<p>Fortescue Metals said it was now halfway to raising the $1bn it needed to fund major expansion of its Pilbara iron ore mine, rail and port infrastructure program.</p> <p>Fortescue said yesterday (Wednesday, July 18) that it had raised $500m by issuing 14m shares at $36 each, having earlier set the target of reaching US$300.</p> <p>The aspirant iron ore company wants to ramp up its operations to handle 60m tonnes a year from 2009 and ultimately, 200m tonnes in the future.</p> <p>The rapid expansion would quadruple the company’s initial aim to produce 45m tonnes of iron ore from its Chichester Range mine, 260km southeast of Port Hedland, and export the product through its own port facilities.</p> <p>The first shipment is due in May 2008.</p> <br />
14
$109,890
2017 OMME MONITOR OMME 2100 EP - 21M TRAILER MOUNTED LIFT
- » Listing Type: Used
Seven Hills, NSW
