Australia: FMG plans to ship 10-12 mnt of magnetite ore from its Iron Bridge mine

  • FMG Magnetite, with joint venture partner Formosa Steel (31%), plans to ship 10-12 mnt of magnetite ore from its Iron Bridge mine in FY’26, targeting 22 mnt nameplate capacity by FY’28.
  • Optimisation of the dry plant, including redesigned air classifiers and ceramic liners, has improved processing efficiency.
  • Annualised production is set to reach 16-20 mnt by H2FY’27 through a staged ramp-up process.

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