FORTESCUE Metals has locked† in $US1.5 billion ($A1.44 billion) in new funding for the expansion of its iron ore operations in the Pilbara (WA).
The company has opened a $US750 million ($A720.22 million) term loan, plus a revolving credit facility also worth $US750 million. This funding will support Fortescue’s expansion to 155 mtpa (million tonnes per annum), create new mining jobs for the area.
The Chichester Hub is on target to meet the scheduled ramp-up by the end of 2012 and we remain completely focused on delivering the 155 mtpa expansion by mid-2013, including a second ore processing facility, (which has already begun).
Water and power facilities are being expanded as well as a remote crushing hub and overland conveyor system with mining works having commenced in two areas in preparation for mine expansion. Christmas Creek will get a new airstrip. Fortescue reports good progress has also been made with the construction of roads and bulk earthworks for other infrastructure, an essential consideration for the transportation of iron ore.
These expansions will take the installed capacity of the Chichester Hub to 90 million tonnes per annum (mtpa) Dec 2012. Additionally, an extra 5mtpa will be transported through Christmas Creek from the Fortescue/BC Iron Nullagine Joint Venture.
Pilbara Mining Jobs.
There are 100’s of Pilbara mining jobs being advertised at the moment. Whether you are looking to get into mining as a ‘clean skin’ or you are thinking of working in the mines, now is the time to start. Mining is a financially rewarding career, although it is a demanding and tough industry to work in.
You need to be highly motivated and have the right certifications before you can work on a mine site. A mining induction course will give you the right training you need when you’re looking for entry level mining jobs, or looking to score a job as a dump truck driver or mine site supervisor.