FMG celebrate eight years of shipments

Fortescue has celebrated its ‘lucky eight’ year anniversary of its first shipment to Chinese customers.

Earlier this week the miner celebrated the shipment of commercial iron ore from the Herb Elliot port to Shanghai Baosteel’s Majishan port, noting the significance of the milestone to its Chinese customers, who believe the number eight is lucky and indicates wealth and prosperity.

“In eight years Fortescue has shipped over 680 million tonnes of iron ore to our valued Chinese customers, as well as those in Japan, Korea, and India,” Fortescue chief executive Nev Power said.

“We are supporting China’s rapid development and industrialisation, while also taking an active part in the establishment of Australia’s most important trading relationships with China across the region.”

Power went on to state the recent release of China’s 13th five year plan, and FMG’s involvement in the 2016 Boao Forum has reinforced the ongoing economic co-operation between Australia and China, which was further strengthened earlier this year following the extension of Rio Tinto and Sinosteel’s Channar Mining joint venture, which has run for three decades.

Baosteel president Dai Zhihao congratulated FMG on its milestone, wishing it continued success.

“A great deal has been achieved by the Fortescue team in eight short years,” Power said, “ and I am very excited about the further opportunities that lie ahead.”