Asset Report

Solomon Hub iron ore mine

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13 June 2021

Solomon Hub iron ore mine

Report summary

The Solomon Hub comprises FMG's Kings and Firetail mines which together produce 75-80 Mtpa. Kings Fines are sold as a discrete fines product while most ore from Firetail is blended with Chichester ore to produce the 58% Fe Fortescue Blend. Solomon is FMG's lower cost hub, primarily due to the fact that Firetail is a dry processing operation. The hub has reserves for at least another 20 years in mine life but Firetail is assumed to deplete 2024, although it has the potential to run longer if new reserves are defined. FMG are developing the nearby Queens Valley deposit which will extend Solomon's mine life to 2040.

Table of contents

  • Summary
  • Key issues

Tables and charts

This report includes 12 images and tables including:

  • Detailed map
  • Participation
  • Marketable reserves (at 01/01/2021)
  • Production
  • Production
  • Operations
  • Infrastructure
  • Cash costs
  • Cash costs
  • Capital costs
  • Product quality
  • Economic assumptions

What's included

This report contains:

  • Document

    Solomon Hub.xls

    XLS 211.00 KB

  • Document

    Solomon Hub iron ore mine

    PDF 1.13 MB