Fortescue to include IOH’s Iron Valley in Nyidinghu expansion project

Australian mining giant Fortescue Metals Group has announced that it has signed a memorandum of understanding with Australia-based company Iron Ore Holdings Limited (IOH) to include IOH's Iron Valley in an expanded Nyidinghu development and mining program located in Chichester Hub in the Pilbara region of Western Australia.
 
Iron Valley is located next to Fortescue's Nyidinghu deposit and the iron ore resource at Nyidinghu extends into Iron Valley. The Nyidinghu project, with more than 2 billion mt of iron ore resources, plays a significant role in Fortescue's capacity expansion to 155 million mt per year.