FAST - Fluor SKM Iron Ore Joint Venture, is a partnership between global business leaders; working with BHP Billiton Iron Ore on its multi-billion dollar growth plans in Western Australia. The FAST Programme is defining and leading the international natural resources market.
FAST oversees the construction of several expansion projects simultaneously and selected EPCM (engineering, procurement, construction and management) services.
In partnership with BHP Billiton Iron Ore, the current growth plans include over US$7 Billion of capital investment:
The growth work will deliver in excess of 220 million tonnes per annum (mtpa), with first production expected from the new Jimblebar mine in early 2014.
On top of this, a further almost US$2 Billion of capital expenditure was also approved in January 2010. This funding allowed early procurement of long lead time items and detailed engineering.