Fortescue Metals Group Limited
(ASX:FMG) will manage and supervise two ore processing facilities at its Christmas Creek mine effective immediately.
The miner says it’s exercised its step-in rights under the terms of its contracts with Crushing Services International Pty Ltd (CSI).
The miner says it’s taken the action, in conjunction with CSI and its parent company Mineral Resources Limited
(ASX:MIN), to ensure the safety and hazard free operation of the facilities.
Fortescue says production will slow at both facilities during the transition of management, but expects full-year production targets will be unaffected.
Fortescue generated a net profit of $1.8 billion in fiscal 2013.
