Ivan Chee, chief executive officer of iron ore producer Fortress Minerals, shares how it is innovating and diversifying into copper, a key material in green technologies, for its next stage of growth
For Malaysian mining and iron ore producing company Fortress Minerals, the industrial boom since the end of the Covid-19 pandemic has been good for business. The firm supplies iron ore to steel mills to make various products, and currently sells over 600,000 wet metric tonnes (WMT) of iron ore per year.
“We are in the close vicinity of two major steel mills in Malaysia which gives us significant advantage including cost saving by means of logistic optimisation. The said mills and the industry in general are increasing their production capacity because of the surge in demand after the pandemic. There is an increasing need for iron ore, especially high-grade ore, our specialty as the industry sees growing focus on decarbonisation. The demand is so high that we...