Fortescue Metals Group Limited
(ASX:FMG) says its reached a milestone as it pursues its iron ore production expansion in the Pilbara region of Western Australia.
The miner has processed the first ore through its 25 million tonne per annum Christmas Creek 2 plant, the second ore processing facility at the Christmas Creek iron ore mine.
CEO Nev Power says the development puts Fortescue a step closer to reaching its 155 million tonne per annum production target by the end of the first quarter 2013.
Mineral Resources Limited’s
(ASX:MIN) wholly owned subsidiary Crushing Services International has a build, own and operate contract with Fortescue at the Christmas Creek plants and has also welcomed the development.
Fortescue Metals Group posted a net profit of $1.5 billion in the 2012 financial year.
