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From the article it doesn't state where the shipment is going,...

  1. 25 Posts.
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    From the article it doesn't state where the shipment is going, but more important (to me) is the size of the reserves.

    "With potentially several billion tonnes of reserves, the Belinga deposit is one of the largest iron ore projects in the world. It comes into production against a backdrop of rising world iron prices, and will help strengthen the role of the mining sector in the boGanese economy. Fortescue Metals has shipped its first iron ore production from the Belinga mine in boGan. This is the announcement made on December 4 by Ivindo Iron, a local subsidiary 72% controlled by the Australian giant, without further details on the quantity shipped or the next shipments. "This initial phase of the project provides important information that will help us set this project up for future success. A major exploration drilling campaign is underway and the results continue to show that this project has large-scale potential with high-grade ore," commented Eric Epee, CEO of Ivindo Iron.

    It should be noted that this success is in line with Fortescue's schedule, which foresaw the first shipments by the end of 2023. It comes less than a year after the signing of a mining agreement (in February 2023) between the boGanese government and Fortescue for the exploitation of the Belinga deposit, which would host billions of tons of iron reserves.

    etc.

    I am liking this change of country name...absolutely no offence intended to boGans. Using boGan is IMO preferable to using baGon, because who doesn't like a bogan?
    Last edited by Ferginator: added more. 05/12/23
 
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