DOCSLIB.ORG

2014 Annual Report 2008 First Ore on Ship 2009 27 Million Tonnes Shipped 2010 Christmas Creek Expanded

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2014 Annual Report 2008 First Ore on Ship 2009 27 Million Tonnes Shipped 2010 Christmas Creek Expanded THE PATHWAY FROM CONSTRUCTION TO PRODUCTION 2003 The dream begins 2004 Cloudbreak identified 2005 S&P/ASX 200 index 2006 Port Hedland groundbreaking Fortescue Metals Group Limited Limited Metals Group Fortescue 2008 First ore on ship 2009 27 million tonnes shipped 2010 Christmas Creek expanded 2011 I Solomon construction begins 2014 2012 ReportAnnual 57.5mt shipped 2013 Firetail opened at Solomon 2013 80.9mt shipped 2014 Kings Valley mine opened at Solomon 2014 155mtpa sustainable production 2014 ANNUAL REPORT ABN: 57 002 594 872 www.fmgl.com.au @FortescueNews 2014 CORPORATE DIRECTORY Australian Business Number Stock Exchange Listings Awards ABN 57 002 594 872 Fortescue Metals Group Limited shares are listed 2014 Platts Global Metals Awards 2013 Australasian Institute of Marine Surveyors on the Australian Securities Exchange (ASX) – Metal Company of the Year – Excellence in the Application of Gears, Motors or ASX Code: FMG Drives with Metso Mining and Construction Directors 2014 Platts Global Metals Awards – Rising Star Award 2013 SAP Award of Excellence Andrew Forrest – Non-Executive Chairman Fortescue Share Registry – Best Run Development and Testing Technology Herb Elliott – Non-Executive Deputy Chairman 2014 Mines and Money Asian Mining Awards Platform Nev Power – Executive Director Link Market Services Limited – Project Development of the Year Graeme Rowley – Non-Executive Director Level 4 Central Park AustCham Westpac Australia China Business Awards Owen Hegarty – Non-Executive Director 152 St Georges Terrace 2014 Mines and Money Asian Mining Awards – Andrew Forrest Cao Huiquan – Non-Executive Director Perth WA 6000 – Deal of the Year Mark Barnaba – Non-Executive Director 2014 Women in Industry Geoff Raby – Non-Executive Director Locked Bag A14 2014 Gartner Asia Pacific Business Process – Excellence in Mining Award – Julie Shuttleworth Herbert Scruggs – Non-Executive Director Sydney South NSW 1235 – Management Excellence Awards Elizabeth Gaines – Non-Executive Director Phone: 1300 733 136 (Australia) WAITTA CIO of the Year Peter Meurs – Executive Director +61 2 8280 7603 (International) 2014 Australian Business Awards – Vito Forte Sharon Warburton – Non-Executive Director Fax: (02) 9287 0309 – Community Contribution Web: www.linkmarketservices.com.au 2013 SkilledDMC Chairman’s Award 2013 Financial Review CFO Awards – Damien Ardagh Company Secretary For any change in personal details, – Syndicated Loan of the Year please contact Link Market Services. 2013 CCI Apprenticeship Solutions Mark Thomas Worksafe Plan Gold Certificate (TPI) – Employer Excellence Awards Outstanding Employer of Mature Age Apprentices and Trainees (large) Annual General Meeting Principal Registered Office in Australia 12 November 2014 Level 2, 87 Adelaide Terrace East Perth WESTERN AUSTRALIA 6004 Finalist Awards Tel: +61 8 6218 8888 Fax: +61 8 6218 8880 Prefer email? Website: www.fmgl.com.au 2014 West Australian of the Year Award Business 2013 Chartered Institute of Purchasing and Supply Email: [email protected] There is a better way to access your information – Nev Power – Procurement Professional Awards and help the environment 2014 CMEWA Safety and Health Innovation Awards Best Example of Socially Responsible Procurement Auditor Every year we are required to communicate information – Finalist – Finalist to securityholders, including annual reports, notices PricewaterhouseCoopers of meetings and other advices. 