Fortescue to stem pipeline cash flow

Original article by Nick Evans
The Australian – Page: 16 : 1-Mar-21

Fortescue Metals Group recently stated that it is likely to release a final cost figure for its troubled Iron Bridge magnetite project within three months. The pure-play iron ore miner advised that preliminary figures show that the project will cost about $US3bn, compared with initial estimates of $US2.6bn. Fortescue is also believed to be considering a ‘build-own-operate-transfer’ model for water infrastructure associated with the Iron Bridge project, whereby other companies would bear the cost of building the water network and eventually sell it back to Fortescue.


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