Fortescue Metals Group (ASX: FMG) is an Australian iron ore mining company with holdings of more than 71,000 km2 in the Pilbara region of Western Australia. The company is listed as FMG on the Australian Securities Exchange (ASX) and has shown spectacular share appreciation in the last few years.Fortescue Metals is led by entrepreneur and one of Australia's richest men Andrew Forrest.
Fortescue's 220-wagon iron ore trains are amongst the heaviest trains in the world, and are fitted with electronically controlled pneumatic brakes for greater performance. The 1,435 mm (4 ft 81⁄2 in) (standard gauge) heavy haul railway is used by 35,200-tonne (34,644 LT; 38,801 ST) trains up to 2.5 kilometres (1.6 mi) long carrying 29,000 tonnes (28,542 LT; 31,967 ST) of ore at 40-tonne (39 LT; 44 ST) axleload (the weight of the two 4,000-horsepower (3.0 MW) engines is extra). The railway is open access which means that other miners can use it for a fee. Atlas Exports has signed a commercial agreement to use the line and port.
Fortescue's 220-wagon iron ore trains are amongst the heaviest trains in the world, and are fitted with electronically controlled pneumatic brakes for greater performance. The 1,435 mm (4 ft 81⁄2 in) (standard gauge) heavy haul railway is used by 35,200-tonne (34,644 LT; 38,801 ST) trains up to 2.5 kilometres (1.6 mi) long carrying 29,000 tonnes (28,542 LT; 31,967 ST) of ore at 40-tonne (39 LT; 44 ST) axleload (the weight of the two 4,000-horsepower (3.0 MW) engines is extra). The railway is open access which means that other miners can use it for a fee. Atlas Exports has signed a commercial agreement to use the line and port.