2013 Procurement Leaders Awards 2014 Australasian Reporting Awards Level 15, 125 St Georges Terrace – Excellence Award – Bronze Medal Perth WESTERN AUSTRALIA 6000 We believe everyone benefits from electronic security holder communication – securityholders receive prompt 2014 International Tetra Awards information and have the convenience and security of – Best Use of Tetra for Transport Internal Auditor electronic delivery, there are significant cost savings, and our communications are environmentally friendly. KPMG Please alter your communication preferences by logging 235 St Georges Terrace in via the Registry website: Perth WESTERN AUSTRALIA 6000 www.linkmarketservices.com.au. Fortescue Metals Group Limited I Annual Report 2014 Fortescue Metals Group Limited I Annual Report 2014 OUR VISION Our vision is to be the safest, lowest cost iron ore producer OUR VALUES 1 Safety Family Empowerment Enthusiasm Determination Frugality Integrity Generating ideas Set yourself stretch targets Fortescue Metals Group Limited I Annual Report 2014 FY14 OPERATION HIGHLIGHTS August 2013 October 2013 Official opening of the fourth berth at Herb Elliott Port Surge bin increases outload capacity Port March 2014 February 2014 December 2013 2,000th ship berthed at Port Fifth berth commenced 300 millionth tonne construction shipped September 2013 November 2013 Robotic ore car maintenance facility opened 13th rake fully operational Rail 2 March 2014 March 2014 December 2013 10,000th train Hamersley Line train control Integrated train control completed system commissioned 2013 September 2013 Improved train load out performance - Benefits realised from enhanced processing capabilities less than 2.2 hours per train including the reduction of strip ratios Chichester Hub June 2014 Strip ratios at Cloudbreak and Christmas Creek averaged 3.2 for the June 2014 quarter, slightly below the five-year mine plan of 3.5 November 2013 November 2013 March 2014 Power station fully operational Kings Valley OPF first ore Official opening of Kings Valley project Solomon Hub July 2014 June 2014 First Kings Valley channel iron deposit (CID) mined 16 autonomous trucks in operation Fortescue Metals Group Limited I Annual Report 2014 CONTENTS 1013 Corporate directory About Fortescue 4 Where we operate 5 Chairman’s report 6 Chief Executive Officer’s report 10 Operations report 14 Reserves and resources report 18 Corporate social responsibility 25 Corporate governance 54 Financial report 73 Directors’ report 74 Remuneration report 98 Auditor’s independence declaration 120 Independent auditor’s report to the members 121 Directors’ declaration 123 Financial statements 124 Shareholder information 170 Tenement report 171 Fortescue Metals Group Limited I Annual Report 2014 ABOUT FORTESCUE Fortescue Metals Group is the world’s fourth largest producer of iron ore, having started as a vision just over a decade ago. Fortescue discovered world-class deposits in the It operates the fastest and heaviest haul rail network Pilbara’s Chichester Range and Hamersley Range, in the world, where every day 14 trains, and set about redefining the iron ore industry. each 2.7 kilometres long, transport about 33,000 Construction began at its first mine, Cloudbreak, tonnes of ore per train from mine to port. Fortescue’s in 2006 while work also started on a 256 kilometre efficient port operations shipped 124.2 million tonnes railway from Cloudbreak to Port Hedland and on world- in Financial Year 2014 and the company is targeting class facilities at Herb Elliott Port. Two years later, and 155 to 160 million tonnes in FY15. only five years after the company was formed, Fortescue shipped its first cargo of iron ore bound for China. Fortescue is now focused on maximising throughput, bringing down costs, paying back In 2014, Fortescue completed a US$9.2 billion debt and increasing shareholder value with the expansion ahead of schedule increasing its capacity to aim of being the safest, lowest cost, most profitable 155 million tonnes per annum. The company has now iron ore producer in the world. built four mines across its two operating hubs – Chichester and Solomon. t 4 FY14 HIGHLIGHTS Ore shipped 54% EBITDA1 US$bn 58% 124mt 5.6 81mt 3.6 58mt 2.7 3.0 40mt 41mt 1.1 FY10 FY11 FY12 FY13 FY14 FY10 FY11 FY12 FY13 FY14 Revenue US$bn 45% Net