Fortescue Metals Group (ASX:FMG) announced that the first production at its Iron Bridge Magnetite Project has been delayed to the second half of April this year due to weather impacts.
FMG says the project is making significant progress, with commissioning activities progressing and pipeline work nearing completion.
The capital estimate for the project remains unchanged at $3.9B, with Fortescue's share at approximately $3B.
The company's share price closed up 1% today.