Australia: Fortescue Completes USD 2.4 B Port Expansion
Fortescue Metals Group Ltd today celebrates the completion of a US$2.4 billion expansion of its port facilities in Port Hedland.
WA Treasurer and Minister for Transport Troy Buswell will officially open Fortescue’s fourth berth at Herb Elliott Port, which represents the last major component of an expansion that has lifted Fortescue’s export capacity to 155 million tonnes per annum.
It takes Fortescue another crucial step closer to completing its US$9 billion expansion to triple production capacity across its mine, port and rail operations by the end of calendar year 2013.
The US$2.4 billion port expansion included the construction of two new berths, a second and third outloading and inloading circuit, two shiploaders, two reclaimers, one stacker, two train unloaders, 15.5 kilometres of conveyor systems, transfer stations, drive stations, two sample stations, power and control systems and associated infrastructure.
Fortescue has received approval to construct a fifth berth at Herb Elliott Port, which will allow the company to further develop its highly successful and efficient lay-by berth configuration. Fortescue expects to begin the construction of a fifth berth later this year.
Press Release, August 15, 2013