fortescue switiching to natural gas

FMG announced this morning that they are building a 270km natural gas pipeline to the 125 megwatt power station at Solomon hub.

FMG predict that the switch to natural gas from diesel fuel will save them AUD $20 million per year.

FMG CEO Nev Power said the company was committed to reducing energy cost and greenhouse emissions across their mining operations.

Link to ASX release: http://www.asx.com.au/asxpdf/20140116/pdf/42m4lsg5w3w1zc.pdf

IMO, all bodes will for AJQ, given our tenaments locations to other mining operations and the increase demands for gas.

Also, the NT / SA governments still banging on about a joint pipeline to supply natural gas to new areas.