13,286.12 TRY BIST 100 BIST 100
44.10 USD USD USD
6.43 CNY CNY CNY
50.54 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.29 TRY Interest Interest
100.27 USD Fossil Oil Fossil Oil
5.80 USD Copper Copper
118.97 USD Silver Silver
106.90 USD Iron Ore Iron Ore
369.00 USD Shipbreaking Scrap Shipbreaking Scrap
7,245.53 TRY Gold (gr) Gold (gr)
109.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Fortescue will begin building its Australian iron ore mine and rail project

Fortescue is set to commence construction on its Australian iron ore mine and rail project within three years.

Fortescue will begin building its Australian iron ore mine and rail project

Fortescue is set to begin construction on its $US2 billion ($3.1 billion) Australian iron ore mine and rail project within three years.

The company's subsidiary Chichester Metals proposes to develop and operate an iron ore mine approximately 80 kilometers north-west of Newman, WA.

The Nyidinghu iron ore mine proposal includes mine pits above and below the water table, on-site ore processing, waste rock and tailings storage, an aerodrome, groundwater abstraction, and surplus water management. The proposal excludes transport, electricity, and water pipeline infrastructure required to connect the project to existing operations, which is included in the East Hamersley railway project proposal.

A separate FMG subsidiary called Pilbara Infrastructure filed a proposal to the WA EPA for the East Hamersley railway project, which includes communications and signalling infrastructure, an ore loading facility, groundwater abstraction and discharge, borrow pits and quarries, culverts, bridges, diversion drains, pump station, construction camp, landfills and wastewater treatment plants, and other supporting infrastructure. 

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

China has escalated contractual tensions by banning BHP iron ore imports for the second time

Friday, March 13, 2026

House sales in Türkiye increased by 5.9% in February

Friday, March 13, 2026

The construction production index increased by 8% as yearly in January

Friday, March 13, 2026

Kyrgyzstan has imposed a six-month ban on the export of scrap and ingots

Friday, March 13, 2026

The EU stands ready to adjust industrial state aid framework as energy crisis worsens

Friday, March 13, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now