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FMG in ASX 20 as port expansion approved

Fortescue Metals Group has been granted environmental approval by the Western Australian government to expand its Herb Elliott port facilities at Port Hedland.

 A ship at Fortescue Metals Group's Herb Elliott port in Western Australia

A ship at Fortescue Metals Group's Herb Elliott port in Western Australia

The approval allows for FMG to expand the material handling capacity from 175 million tonnes per annum to 210Mtpa on a staged basis. This includes provisions for 188Mtpa of hematite ore and 22Mtpa of...

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