Codelco loses CFO in latest blow to world’s top copper miner

The project, announced in October 2021, is a key plank in Fortescue's ambition to become a major green energy company.

The Iron Bridge Magnetite project, which has been a major plank of the miner's growth strategy, has faced multiple cost blow outs and delays.

Interior Secretary Deb Haaland signed an order on Thursday withdrawing 225,504 acres in the Superior National Forest from leasing.

The underground operation provided 3,000 t/d of ore to the processing plant, which used sulphide flotation recovery.

The initiative is part of the company’s goal to be a “nature positive company” by 2030.

The miner spearheaded the first pilot passport leveraging the ReSource platform in collaboration with its Kamoto Copper subsidiary LG Energy Solution and Tesla.

The two partners have only just ended a long-running tussle over the underground expansion of the mine.

Output curbs could widen a global platinum shortage that Metals Focus forecasts to be the biggest in two decades in 2023.

Barrick Gold remains the country's biggest producer with output reaching 23 tonnes last year.