Veris wins $2m contract for Iron Bridge Magnetite Project

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Veris Limited’s wholly owned subsidiary, Veris Australia, has been selected to provide surveying, pipeline design, data and GIS support services for a Concentrate and Return Water Pipeline associated with the Iron Bridge Magnetite Project, located 145km south of Port Hedland in WA.

A joint venture between Fortescue’s subsidiary FMG and Formosa Steel, the Iron Bridge Magnetite Project is set to deliver 22 million tonnes per annum of high-grade magnetite concentrate product.

According to Veris’ statement, the works, to be executed under subcontract with MPC Kinetic, include boundary staking, centreline set-out, feature and design surveys, level monitoring and as-built surveys for the pipeline route.

CEO Michael Shirley said the contract award leverages the company’s position as the leading pipeline survey and spatial data service provider nationally and adds to the extensive portfolio of pipeline surveys previously delivered.

Adertisement

“MPC Kinetic is a key client of Veris and we have a well-established relationship, having worked together on numerous pipeline projects previously, and I look forward to our team once again delivering for MPC Kinetic on this key piece of infrastructure underpinning the development of the Iron Bridge project,” Mt Shirley added.

““We continue to take big strides forward as a business, with our recent and continued investment in leading-edge data capture technologies and visualisation platforms, which are well complimented by significant contract awards such as this.

“There continues to be a number of pipeline developments under consideration across Australia, and I am confident we are well positioned to take advantage of these opportunities and continue to provide innovative solutions through our technology.”

Image credit: https://www.fmgl.com.au/about-fortescue/our-operations