Global miner Fortescue said initiatives are being implemented to simplify its structure, remove duplication and deliver cost efficiencies, including the layoff of 700 people across its global operations. “The company must continually evolve to ensure it remains lean, is best positioned to deliver on its strategy and generate the maximum value for shareholders,” Fortescue said. In addition to the layoffs,…
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Fortescue and Liebherr recently completed a first-ever test: the operation of a hydrogen-powered Liebherr T 264, which has been dubbed Europa, at a site outside Perth, Western Australia. The prototype, which has a 1.6-MWh battery (developed by Fortescue WAE) and 500 kilowatts of fuel cells on-board, was tested 19 May. Both companies have called the test a major step forward…
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The Michigan Strategic Fund has approved support and incentives for Fortescue to establish a U.S. Advanced Manufacturing Center in Detroit. The Piquette Avenue site will become a major hub for Fortescue’s production of automotive and heavy industry batteries, fast chargers, and electrolyzers. Full story.
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Photo: Monadelphous Engineering company Monadelphous has secured new construction and maintenance contracts and contract extensions with several miners and an energy company totalling A$170 million. Lynas Rare Earths awarded Monadelphous a construction contract for stage 1 of its Mt Weld expansion project near Laverton in the Goldfields region of Western Australia. The scope of the contract includes structural, mechanical and…
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Liebherr confirmed 31 October that it has received its first T 264 haul truck at the Eliwana mine complex in the Pilbara region of Western Australia – the first of a total of 120 zero-emission machines the miner will deploy by 2030. Full story.
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Dyno Nobel and Fortescue have agreed on a long-term extension of their supply agreement, which will see Dyno Nobel continue supplying its explosive products and services to Fortescue’s Pilbara mining operations.
Read MoreFortescue plans to start construction on the Nyidinghu mine and rail project in Western Australia within the next few years, according to documents filed to WA’s Environment Protection Authority. Full story.
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Fortescue’s first shipment from its newly built Iron Bridge operations in Australia will soon be on its way to Vietnam, marking the first time the company has exported a high-grade magnetite product. Read the full story here.
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The world’s biggest steelmaker China Baowu has signed separate memorandum of understandings (MoUs) with Rio Tinto and Fortescue to focus on reducing emissions associated with iron and steel making. Full story.
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PHOTO: WAE Technologies Fortescue’s decarbonisation journey has taken a major step forward with the delivery of a WAE Technologies battery, ready to be installed in a prototype zero-emission battery electric mining haul truck that the miner is developing with Liebherr. Full story.
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