FORTESCUE Metals (FMG) is predicting a slump in its 2008 production targets as it brings forward a planned shutdown of its port and mine processing plant in Western Australia.
The company expects to come in 10% under target when it shuts the processing plant down for ten days from 17 November 2008 to upgrade facilities.
The closure comes as part of an optimisation program to increase the company’s infrastructure capacity and refine its product offering to meet the Chinese market.
FMG says the short-term impact of the shutdown will deliver lower tonnages, while production and loading volumes will be boosted in the medium-term.
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