CPB Contractors has been awarded a contract at the Iron Bridge magnetite joint venture project in the Pilbara of Western Australia.
The contract from Fortescue Metals Group subsidiary FMG Iron Bridge, and Formosa Steel IB Pty Ltd, the joint venture partners at Iron Bridge, will see the CIMIC Group subsidiary deliver concrete and detailed earthworks for a wet processing plant.
Work will commence this year and is scheduled for completion in 2021, CPB Contractors said.
The Iron Bridge project is expected to see a new magnetite mine developed to support production of 22 Mt/y of high grade concentrate, according to FMG.
The contract was announced in tandem with another award in the water sector, with both set to provide around A$128 million ($92 million) of revenue in total.
CPB Contractors Managing Director, Diego Zumaquero, said: “The award of these contracts is recognition of our people’s expertise in delivering essential and strategic infrastructure projects. Our commitment is to safely and efficiently deliver these projects while maximising the benefits to local communities.”