Fortescue hits 1.5 billion tonnes shipped from the Pilbara
Fortescue Metals Group (Fortescue) has marked a significant milestone for its Pilbara operations, exporting over 1.5 billion tonnes of iron ore since it was first established in 2003. It comes less than three years after the company celebrated shipping its billionth tonne from Herb Elliott Port in Port Hedland.
Fortescue Metals Group
This latest milestone coincided with a visit by Australian Prime Minister Scott Morrison to Fortescue’s Christmas Creek operations, hosted by Fortescue Founder and Chairman Dr Andrew Forrest AO.
“From the start, Fortescue’s journey has been to unlock the potential of the Pilbara and build Australia’s economy through the export of iron ore to the developing world,” Dr Forrest said.
“Today, Fortescue is drawing on the talent and expertise of the entire Fortescue family as we build on our capability as a world class resources company, rapidly evolving into a green hydrogen and energy producer to drive the global transition away from fossil fuels.
“It is with great pride that we welcomed the Prime Minister to our Pilbara operations in his first visit to the Pilbara region of Western Australia to demonstrate how Fortescue is leading the charge to achieve carbon neutrality by 2030, positioning us as a global leader in addressing the climate change challenge.”
Fortescue Chief Executive Officer Elizabeth Gaines commented: “Since our first shipment in 2008, Fortescue has now exported over 1.5 billion tonnes to our customers in China and other markets. We are proud of our significant contribution to the Western Australian and national economies through jobs, investment and the flow of taxes and royalties.
“Fortescue Future Industries is driving the transition to green energy, continuing to power the Australian economy and creating jobs for thousands of Australians.
“I would like to thank the entire Fortescue team, including our contractors and suppliers, for their hard work, commitment and contribution to our record performance in the past year and the achievement of this significant milestone,” Ms Gaines said.
Facts & Figures
- Fortescue’s first shipment of iron ore departed Port Hedland in 2008 for Shanghai Baosteel’s Majishan Port
- Since the first shipment:
- Over 46,680 trains have been unloaded at Port Hedland
- Over 8,110 ships have left Fortescue’s Herb Elliott Port
Last month, Fortescue - the world's fourth biggest iron ore producer - brought forward its self-imposed net zero deadline by 20 years. As part of that goal, the company is aiming to produce green hydrogen in Brazil.
Vale invests $150mn to extend life of Manitoba operations
Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.
Global energy transition is boosting the market for nickel
The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.
“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.
“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”
Vale continues drilling program at Manitoba
Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.
“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.
“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”
The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history. Mining of the Thompson orebody began in 1961.
“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.