Fortescue juggles China, COVID, costs and climate


Source: leportale.com leportale.com

Key Topics in this News Article:

News Snapshot:

Departing Fortescue chief executive Elizabeth Gaines leaves big shoes to fill, and a series of key challenges for her successor . Fortescue ’s changing mine plan means increased haulage costs , and the COVID-19 challenge isn’t over; Gaines says Fortescue is dealing with a second wave of infections at present, with several workers quarantining at site. She hopes spring and Western Australia’s high vaccination rates might bring an easing of the virus, but is obviously hard to be certain. Gaines ’ successor will also need to deliver the final stages and ramp up of Fortescue ’s new Iron Bridge mine,...