A $70 million bulk earthworks contract has officially been secured by NRW in Western Australia. The organisation landed the contract for Fortescue Metals Group’s Iron Bridge magnetite joint venture project.
The total value of the joint venture is $3.8 billion, with the project scheduled for completed in mid-2022.
NRW has been given the go-ahead to begin mobilisation despite a number of outstanding contractual items that are yet to be finalised.
The works are said to attract about 200 site-based workers during its peak. NRW will be taking care of road drainage and bulk earthworks, processing plant and infrastructure for the mine site development.
The contract is set to run for a time frame of around 45 weeks. Jules Pemberton, NRW Chief Executive, said that the group are “pleased to be involved” in this exciting new project as they look forward to its successful execution.
Fortescue handed out a contract to MACA in October last year, with mine development quickly progressing at the Iron Bridge project.
The aim of the Iron Bridge magnetite project is to support the production of 22 million wet metric tonnes a year of high-grade magnetite concentrate product.
Fortescue have partnered with Taiwan’s Formosa Steel IB to form the joint venture. The Iron Bridge magnetite project is comprised of five magnetite iron ore deposits, West Star, Glacier Valley, North Star and Eastern Limb, and is located 145 kilometres south of Port Hedland.
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