The company behind a proposed $6 billion iron ore project in the Pilbara has signed an agreement with a Chinese company to build the mine.
Hundreds of jobs will be created as Talison Lithium begins construction of a $320 million lithium concentration plant at Greenbushes in the next couple of months, the company said.
Fortescue Metals Group’s annual community support grants have opened for organisations within the Pilbara.
Fortescue Metals Group says it will repay another US$1 ($1.31) billion of its debt at the end of the month, using free cashflow generated from higher than expected iron ore prices and lower operating costs.
Investors have been cautious in their response to the release of a scoping study by the Mark Creasy-backed Australian Potash which showed its Lake Wells project in WA stood to generate strong returns.