FMG 2.15% $18.49 fortescue ltd

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  1. 201 Posts.
    FMG have trialled and propose to use surface miners I have read a couple of articles where BHP and RIO are now considering the same type of mining. Still to be proven in a fully operational enviroment. I have cut and paste why FMG
    chose Surface Miners over conventional Pilbara equipment?

    • Less damage to costly tyres
    • Optimises mining rates and haul
    efficiency
    Flat pit floors Rough pit floors
    • Less ground required open to meet
    production target
    • More efficient equipment schedules
    Pits always open for mining Pits closed for blasting
    • No primary crushing
    • More lump due to less crushing(20%
    premium on lump v fines)
    • Less armouring required on trucks –
    less fuel to move ore
    Produces Smaller particle size Larger particle size
    • Higher Fe grade and iron making quality
    product attracting higher prices
    • Less wastage
    More dilution from thin
    waste seams
    Selective mining reduces
    dilution caused by thin waste
    seams
 
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