IRON MINES AND MINING – GABON

Fortescue aims for 2030 debut in African iron ore

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Original article by Peter Ker
The Australian Financial Review – Page: Online : 24-Dec-25

Gabon’s President Brice Oligui Nguema has committed to undertaking a "comprehensive audit" of every mining agreement that the developing nation secured between 2010 and 2024. This is likely to include the deal that Fortescue struck with Nguema’s predecessor Ali Bongo in 2021 regarding the Belinga iron ore project. Fortescue’s executive chairman Andrew Forrest recently travelled to Gabon to discuss the project with Nguema. Fortescue aims to complete a feasibility study by the end of 2026, and Forrest has indicated that he wants shipments to begin by 2030.

CORPORATES
FORTESCUE LIMITED – ASX FMG

Iron ore giants place bets on Gabon, Pilbara

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Original article by Peter Ker
The Australian Financial Review – Page: 20 : 6-Dec-23

Fortescue Metals Group has shipped the first iron ore from its Belinga project in Gabon, just 10 months after it signed a mining convention with the African nation’s former government. Meanwhile, Rio Tinto has advised that it will spent $110m on a pre-feasibility study for the Rhodes Ridge iron ore mine in the Pilbara region, and an additional $400m on exploration drilling between 2024 and 2028. Rhodes Ridge is estimated to contain 6.8 billion tonnes of ore at an average grade of 61.6 per cent iron content, including 600 million tonnes at 63.9 per cent iron content. Rio Tinto expects production to start in 2030.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, RIO TINTO LIMITED – ASX RIO