Mineral Resources wins USD 1 billion FMG plant contract
2011-07-07 09:17:20 [Print]
It is reported that Mineral Resources has won a USD 1 billion contract to design build and operate Fortescue Metals Group second processing facility at the Christmas Creek iron ore project in the Pilbara.
MinRes said work would begin immediately on the 25mtpa facility with production scheduled to come online by September next year.
The company said "The operational phase of the contract commences on completion of construction and will generate potential revenue in excess of USD 1 billion over 10 years."
MinRes will also upgrade the existing Christmas Creek 19mtpa crushing and screening plant to 25 million tonnes per annum as part of the development.
Mr Peter Wade MinRes chairman said the new contract which was the largest contract crushing operation awarded in Australia maintained the established strong relationship between the companies.
The work will be completed by MinRes subsidiary Crushing Services International which also built the first 19 million tonnes per annum plant at Christmas Creek.
The company also said it was developing its own iron ore operation at Carina in the State Yilgarn region with first production expected by the end of the year.
MinRes said work would begin immediately on the 25mtpa facility with production scheduled to come online by September next year.
The company said "The operational phase of the contract commences on completion of construction and will generate potential revenue in excess of USD 1 billion over 10 years."
MinRes will also upgrade the existing Christmas Creek 19mtpa crushing and screening plant to 25 million tonnes per annum as part of the development.
Mr Peter Wade MinRes chairman said the new contract which was the largest contract crushing operation awarded in Australia maintained the established strong relationship between the companies.
The work will be completed by MinRes subsidiary Crushing Services International which also built the first 19 million tonnes per annum plant at Christmas Creek.
The company also said it was developing its own iron ore operation at Carina in the State Yilgarn region with first production expected by the end of the year.
