Australian iron ore company Fortescue board has given the green light to the $ 1.27bn Eliwana mine and rail project. The scheme now faces 1 public environmental reviews, but production is expected to begin in the past decade at around $42 per tonne. Fortescue has shipped more than one billion tonnes of iron ore in the past decade and CEO Fortescue Metals said the Pilbara mine would allow the firm to "maintain a minimum 170-million-tonne-a-year production rate over 20 years ".
Australian iron ore company Fortescue Metals' board has given the green light to the $1.27bn Eliwana mine and rail project. The scheme now faces two public environmental reviews, but production is expected to begin in 2020 at around $42 per tonne. Fortescue has shipped more than one billion tonnes of iron ore in the past decade and CEO Elizabeth Gaines said the Eliwana mine would allow the firm to "maintain a minimum 170-million-tonne-a-year production rate over 20 years".