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Andrew Forrest’s FMG lodges mining applications in WA’s south



#Andrew #Forrests #FMG #lodges #mining #purposes #south

Mining magnate Andrew Forrest’s Fortescue Metals Group (FMG) has lodged purposes to discover huge tracts of WA’s south coast for important minerals.  

The WA billionaire owns FMG, which has lodged nearly two dozen purposes by way of the mining regulatory physique this month.

The 21 purposes are for tenements in an space stretching from Gnowangerup to Ravensthorpe and Lake King.

FMG is a West Australian mining firm that focuses on the exploration, improvement, manufacturing and processing of iron ore, with most of its belongings positioned within the state’s Pilbara area.

FMG remained tight-lipped when questioned by the ABC about which minerals it was in search of within the Nice Southern, but it surely has been ramping up its seek for lithium.

Lithium is in excessive demand as a result of it’s utilized in batteries for expertise and electrical automobiles.

A map of WA's Great Southern region, with parts highlighted in red.
Dr Forrest’s FMG has utilized for mining exploration licences in giant components of the Nice Southern.(Provided)

The commodity is efficacious due to its excessive cost and low atomic mass.

Different minerals in Ravensthorpe embody nickel and cobalt.

Battery minerals in excessive demand

MineLife senior useful resource analyst Gavin Wendt mentioned FMG would be in search of battery supplies and different metals that would go into renewable vitality.

“Fortescue is more and more positioning itself as a renewable vitality firm, and it is wanting in direction of these future-facing commodities because the world strikes in direction of renewable vitality,” he mentioned.

A country road in Ravensthorpe, WA.
Ravensthorpe is house to nickel and lithium mines. (ABC Nice Southern)

“There’s an actual progress alternative on the market for useful resource corporations.

“We’re beginning to see the world’s main miners … realise that they should get their arms on these strategic supplies due to the rise in demand that is going to come back by way of over the following many years.”