Andrew Forrest’s Fortescue Metals Group taking longer than forecast to get troublesome Iron Bridge project into production.
has hit another snag with a delay in first production and commissioning of key infrastructure taking longer than expected.
In its latest update, Fortescue revealed it has not finished commissioning and testing a number of key pieces of infrastructure. Fortescue budgeted $US2.6 billion for the project and targeted first production in mid-2022 when it was first announced about four years ago. The construction work has involved building a 220 kilometre-long pipeline to supply 20 gigalitres of water a year from bores in the Canning Basin and twin concentrate and recycled water pipelines from the Iron Bridge to concentrate handling facilities at Port Hedland.
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