Fortescue cuts 700 jobs, slows down green hydrogen plans
Fortescue is revising plans to become a major green hydrogen producer, citing high energy costs as main reason for restructuring and layoffs.
An International Patent Application has been filed for the revolutionary new hydrometallurgical process developed for TNG’s 100%-owned Mount Peake iron-vanadium project in the Northern Territory, Australia. The newly-named TIVANTM Process was jointly developed last year in conjunction with TNG’s metallurgical consultants, Mineral Engineering Technical Services (METS). For the first time using hydrometallurgy, the TIVAN process has successfully extracted commercial grades of vanadium, titanium and iron from the Mount Peake deposit, which is hosted by a similar rock type (magnetite-gabbro) to that which hosts most known vanadium deposits worldwide.
