On Tuesday, the world's No. 4 iron ore miner said the project continues to make progress while managing weather impacts on activity and infrastructure at the site. The Iron Bridge project, which is key to Fortescue's growth strategy, has faced several issues since its announcement, including the exit of its chief operating officer Greg Lilleyman and two other executives after delays and cost overruns in 2021. The capital estimate for the project remains unchanged at $3.9 billion, with Fortescue's share at about $3.0 billion, it said. (Reporting by Echha Jain in Bengaluru; Editing by Devika Syamnath and Uttaresh Venkateshwaran)
(Adds details on delay)
March 28 (Reuters) - Australia's Fortescue Metals Group said on Tuesday first production at the company's Iron
Bridge Magnetite Project in Pilbara, Western Australia, has been
revised to the second half of April.
The company had said in January the project was set to begin
production at the end of the March quarter.
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