Fortescue, Taiwanese partner approve $2.6 billion stage 2 of Iron Bridge Magnetite Project
In this article:
(Reuters) - Fortescue Metals Group Ltd said on Tuesday said its unit FMG Magnetite Pty Ltd and Taiwanese joint venture partner Formosa Steel IB Pty Ltd approved the development of stage 2 of the Iron Bridge Magnetite Project in Western Australia.
The total capital costs for stage 2 are pegged at $2.6 billion, Fortescue said in a statement.
(Reporting by Aditya Soni in Bengaluru; Editing by Sonya Hepinstall)
