Fortescue secures approval for WA mineadmin
Iron ore aspirant Fortescue Metals Group has passed another milestone in the development of its $2 billion Pilbara iron ore project, securing environmental approval for the mine.
The federal government has given the approval for the Perth-based company to develop the Cloud Break deposit at the project.
Earlier this week Fortescue secured a $US400 million ($A534.01 million) equity deal with New York investment group Leucadia National Corporation after a similar deal with Hong Kong’s Noble Group fell through.
Â© 2006 AAP