profit after tax US$bn 57% 11.8 2.7 8.1 1.7 6.7 1.6 5.4 1.0 3.2 0.6 FY10 FY11 FY12 FY13 FY14 FY10 FY11 FY12 FY13 FY14 Net debt2 US$bn 32% C13 US$/wmt 23% 10.5 48 7.2 44 44 6.2 31 34 2.2 1.7 FY10 FY11 FY12 FY13 FY14 FY10 FY11 FY12 FY13 FY14 1 EBITDA = profit before income tax adjusted for depreciation and amortisation, asset write- 2 Net debt = debt + cash and cash equivalents offs, exploration, development and other write-offs, net finance costs and gain or loss on 3 C1 = costs of mining, processing, rail and port per wet metric tonne refinancing (refer page 89 reconciliation). (refer page 85 reconciliation). Fortescue Metals Group Limited I Annual Report 2014 WHERE WE OPERATE 5 Fortescue is the world’s fourth largest iron ore producer 2013 Firetail Mine 2013 Kings Valley Project in construction Fortescue Metals Group Limited I Annual Report 2014 CHAIRMAN’S REPORT 6 Chairman Andrew Forrest and CEO Nev Power at the official opening of the Kings Valley project at the Solomon Hub I am delighted to introduce Fortescue’s 2014 annual report. The past year marked a significant milestone in Fortescue’s evolution by cementing our hard earned status as the new force in iron ore and placing us on track to becoming the force in the global iron ore industry. These achievements stand as testament to the hard work, the completion of the expansion, our gaze was drawn to determination and faith of the Fortescue family in the an enormous banner draped against the ore processing shared ambition of building our company into one of the facility. Four words encapsulated a journey that began world’s leading mining groups. It is an achievement of around my kitchen table 11 years ago: Turning Vision into which the Board of directors, on behalf of all stakeholders, Reality. And there at Kings Valley we took a moment to are very proud. revel in what we had achieved and pay tribute to those who believed in our vision: our wonderful employees, Our team has proved their courage to defy the odds, our contracting partners, our local communities, our to prove their detractors wrong, time and time again. customers and our shareholders. Together, we had the Your company, dear fellow shareholder, has earned courage to pursue what many people mocked and for its reputation of translating vision into reality. There that, I thank you.
Load more

Recommended publications
  • Socially Conscious Australian Equity Holdings
    Socially Conscious Australian Equity Holdings As at 30 June 2021 Country of Company domicile Weight COMMONWEALTH BANK OF AUSTRALIA AUSTRALIA 10.56% CSL LTD AUSTRALIA 8.46% AUST AND NZ BANKING GROUP AUSTRALIA 5.68% NATIONAL AUSTRALIA BANK LTD AUSTRALIA 5.32% WESTPAC BANKING CORP AUSTRALIA 5.08% TELSTRA CORP LTD AUSTRALIA 3.31% WOOLWORTHS GROUP LTD AUSTRALIA 2.93% FORTESCUE METALS GROUP LTD AUSTRALIA 2.80% TRANSURBAN GROUP AUSTRALIA 2.55% GOODMAN GROUP AUSTRALIA 2.34% WESFARMERS LTD AUSTRALIA 2.29% BRAMBLES LTD AUSTRALIA 1.85% COLES GROUP LTD AUSTRALIA 1.80% SUNCORP GROUP LTD AUSTRALIA 1.62% MACQUARIE GROUP LTD AUSTRALIA 1.54% JAMES HARDIE INDUSTRIES IRELAND 1.51% NEWCREST MINING LTD AUSTRALIA 1.45% SONIC HEALTHCARE LTD AUSTRALIA 1.44% MIRVAC GROUP AUSTRALIA 1.43% MAGELLAN FINANCIAL GROUP LTD AUSTRALIA 1.13% STOCKLAND AUSTRALIA 1.11% DEXUS AUSTRALIA 1.11% COMPUTERSHARE LTD AUSTRALIA 1.09% AMCOR PLC AUSTRALIA 1.02% ILUKA RESOURCES LTD AUSTRALIA 1.01% XERO LTD NEW ZEALAND 0.97% WISETECH GLOBAL LTD AUSTRALIA 0.92% SEEK LTD AUSTRALIA 0.88% SYDNEY AIRPORT AUSTRALIA 0.83% NINE ENTERTAINMENT CO HOLDINGS LIMITED AUSTRALIA 0.82% EAGERS AUTOMOTIVE LTD AUSTRALIA 0.82% RELIANCE WORLDWIDE CORP LTD UNITED STATES 0.80% SANDFIRE RESOURCES LTD AUSTRALIA 0.79% AFTERPAY LTD AUSTRALIA 0.79% CHARTER HALL GROUP AUSTRALIA 0.79% SCENTRE GROUP AUSTRALIA 0.79% ORORA LTD AUSTRALIA 0.75% ANSELL LTD AUSTRALIA 0.75% OZ MINERALS LTD AUSTRALIA 0.74% IGO LTD AUSTRALIA 0.71% GPT GROUP AUSTRALIA 0.69% Issued by Aware Super Pty Ltd (ABN 11 118 202 672, AFSL 293340) the trustee of Aware Super (ABN 53 226 460 365).
