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The group has two main areas of operation located within the Pilbara region of Western Australia, the Chichester Hub and Solomon Hub. Plans to develop a third, Western Hub are currently in developmental stage. In 2017 Fortescue started exploration of possible mining tenements in South America and other parts of Australia.When did Andrew Forrest become CEO of Fortescue Metals?
In his early 30s, he became the founding CEO of Anaconda Nickel (now Minara Resources ), which has since grown to be one of Australia's single largest mineral exporters with its Murrin Murrin Joint Venture nickel project. In 2003, he took control of Allied Mining and Processing and renamed it Fortescue Metals Group.How big is the Fortescue iron ore railway?
It opened in 2008. When it was completed it was the heaviest haul railway in the world, designed for 40 tonnes axleloads, 2.5 to 5 tonnes heavier than the other Pilbara iron ore rail systems. On 4 November 2014, FMG Rail commenced trialling 42 tonnes axle loads.Who are the owners of the Fortescue railway?
The Fortescue railroad is in blue . FMG originally planned to use the existing railway lines, owned and operated by BHP Billiton and Rio Tinto, to develop its Cloud Break deposit. Lengthy legal battles however forced the company to spend A$2.5 billion to construct its own line.