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Fortescue Metals Group Limited (ASX:FMG) has scored conditional environmental approval for stage two of its proposed Iron Bridge magnetite project in Western Australia’s Pilbara region.The Pilbara focussed iron ore miner has proposed to develop the North Star Magnetite open cut iron ore mine and associated infrastructure 110 km south south-east of Port Hedland.An environmental hurdle was passed yesterday with Western Australia's Environmental Protection Authority clearing the development subject to 17 conditions aimed at minimising risks.Should Western Australia’s environment minister and the Federal Government offer their clearance Forescue could start producing at the 15 million tonne per year project in 2015.The Iron Bridge joint venture includes Fortescue, China's Baosteel and Taiwanese conglomerate Formosa Plastics Group and stage one construction has already begun.Fortescue Metals Group reported a net profit of $1.9 billion in the first half of the 2014 financial year.
News: Fortescue gets environmental green light
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