    [Show full text]
  • Rutila Resources Ltd ASX
    Rutila Resources Ltd ASX : RTA For personal use only Investor Presentation 27 November 2013 Rutila Resources Ltd – Disclaimer This Presentation has been prepared by Rutila Resources Ltd (ABN 139 886 187) (Rutila or the Company). This Presentation contains summary information about Rutila and its subsidiaries (Rutila Group) and their activities current as at the date of this Presentation. The information in this Presentation is of general background and does not purport to be complete or to comprise all the information that a shareholder or potential investor in Rutila may require in order to determine whether to deal in Rutila shares. It should be read in conjunction with Rutila Group’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange (ASX), which are available at www.asx.com.au. This document is not a prospectus or a product disclosure statement under the Corporations Act (Cth) 2001 (Corporations Act) and has not been lodged with the Australian Securities and Investments Commission (ASIC). Not investment or financial product advice This Presentation is for information purposes only and is not financial product or investment advice or a recommendation to acquire Rutila shares and has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek financial, legal and taxation advice appropriate to their jurisdiction. Rutila is not licensed to provide financial product advice in respect of Rutila shares. Cooling off rights do not apply to the acquisition of Rutila shares.
    [Show full text]
  • Solaris Core Australian Equity Fund (Performance Fee Option) (APIR: WHT0017AU) Monthly Investment Report As at 31 July 2020
    Solaris Core Australian Equity Fund (Performance Fee Option) (APIR: WHT0017AU) Monthly Investment Report as at 31 July 2020 Fund Performance The fund underperformed its benchmark for the month by 0.32%. Overweight holdings in Goodman Group, Northern Star Resources Ltd and Charter Hall Group and underweight positions in AMP Limited and Australia and New Zealand Banking Group Limited made a positive contribution to relative performance. The main detractors were overweight holdings in Aurizon Holdings Limited and Woodside Petroleum Limited together with underweight positions in Afterpay Limited, Newcrest Mining Limited and Fortescue Metals Group Ltd. Rolling 3 Years 5 Years 7 Years Since Inception p.a. Returns Month FYTD 1 Year Quarter p.a. p.a. p.a. (31/08/2012) Fund Gross Return^ 0.27% 6.38% 0.27% -12.25% 5.60% 6.05% 8.34% 10.22% Benchmark Return* 0.50% 7.62% 0.50% -9.87% 5.37% 5.15% 6.78% 9.40% Active Return -0.23% -1.24% -0.23% -2.38% 0.23% 0.90% 1.56% 0.82% Fund Net Return^ 0.19% 6.12% 0.19% -13.09% 4.58% 5.03% 7.30% 9.52% Benchmark Return* 0.50% 7.62% 0.50% -9.87% 5.37% 5.15% 6.78% 9.40% Active Return (After fees) -0.32% -1.50% -0.32% -3.23% -0.79% -0.12% 0.52% 0.12% ^ Performance is for the Solaris Core Australian Equity Fund (APIR: WHT0017AU), also referred to as Class C units, and is based on month end prices before tax. Net performance is calculated after management fees and operating costs, excluding taxation.
    [Show full text]
  • Full Year Results Presentation
    Dominic D Smith Senior Vice President & Company Secretary Aurizon Holdings Limited ABN 14 146 335 622 T +61 7 3019 9000 F +61 7 3019 2188 E [email protected] W aurizon.com.au Level 17, 175 Eagle Street Brisbane QLD 4000 GPO Box 456 Brisbane QLD 4001 ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000 19 August 2013 BY ELECTRONIC LODGEMENT Aurizon – Full year results presentation Please find attached for immediate release to the market the Company’s full year results presentation. The presentation will be delivered to an analyst and investor briefing which will commence at 10.30am (AEST). This briefing will be web-cast and accessible via the following link: http://www.media-server.com/m/p/pwt9z573. Yours faithfully Dominic D Smith SVP & Company Secretary FY2013 Results Presentation Lance Hockridge – Managing Director & CEO Keith Neate – EVP & CFO 19 August 2013 Important notice No Reliance on this document This document was prepared by Aurizon Holdings Limited (ACN 146 335 622) (referred to as ―Aurizon‖ which includes its related bodies corporate). Whilst Aurizon has endeavoured to ensure the accuracy of the information contained in this document at the date of publication, it may contain information that has not been independently verified. Aurizon makes no representation or warranty as to the accuracy, completeness or reliability of any of the information contained in this document. Document is a summary only This document contains information in a summary form only and does not purport to be complete and is qualified in its entirety by, and should be read in conjunction with, all of the information which Aurizon files with the Australian Securities Exchange.
