https://www.miningweekly.com

Fortescue hands out A$1.3bn Kings contract

24th June 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Iron-ore major Fortescue Metals has awarded a A$1.3-billion contract variation to ASX-listed project house Leighton Contractors to mine the Kings deposit.

The new contract variation took the value of Leighton’s work at the Solomon Hub to some A$2.8-billion. This included a 2012 contract, valued at A$1.5-billion, to deliver the whole-of-mine management at the Pilbara project.

Fortescue CEO Nev Power said on Monday that the award of the contract marked another significant milestone in Fortescue’s expansion to 155-million tonnes a year, by the end of 2013.

“We’re pleased with Leighton Contractors’ performance at Firetail and we’re delighted to award them the contract at Kings. Our production capacity of 155-million tonnes a year will be achieved with the completion of Solomon, consolidating our position as one of the world’s largest, low-cost producers of iron-ore.”

The Solomon project consists of the Firetail and Kings mines, which would have combined 60-million tons a year production. The Firetail mine, which will produce some 20-million tons a year, was officially opened in May, and took the company’s global capacity to 115-million tons a year.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.137 0.172s - 92pq - 2rq
Subscribe Now