FMG is a new force in the iron ore mining industry and one of the top 200 Standard & Poor's in the Australian Stock Exchange. It has 2.4 billion tons of iron ore resources (including about 65.438+0.05 billion tons of reserves), which laid the foundation for the company to complete the feasibility study of its port, railway and mine construction. The first phase of the project plans to produce 45 million tons of iron ore every year. The proven reserves 1.265438+ 1 100 million tons are enough to meet the group's mining work in the first three years. At present, the company has signed a long-term sales contract with the amount of 4,654,380+0.5 million tons/year. With the continuous expansion of the market, the company will expand its production based on its largest exploration territory in Pilbara-35,000 square kilometers. The control budget of FMG infrastructure construction is 654.38+92 million Australian dollars, covering 260 kilometers of open railway system and multi-berth wharf in Headland Port Area. All key construction contracts were signed within budget. The project started construction in the port area in February 200 6, and dredging began in July. The first batch of ore is expected to be shipped in the first quarter of 2008. After Snowden Mining completed the feasibility study, the group established the Pilbara Mining Alliance with the famous Roche mining company * * * to be responsible for the ore mining and processing of the project. The project financing has ended, with * * * financing of 3.27 billion Australian dollars.
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