    [Show full text]
  • 20130627 D107351
    Ref: O10_0347 Submission to the Economic Regulation Authority – Floor and ceiling costs proposed by The Pilbara Infrastructure (TPI) 11 June 2013 FLOOR AND CEILING COSTS PROPOSED BY THE PILBARA INFRASTRUCTURE (TPI) TABLE OF CONTENTS 1. EXECUTIVE SUMMARY ....................................................................................................................... 2 2. CONTEXT AND PURPOSE ................................................................................................................... 2 1. Context .......................................................................................................................................... 2 2. Purpose........................................................................................................................................... 3 3. REQUIREMENTS OF THE CODE ........................................................................................................... 4 4. COMMENTS ON COSTS PROPOSED BY TPI ....................................................................................... 5 1. TPI failure to provide costs for proposed access ................................................................... 5 2. TPI failure to provide Costing Model or supporting information ......................................... 5 3. Factors to be considered in an assessment of costs ............................................................. 6 5. BROCKMAN’S ASSESSMENT OF COSTS FOR THE ROUTE .................................................................. 7 6. COMPARISON
    [Show full text]
  • The Mineral Industry of Australia in 2008
    2008 Minerals Yearbook AUSTRALIA U.S. Department of the Interior August 2010 U.S. Geological Survey THE MINERAL INDUS T RY OF AUS T RALIA By Pui-Kwan Tse Australia was one of the world’s leading mineral producing and the Brockman iron project in the Pilbara region of Western countries and ranked among the top 10 countries in the world Australia (Australian Bureau of Agricultural and Resource in the production of bauxite, coal, cobalt, copper, gem and Economics, 2009a). near-gem diamond, gold, iron ore, lithium, manganese ore, tantalum, and uranium. Since mid-2008, the global financial Minerals in the National Economy crisis had sharply weakened world economic activities, and the slowdown had been particularly pronounced in the developed Australia’s mining sector contributed more than $105 billion countries in the West. Emerging Asian economies were also to the country’s gross domestic product (GDP), or 7.7% of the adversely affected by the sharply weaker demand for exports GDP during fiscal year 2007-08. In 2008, the mining sector and tighter credit conditions. After a period of strong expansion, employed 173,900 people who worked directly in mining and an Australia’s economic growth decreased by 0.5% in the final additional 200,000 who were involved in supporting the mining quarter of 2008. Overall, Australia’s economy grew at a rate activities. Expectations of sustained levels of global demand for of 2.4% during 2008. During the past several years, owing to minerals led to increased production of minerals and metals in anticipated higher prices of mineral commodities in the world Australia, and the mineral industry was expected to continue markets, Australia’s mineral commodity output capacities to be a major contributor to the Australian economy in the next expanded rapidly.
