Fortescue Metals Group Limited
(ASX:FMG) has completed its $2.4 billion expansion of its port facilities at Port Hedland.
The expansion has boosted Fortescue’s export capacity to 155 million tonnes per annum.
It takes Fortescue another step closer to completing its $9 billion expansion to triple production capacity across its mine, port and rail operations by the end of the calendar year.
CEO Nev Power says the port expansion was constructed within the company’s revised schedule and budget.
In separate news, a contract worker has been killed overnight at Fortescue’s Christmas Creek mine. Mining and processing operations at the mine were suspended overnight.
Fortescue Metals generated a net profit of $460.3 million in the first half of fiscal 2013.
