Fortescue will attract large investments

The Australian mining company Fortescue Metals in 2011 expects to attract 2.5 billion dollars to expand their operations. On it informs Bloomberg. Corporations in particular need of $ 4 billion to finance an increase in iron ore production at its mines in Western Australia. Previously reported that Fortescue Metals in February, will bring into operation new iron ore project Christmas Creek. "The hub Chichester continue to work at about 40 million tons per year, while in operation will not be put Christmas Creek, after which production will rise to 55 million tons a year," - said in a holding company. It is known that iron ore reserves in the Australian Christmas Creek deposit is estimated at 1.604 billion tons. Australia's Fortescue Metals has been producing iron ore and is the third largest in the country. Ministry of Industry