Fortescue forecasts higher annual iron ore shipments
Production was higher due to the implementation of a recovery plan in response to the ore car derailment and weather disruptions.
Fortescue Metals Group said on Monday it had signed a deal with the local unit of Canadian utilities company ATCO to build and operate hydrogen refuelling facilities for vehicles in Western Australia.
To start with, the two firms will work towards building and operating a combined hydrogen production and refuelling unit at ATCO’s existing facility in Jandakot, Perth, with the possibility of wider deployment across the state.
The new unit will include a fleet of Toyota Mirai fuel cell electric vehicles provided by Toyota Motor Corp’s Australian unit, the country’s third-largest iron ore miner said.
“As the world moves towards a lower carbon future, hydrogen has the potential to play a key role in the future energy mix and we want to ensure we remain at the forefront of Australia’s renewable hydrogen industry,” said Elizabeth Gaines, chief executive officer of Fortescue.
(By Rashmi Ashok; Editing by Arun Koyyur)
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