Australian miner Fortescue has announced that it has officially opened its 40 million mt per year Kings Valley iron ore mine in its Solomon Hub in the Pilbara region, Western Australia, marking the completion of the $9.2 billion expansion of its Pilbara operations.
The completion of the Kings Valley mine has lifted Foretscue's total production capacity to its planned 155 million mt per year.
The $9.2 billion expansion included the construction of the greenfield Solomon Hub project, one of the world's largest iron ore developments comprising Kings Valley and the nearby 20 million mt per year Firetail mine, an expansion of the Christmas Creek mine to 50 million mt per year, and major extensions of Fortescue's port and rail facilities.