    [Show full text]
  • Single Sector Funds Portfolio Holdings
    ! Mercer Funds Single Sector Funds Portfolio Holdings December 2020 welcome to brighter Mercer Australian Shares Fund Asset Name 4D MEDICAL LTD ECLIPX GROUP LIMITED OOH MEDIA LIMITED A2 MILK COMPANY ELDERS LTD OPTHEA LIMITED ABACUS PROPERTY GROUP ELECTRO OPTIC SYSTEMS HOLDINGS LTD ORICA LTD ACCENT GROUP LTD ELMO SOFTWARE LIMITED ORIGIN ENERGY LTD ADBRI LTD EMECO HOLDINGS LTD OROCOBRE LTD ADORE BEAUTY GROUP LTD EML PAYMENTS LTD ORORA LTD AFTERPAY LTD ESTIA HEALTH LIMITED OZ MINERALS LTD AGL ENERGY LTD EVENT HOSPITALITY AND ENTERTAINMENT PACT GROUP HOLDINGS LTD ALKANE RESOURCES LTD EVOLUTION MINING LTD PARADIGM BIOPHARMACEUTICALS LTD ALS LIMITED FISHER & PAYKEL HEALTHCARE CORP LTD PENDAL GROUP LTD ALTIUM LTD FLETCHER BUILDING LTD PERENTI GLOBAL LTD ALUMINA LTD FLIGHT CENTRE TRAVEL GROUP LTD PERPETUAL LTD AMA GROUP LTD FORTESCUE METALS GROUP LTD PERSEUS MINING LTD AMCOR PLC FREEDOM FOODS GROUP LIMITED PHOSLOCK ENVIRONMENTAL TECHNOLOGIES AMP LTD G8 EDUCATION LTD PILBARA MINERALS LTD AMPOL LTD GALAXY RESOURCES LTD PINNACLE INVESTMENT MANAGEMENT GRP LTD ANSELL LTD GDI PROPERTY GROUP PLATINUM INVESTMENT MANAGEMENT LTD APA GROUP GENWORTH MORTGAGE INSRNC AUSTRALIA LTD POINTSBET HOLDINGS LTD APPEN LIMITED GOLD ROAD RESOURCES LTD POLYNOVO LIMITED ARB CORPORATION GOODMAN GROUP PTY LTD PREMIER INVESTMENTS LTD ARDENT LEISURE GROUP GPT GROUP PRO MEDICUS LTD ARENA REIT GRAINCORP LTD QANTAS AIRWAYS LTD ARISTOCRAT LEISURE LTD GROWTHPOINT PROPERTIES AUSTRALIA LTD QBE INSURANCE GROUP LTD ASALEO CARE LIMITED GUD HOLDINGS LTD QUBE HOLDINGS LIMITED ASX LTD
    [Show full text]
  • Iron Giants Go Separate Lithium Ways
    Iron giants go separate lithium ways If you look at the latest operational report out this week from global mining major Rio Tinto, it lists its Jadar lithium and borates project in Serbia as being one of its slate of early-stage projects. Indeed, the coverage of the report by the Australian Financial Review concluded with the remark that, of all Rio’s new project line-up, Jadar was far and away the most exciting. Two days later, The Australian newspaper reports that a near neighbour of Rio and also mining iron ore in the Pilbara region of Western Australia, Fortescue Metals Group (FMG), has decided to pass on lithium. The point the company makes is that FMG wants to spend its money reducing costs in its production and shipping of iron ore, not on breaking into new sectors. This shows the difference between the two companies, and their separate approaches to lithium does not reflect on lithium itself, but is explained by the size and purpose of each company. Rio is by far the larger, and in addition to iron ore it is involved in titanium, coal (both coking and thermal), copper and aluminium. In other words, it is a diversified operation and equipped to handle several sectors at once. Fortescue is an iron ore company, with that primary focus. So, as The Australian reports Thursday, “rather than chase up the lithium potential of the iron ore group’s leases in the Pilbara, Fortescue has decided to parcel up the lithium exploration rights and sell them off“. The Fortescue ground is in the same area as a project who owner claims to have one of the world’s largest hard rock sources of lithium, 120km south of the huge Port Hedland iron ore export operation.
    [Show full text]
  • Integrated Rail Network Closure Plan
    Report Integrated Rail Network Closure Plan Long Term Mine Planning 7 June 2018 R-PL-EN-0041 Rev 0 CLOSURE GUIDELINE CHECKLIST Report This closure plan addresses the progressive rehabilitation and closure of rail infrastructure projects associated with the Railway and Port (The Pilbara Infrastructure Pty Ltd) Agreement Act 2004. In the absence of regulatory guidelines for inland infrastructure projects, this closure plan follows the report structure described within the Guidelines for Preparing Mine Closure Plans May 2015 published by the Government of Western Australia Department of Mines and Petroleum (now the Department of Mines, Industry Regulation and Safety) and Environmental Protection Authority. The closure of mining operations, including quarries, is not within the scope of this closure plan. Closure Plan (CP) checklist Y/N Page Comments 1 Has the Checklist been endorsed by a senior Y 2 Report has been endorsed using representative within the tenement holder/operating standard Fortescue processes. company? Public Availability 2 Are you aware that from 2015 all CPs will be made N/A This report is not subject to mine closure publicly available? conditions under the Mining Act. 3 Is there any information in the CP that should not be N publicly available? 4 If “Yes” to Q3, has confidential information been N/A submitted in a separate document/section? Cover Page, Table of Contents 5 Does the CP cover page include: Y 1 This report is provided for information • Project Title only. • Company Name • Contact Details (including telephone numbers and email addresses) • Document ID and version number • Date of submission (needs to match the date of this checklist) Scope and Purpose 6 State why the CP is submitted Y 11 This plan has been provided to support the Eliwana Rail Project Public Environmental Review.
