Iron Bridge Magnetite Project
Project at a glance
WA Australia (Onshore)
Project Execution Phase
IB OPERATIONS PTY LTD
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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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).