Veris Ltd subsidiary, Aqura Technologies, has secured a contract to supply advanced LTE equipment for the Iron Bridge Magnetite project, a joint venture between Fortescue Metals Group subsidiary FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd, in the Pilbara of Western Australia.
The A$2 million ($1.4 million) contract reflects Aqura’s strong focus to understand the evolving technology needs of the project and demonstrate its industry-leading capability to identify and design robust technology solutions that will support clients’ future operational strategies, the company said.
Aqura Technologies CEO, Travis Young, said: “This contract award is a great validation of the strategy the Aqura team are pursuing to leverage their expertise to enable other organisations to achieve positive business outcomes with leading-edge technology. We are very pleased to be supporting the great work of FMG and look forward to assisting them with their longer-term technology transformation program.
“Aqura continues to lead in high-performance industrial connectivity with advanced engagements for new rollouts, and other developments such as the imminent completion of our first 5G-enabled LTE network to bring the benefits of private LTE to a broader spectrum of businesses.”
The $2.6 billion Iron Bridge Magnetite project is expected to see a new magnetite mine developed to support production of 22 Mt/y of high-grade concentrate, according to Fortescue. First concentrate is expected to be produced by mid-2022.