Iron Bridge Magnetite Project
Project owner: IB Operations Pty Ltd, as agent for Iron Bridge Joint Venture between FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd
Project Details:
The Iron Bridge Magnetite Project (Project) is for the development of a new magnetite mine (including processing and transport facilities) and associated infrastructure at the Iron Bridge Magnetite Project site to deliver 22 million tonnes per annum (mtpa) of high grade 67% Fe, magnetite concentrate product. The Iron Bridge site comprises the world class North Star and Glacier Valley magnetite ore bodies, located 145km south of Port Hedland.
First production is expected by December 2022, with ramp up to full production run rate in 12 to 18 months.
IB Operations is seeking expressions of interest from suitably qualified contractors and suppliers for Project tendering opportunities on the ICN Gateway.
Scope Overview:
The Project scope will require the establishment of new facilities, including:
- mine
- ore processing facility
- slurry and return water pipeline
- raw water pipeline
- port infrastructure
- non-process infrastructure, such as airstrip, village extension, telecommunications networks, electricity, water, sewage, and wastewater facilities.
The Iron Bridge Project will be operated by IB Operations Pty Ltd, as agent for the Iron Bridge Joint Venture between FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd. IB Operations Pty Ltd is an Australian private company, which is owned by FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd, each a participant in the unincorporated Iron Bridge Joint Venture.
Local and Indigenous participation:
In line with Fortescue’s commitment to supporting local Western Australian communities, requirements relating to the engagement of local and Indigenous vendors will be included in the selection criteria for the Iron Bridge Magnetite Project tendering opportunities.
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Project at a glance
WA Australia (Onshore)
Project Execution Phase
IB OPERATIONS PTY LTD
WA AUSTRALIAFMG Solomon, a subsidiary of Fortescue Metals Group, will develop the Eliwana Project, following board approval in May 2018.
WA AUSTRALIAFortescue Metals Group is a global leader in the iron ore industry, recognised for its unique culture, innovation and industry-leading development of world class infrastructure and mining assets in the Pilbara, Western Australia.
WA AUSTRALIAThe Pilbara Generation Project (Project) will enhance Fortescue’s existing power generation capacity through the inclusion of 150MW of gas fired reciprocating engine-based power generation, together with 150MW of solar photovoltaic (PV) generation and 50MW of battery storage and will be constructed, owned and operated by Fortescue through its subsidiary Pilbara Energy (Generation) Pty Ltd.
WA AUSTRALIAThe Pilbara Generation Project aims to increase Fortescue’s power generation capacity through the construction by Contract Power Pty Ltd of a new 150 MW gas reciprocating engine power station.
WA AUSTRALIAFortescue Metals Group Ltd (Fortescue) subsidiary FMG Magnetite Pty Ltd and joint venture partner Formosa Steel IB Pty Ltd (Formosa) have approved the development of Stage 2 of the Iron Bridge Magnetite Project (the Project).