore, Dino Otranto, said: “At Fortescue, safety is our first priority and we have zero tolerance for inappropriate behaviour. We remain firmly committed to ensuring that Fortescue has safe and inclusive workplaces, and that the mining industry as a whole is a safe and welcoming place for everyone who works within it.

“We’re pleased to be working with our industry peers towards the common goal of ensuring that sexual harassment, bullying and other inappropriate behaviours do not occur in the mining industry.”

Iron Bridge Magnetite project progresses with first ore feed milestone

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Fortescue Metals Group has reached a new milestone on its majority-owned Iron Bridge Magnetite project in the Pilbara of Western Australia, with first ore fed into the processing plant.

With first production anticipated in the March 2023 quarter, Iron Bridge will see the world’s fourth largest iron ore miner deliver an enhanced product range and create 900 new jobs, it said.

Significantly, it could become one of Fortescue’s first fossil fuel free sites, enabled by the recently announced $6.2 billion decarbonisation investment to reach “real zero” Scope 1 and 2 emissions by 2030.

At a milestone event held at Iron Bridge today, Fortescue’s Executive Chairman, Andrew Forrest, was joined by Chief Operating Officer Iron Ore, Dino Otranto, Fortescue Board members, Elizabeth Gaines and Penny Bingham-Hall, representatives from joint venture partner Formosa, Western Australian Deputy Premier and Minister for State Development, Roger Cook, along with company executives, valued partners and suppliers.

Traditional Custodians also attended the milestone event to welcome over 100 guests to Nyamal country.

Iron Bridge, 145 km south of Port Hedland, will deliver 22 Mt/y of high grade 67% Fe magnetite concentrate. This product enables Fortescue to enter the high iron ore grade market segment, providing an enhanced product range while also increasing annual production and shipping capacity, it said.

Since the investment decision in April 2019, more than 12.8 million workhours have culminated in the design and construction of the mine, pipelines, village and infrastructure at Iron Bridge. There are currently 3,470 people working across the Ore Processing Facility and pipelines scope of work.

Forrest said: “At Fortescue, we take pride in the fact that we consistently deliver what we say we will, and Iron Bridge is no different. Building on our track record of safely and successfully developing and operating iron ore projects in the Pilbara, Iron Bridge will lead the way for magnetite operations in Western Australia.

“This project demonstrates Fortescue’s commitment to our strategic pillars of investing in the long-term sustainability of our iron ore business, investing in growth, maintaining balance sheet strength, as well as delivering strong returns to our shareholders.

“As we transition to a global green energy, technology and resources company, Iron Bridge is an obvious choice to be considered as one of our first decarbonised, fossil fuel free sites, as we deliver on our target to achieve real zero Scope 1 and 2 emissions by 2030.”

Otranto said: “The Iron Bridge high grade magnetite product is a significant differentiator for Fortescue, and led by the highly experienced project team, I am incredibly pleased with the significant progress made to achieve first ore feed into the processing plant.

“This is a project that has been delivered during a challenging environment, and despite a global pandemic, rising inflationary pressures and a tight labour market, the Fortescue Values have risen to the forefront and demonstrated our ability to continue delivering this ground-breaking project.”

The nature of the Iron Bridge orebodies and Fortescue’s use of a dry crushing and grinding circuit together contribute to the project’s operational efficiency across energy, water use and cost.

Low cost power will be delivered to Iron Bridge through Fortescue’s investment in the Pilbara Energy Connect project, which includes energy transmission line infrastructure, solar gas hybrid generation and associated battery storage solution.

The Iron Bridge Magnetite project is an unincorporated joint venture between FMG Magnetite Pty Ltd (69%), and Formosa Steel IB Pty Ltd (31%). The joint venture partners are each responsible for their equity share of the total capital expenditure.