In its report submitted to the Department of Sustainability, Environment, Water, Population and Communities, the miner said that it would submit the project for a public environmental review by mid-2015. The production from the mine is scheduled later in 2016.
The suspension plan is in contrary to company’s previous target of commencing the operations at the mine and rail line during the second quarter of 2013, with production in later part of the year.
The Nyidinghu project is estimated to have a total resource of about 2.46 billion tons, comprising a measured resource of 23 million tons at 59.6% iron, and an indicated resource of 580 million tons at 58.1% iron.
Fortescue is currently working on the Kings mine in the Pilbara with an aim to increase its production capacity to 155 million tons a year by the end of 2014.
