Fortescue is expected to spend some $165-million on the project in 2019, a further $760-million in 2020, and $350-million in 2021, on the project. 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 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 ".