Fortescue approves $2.6bn Stage 2 for Iron Bridge Magnetite project

Fortescue Metals Group Ltd and joint venture partner Formosa Steel IB Pty Ltd have approved the development of the $2.6 billion Stage 2 of the Iron Bridge Magnetite mining project in Australia's Pilbara region. The project is expected to produce 22 million tonnes a year of 67% iron magnetite...