Civmec Limited’s (ASX:CVL) Metals and Minerals division has been awarded a substantial stand-alone Civil contract for the new Iron Bridge Magnetite Project in Western Australia.
The contract with an unincorporated joint venture between Fortescue Metals Group subsidiary FMG Iron Bridge Ltd and Formosa Steel IB, covers the Dry Plant Detailed Earthworks and Concrete package.
Civmec’s scope is for the construction of the structural concrete components for the dry plant, including the primary, secondary and tertiary crushing areas, screening areas, air classification and primary grinding areas, course ore stockpile, dry rejects, conveyors and all related earthing.
It will involve over 350,000 cubic metres of earthworks, the fixing of approximately 5,000 tons of steel reinforcement and the placement of approximately 38,000 cubic metres of concrete.
Civmec’s Chief Executive Officer, Patrick Tallon, said contract works will employ over 200 of Civmec’s skilled workforce at peak plus a commitment to engage with Local Aboriginal Enterprises. The works will commence immediately with an expected completion in the first quarter of 2022.
Through our current delivery of works for Fortescue in the Pilbara, we have formed a strong working relationship built on transparency, trust and collaboration and reliable execution,” Mr Tallon.
“Hence, we are extremely pleased to be given this further opportunity to continue to work with Fortescue on the Iron Bridge project.
“This is an exciting project of a very significant scale with a declared value for the overall project being US$2.6 billion.
“The Iron Bridge Joint Venture has demonstrated and refined each step of the magnetite ore processing system and conducted full-scale trials to ensure the effectiveness of the process and gain confidence in the overall project success”.
This most recent contract award combined with some other recent awards and scope increases on existing contracts take the Group’s current order book to approximately A$901 million.
Based on Western Australia’s Pilbara Region, the Iron Bridge Magnetite Project is for the development of a new magnetite mine to support production of 22 million tonnes per annum (mtpa) of high grade, magnetite concentrate product.
