MINING AND GREEN ENERGY
World-leading operations and projects
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Iron ore operations
As one of the world’s largest producers of iron ore, Fortescue’s wholly owned and integrated operations in the Pilbara include the Chichester and Western Hubs, and our new magnetite project, Iron Bridge.
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Green energy projects
We’re taking a global leadership position developing projects that harness our planet’s renewable energy, while building and acquiring the technologies to power the mining fleet of the future.
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Integrated operations centre
The Fortescue Hive brings together our entire supply chain to deliver enhanced efficiency and will underpin our future use of technology, including artificial intelligence and robotics.
Operational excellence
Our operational excellence continues to drive strong results
Twenty years ago, Fortescue was created to address a gap in the marketplace. Today, we are the world’s fourth largest iron ore producer, valued at more than A$70 billion. Since 2013, our loyal shareholders have received over A$32 billion in dividends.
Dino Otranto
Fortescue Metals Chief Executive Officer
Iron Bridge
Located 145 kilometres south of Port Hedland is Fortescue’s first magnetite operation, Iron Bridge, which incorporates the North Star and Glacier Valley magnetite ore bodies. It signifies Fortescue’s entry into the high grade segment of the iron ore market, providing an enhanced product range while also increasing annual production and shipping capacity.
Belinga Iron Ore Project, Gabon
The Belinga Iron Ore Project in Gabon is Fortescue’s first iron ore project outside of Australia. We achieved our first shipment from Belinga in December 2023, marking the first time Fortescue has exported iron ore from a port outside of Australia. A major exploration and drilling campaign continues to ramp up which is providing important insights that will help ensure we set this project up for future success.
Critical minerals and iron ore exploration
Fortescue began as an exploration company and we still firmly believe that early stage exploration is the key to unlocking significant value.
Fortescue holds the largest tenement portfolio in the Pilbara region of Western Australia. The resources in both the Western Hub and Eastern Hamersley include significant amounts of high iron content bedded iron ore, adding dry, low-cost tonnes to Fortescue’s product suite.
In the critical minerals portfolio, Fortescue is ramping up exploration activities with a key focus on copper, rare earths and lithium.
International footprint
We have drilling programs underway in Argentina, Chile, Brazil and Kazakhstan with another program commencing in Peru. We are also conducting exploration activities over several other project areas in Latin America and pegging new tenure in Canada.
Decarbonisation
Fortescue released its world leading decarbonisation roadmap in September 2022, which aims to reduce operating costs by eliminating expenditures in diesel, natural gas and carbon offsets.
Our decarbonisation plan includes the deployment of an additional 2-3 gigawatts of renewable energy generation and battery storage, in addition to the deployment of a green mining fleet and locomotives.
Renewable energy infrastructure
The Pilbara Energy Connect project, together with the Chichester Solar Gas Hybrid Project, will deliver 25 per cent of our stationary energy requirements from solar power by FY25, enabling renewable electricity generated at any of Fortescue’s sites to move between our operations in Port Hedland, Iron Bridge, Cloudbreak, Christmas Creek, Solomon and Eliwana, via over 500km of transmission lines.
We have already finished building 320 kilometres of transmission lines to connect Solomon to Iron Bridge through to Port Hedland, and we are on track to commission a 100-megawatt solar farm near our Iron Bridge operations by the middle of 2024.
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