The expansion will increase production from 9.5 Mpta to 16 Mtpa of pellets and provide an additional 4 Mtpa of export concentrate. FPM has an estimated resource of 18 billion tonnes of iron ore (predominantly magnetite) in nine deposits with an average iron content of approximately 30%. Mining is currently undertaken at the Gorishne - Plavninskoe and Larrikovskor deposits and development is planned for the Yeristorskoe deposit located just north from existing operations.
WorleyParsons has entered into a Project Management Alliance with FPM to provide program management and technical resources in workshare centres globally to deliver the project. WorleyParsons manages several specialist technology partners and Ukrainian Design Institutes engaged to assist in the delivery of the project. The alliance team includes a number of FPM staff who will gain valuable project delivery experience through direct involvement in the project. The alliance utilises WorleyParsons project delivery methodology systems and procedures.