Australian miner
Fortescue Metals Group has announced that it has reached an agreement with the Port Hedland Port Authority (PHPA) and the Western Australian government to develop a fifth berth at Anderson Point, Port Hedland.
The fifth berth is expected to cost approximately A$250 million which is not currently included in the infrastructure budget for the output capacity expansion to 155 million mt per year.
Fortescue's third berth at Herb Elliott Port at Anderson Point was officially opened in May 2012 and construction of its fourth berth is expected to be completed in the March quarter 2013.
Port Hedland has a current shipping capacity of 495 million mt per year.