FDL flinders diamonds limited

The announcement by fortescue today is significant for Flinders....

  1. 3,267 Posts.
    The announcement by fortescue today is significant for Flinders. Don't underestimate the sigificance in the announcement regarding the Hunter Siding, This is where FMG are planning to construct a rail spur to Solomon where Flinders is. We are in this future and Flinders will benefit in a way that we could not have achieved by ourselves as an emerging iron ore hopeful....exciting times, bring on the agm and the name change on the 16th of april.
    See below extract from this mornings release....
    cheers fs.

    Media Release
    First ore on train and completion of track laying to Cloudbreak
    Perth: April 6, 2008:
    The rolling of Fortescue Metal Group’s (“Fortescue” “ASX:FMG”) first train load of iron out of
    the Pilbara and its automated unloading in the now commissioning new port, named the
    Fortescue Herb Elliott Port, has made Pilbara and Australian resources industry history.
    The event marks the completion of Fortescue's first major stage of wet commissioning of its
    new infrastructure and iron ore production facilities. It included a loaded Fortescue iron ore
    train leaving the company's Hunter Siding, near Cloudbreak, travelling to the Fortescue Herb
    Elliott Port.
    Fortescue Chief Executive Officer Andrew Forrest said the loading of ore at Hunter Siding was
    highly significant. It is the planned access point for other users as an Open Access Siding (185
    kilometres from the port), and the point where the proposed spur line out to Fortescue's large
    Solomon deposit will branch off its main line.
    It coincided with the week that the connection of the entire rail track between Cloudbreak and
    the Port will be achieved.
    The train was fully and automatically unloaded then stacked into stockpile areas by the Port's
    new train unloading conveyor systems to the iron ore stacking circuits.
    Known as FOOT (first ore on train) FMG has now fully tested the integrity of Fortescue's
    railway, rolling stock, train unloading, conveyor and port iron ore stacker systems.
    Mr Forrest said the event was a major breakthrough for the company, proving the capacity and
    capability of Fortescue to quickly design and implement large rail and port infrastructure
    facilities in the Pilbara.
    "This historic event represents the fulfilment of the dreams of few, that was then shared by the
    thousands who built it,” Mr Forrest said. “It will change the face of the Pilbara and the
    Australian economy forever.
    “Through this event, we as a nation take a step to a larger more competitive economy and
    exporter.
    “This is the first and vital step to commissioning the entire operation. It is the major step
    towards achieving First Ore on Ship (FOOS), production ramp-up and overall project
    completion.
    “It will be followed by prompt expansion as our product is in very strong demand.
    "The operational commencement of FMG’s rail and port heralds the opening up of Australia's,
    and one of the world's, richest mineral provinces and is a milestone achievement for the Pilbara and Australia.

    “Today’s achievement will multiply far beyond Fortescue and other new Pilbara resource
    companies, leaving behind the previous stranglehold of Rio Tinto and BHP Billiton. The event
    will herald a new confidence in the permanence and future of the Pilbara.
 
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