SIMPEC wins $145m Iron Bridge contract

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WestStar Industrial Limited’s engineering contractor business SIMPEC has been awarded a major construction contract by the Iron Bridge Magnetite Project to construct the wet processing plant.

The project – a joint venture between Fortescue’s subsidiary FMG Magnetite and Formosa Steel – is situated approximately 145km south of the town of Port Hedland in Western Australia’s Pilbara region.

The $145 million contract will see SIMPEC deliver the works to support the development of a new mine and associated infrastructure for Iron Bridge.

The company will build the wet processing plant – a significant part of the new magnetite mine – which will be central to the production of 22 wet million tonnes per annum (WMTPA) of high grade, magnetite concentrate product.

SIMPEC Managing Director Mark Dimasi said the award of the wet plant project represented the company’s largest contract win to date with a first-tier client.

“We look forward to further developing our relationship with the Iron Bridge Joint Venture and thank them for the opportunity to deliver such a high-profile project,” Mr Dimasi continued.

“Thank you to the team for their dedication and efforts in securing this major award. This contract will strengthen our position in the market and allow us to continue to take our business to a new level.”

Image credit: https://www.fmgl.com.au/docs/default-source/announcements/iron-bridge-project-approval.pdf?sfvrsn=8cdff6a3_4