Fortescue Metals Group delayed Iron Bridge project

Australian iron ore miner Fortescue Metals Group (FMG) has revised the start date of its Iron Bridge magnetite project. The company had previously announced a target start date of March for initial production, but has now delayed production until the second half of April.

FMG stated that the company continue to make progress on its projects while also controlling the impact of changes in weather conditions on project activities.

The project is estimated to have a capital value of around $3.9 billion.