Fortescue's Iron Bridge Achieve Production of High-Grade Magnetite

In a momentous achievement, Fortescue Metals Group Ltd has commenced production of its first magnetite product at the esteemed Iron Bridge site,
Iron Bridge
Iron BridgeImage Source – ABB

In a momentous achievement, Fortescue Metals Group Ltd has commenced production of its first magnetite product at the esteemed Iron Bridge site, surpassing all expectations with an exceptional initial run grade surpassing 68% Fe.

Following the successful production of wet concentrate, a remarkable feat in itself, the magnetite product has been efficiently transported through a specialized 135-kilometer slurry pipeline to Port Hedland. It is at this juncture that dewatering and materials handling take place, ultimately resulting in the creation of a high-grade magnetite product, primed for shipment and perfectly suited for the production of steel.

This momentous milestone marks the culmination of over 20 million work hours dedicated to the project and almost two decades of meticulous planning. The substantial investment, both in time and capital (amounting to a staggering US$0.5 billion), in piloting the highly innovative Iron Bridge process has been unequivocally validated by the Ore Processing Facility's astounding achievement of meeting specification metal production targets in its inaugural week of operations.

Iron Bridge is poised to produce an astounding 22 million metric tons per annum of high-grade magnetite concentrate, cementing Fortescue's position as a key player in the iron ore market's highest grade segment. This momentous leap not only expands the company's product range but also amplifies its annual production and shipping capacity.

In commemorating this significant milestone for the project, Dr. Andrew Forrest AO, the Executive Chairman of Fortescue, remarked, "Iron Bridge is a resolute testament to our company's unwavering commitment to our core values, particularly NEGU - Never Ever Give Up determination. The Iron Bridge project encountered temporary setbacks before rebounding and reverting to our Values of empowerment-driven leadership. The team has done an exemplary job, and I extend my heartfelt congratulations to each and every one of the 20,000 individuals who played an instrumental role in achieving an exceptional safety record throughout the construction of this incredibly intricate project. The adherence to our Values has been evident in every phase, from exploration and design to construction and now operations. Iron Bridge is a testament to Fortescue's Values in action, and I express my sincere gratitude to our leaders who have admirably exemplified our core principles."

With the advent of Iron Bridge, Fortescue heralds its entry into the upper echelons of the iron ore market, seizing the opportunity to offer an enhanced product range while simultaneously augmenting its annual production and shipping capabilities.

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