    [Show full text]
  • Promises, Pathways & Performance
    PROMISES, PATHWAYS & PERFORMANCE Climate change disclosure in the ASX200 September 2020 ABOUT ACSI Established in 2001, ACSI provides a strong, collective voice on environmental, social and governance (ESG) issues on behalf of 37 Australian & international investors our members. Our members include 37 Australian and international asset owners and institutional investors. Collectively, they own on average 10 Leading voice on ESG issues and per cent of every ASX200 company. Our advocacy members believe that ESG risks and opportunities have a material impact on investment outcomes. Together, ACSI members own around As fiduciary investors, they have a responsibility 10% of every ASX200 company to act to enhance the long-term value of the savings entrusted to them. Through ACSI, our members collaborate to achieve genuine, measurable and permanent improvements in the ESG practices and performance of the companies they invest in. We undertake a year-round program of research, engagement, advocacy and voting advice. These activities provide a solid basis for our members to exercise their ownership rights. We also offer additional consulting services including: ESG and related policy development; analysis of service providers, fund managers and ESG data; and disclosure advice. CLIMATE REPORTING IN ASX200 COMPANIES: SEPTEMBER 2020 2 TABLE OF CONTENTS Introduction .................................................................................................................................................... 4 Key findings ..............................................................................................................................................
    [Show full text]
  • Ecohydrological Conceptualisation of the Fortescue Marsh Region
    REPORT Ecohydrological Conceptualisation of the Fortescue Marsh Region Prepared for BHP Billiton Iron Ore September 2015 This report has been prepared solely for the purposes of informing environmental impact assessment pursuant to the Environmental Protection Act 1986 (WA) and Environment Protection and Biodiversity Conservation Act 1999 (Cth) and is not intended for use for any other purpose. No representation or warranty is given that project development associated with any or all of the disturbance indicated in this report will actually proceed. As project development is dependent upon future events , the outcome of which is uncertain and cannot be assured, actual development may vary materially from this report. Ecohydrological Conceptualisation of the Fortescue Marsh Region This document has been prepared for the benefit of BHP Billiton Iron Ore. No liability is accepted by this company or any employee or sub-consultant of this company with respect to its use by any other person. This disclaimer shall apply notwithstanding that the report may be made available to other persons for an application for permission or approval to fulfil a legal requirement. QUALITY STATEMENT PROJECT MANAGER PROJECT TECHNICAL LEAD Tracy Schwinkowski Milo Simonic PREPARED BY Milo Simonic ………………………………............... 02/09/2015… CHECKED BY Johan van Rensburg ………………………………............... 02/09/2015… REVIEWED BY Gary Clark ………………………………............... 02/09/2015… APPROVED FOR ISSUE BY Milo Simonic ………………………………............... 02/09/2015… PERTH 41 Bishop Street,
    [Show full text]
  • Mammoet World Getting to the Mine
    GETTING TO THE MINE ON TIME Three draglines, two continents, one objective Issue 13 | 2014 MAMMOET WORLD 67 ine sites are often situated at remote locations. Getting a dragline there involves dealing with a variety of circumstances, such as negotiating M gravel or sand roads, having to remove power lines or reinforcing the road after heavy rainfall in the desert. The greatest challenge is timing; the dragline needs to be operational as soon as possible. State-of-the-art equipment, coupled with knowledge and experience, ensures the heavy equipment reaches its destination safely and on time. Slashing travel time for through the desert, reducing travel excavation site of native American El Segundo Mine, USA time with 60%, from over 30 to 12 artifacts. Because of these width Peabody Energy needed to move days. The better restrictions the SPMT train was their 3500-ton dragline over a longer than preferable, and a distance of 22 miles (32 km) The dragline was the first machine option was special support structure was through the New Mexican desert of that weight to be transported designed to complete the job; we to their El Segundo Mine. over such a long distance. This job to load the added a steel structure made of required the removal of the bucket beams, each 3 ft tall, on top of The dragline, the size of a ship on and walking shoes in order to load dragline each trailer to function as load dry land, is designed to ‘walk’ by the dragline onto trailers for more spreader to ensure the load was using shoes that lift and advance feasible transport.
    [Show full text]