Fortescue Metals Group subsidiary FMG Magnetite and joint venture partner Formosa Steel IB have awarded a contract to MACA for the Iron Bridge magnetite project in Western Australia.
This contract entails bulk earthworks for access roads and infrastructure, which is expected to generate $26 million of revenue for MACA.
The work extends to general earthworks for camp expansion, 23 kilometres of road upgrade works and construction of an explosive facility and access road, as well as a 26km mine access road.
MACA has commenced its work under the terms of the contract.
“MACA is delighted to be working on the Iron Bridge magnetite project, and look forward to successfully delivering this contract,” the company stated.
The Iron Bridge project is a $US2.6 billion ($3.7 billion) development in the Pilbara region. It includes a 22 million wet metric tonnes-per-year ore processing facility (OPF), an airstrip and expanded village, a 195-kilometre Canning Basin water pipeline and a 135-kilometre concentrate pipeline to Fortescue’s Herb Elliot port facility in Port Hedland.
The Iron Bridge project will create 3000 jobs during construction and 900 full time positions once operations have commenced.
It is targeted to produce 22 million wet metric tonnes a year once full operational capacity is achieved. First ore will be delivered in the first half of 2022, with ramp up to full production within 12 months at an all-in sustaining cost of $US45–55 per dry metric tonne.