Fortescue still bullish on Gabon iron ore dream

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Fortescue still bullish on Gabon iron ore dream
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Fortescue executive Julie Shuttleworth will meet Gabonese coup leaders “imminently” as the miner tries to keep its African iron ore project on track.

by a military junta which in effect ended more than half a century of rule by the Bongo family.

Fortescue mining boss Dino Otranto said all Fortescue staff in Gabon are safe and early signs indicate that the political turbulence will have little impact on daily life in the African nation. Mr Otranto said Fortescue is watching the situation closely and familiar with those who led the coup. The Gabon government has rights to a 10 per cent stake in the Belinga project without having to fund its equivalent share of construction costs.

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