FMG awards contract to CPB for works at Iron Bridge Magnetite Project

CIMIC Group member CPB Contractors has been awarded a new contract by Fortescue Metals Group (FMG) for works at its Iron Bridge Magnetite Project in Western Australia.

Under this contract, CPB Contractors will undertake concrete and detailed earthworks for a wet processing plant at the mine.

Works are expected to commence this year and is due to be completed in 2021.

The US$2.6 billion Iron Bridge Magnetite Project – a joint venture project between FMG Iron Bridge and Formosa Steel IB – is located in the Pilbara region, about 145 kilometres south of Port Hedland.

In addition to the FMG contract, CPB Contractors has also secured a contract from Sunwater – a Queensland Government-owned water service provider – for works to lower the spillway, with ancillary works, at Paradise Dam near Bundaberg. Work is already underway and is expected to be completed in 2021.

The contracts from FMG and Sunwater have a combined value of approximately $128 million.

“The range of work being won by CPB Contractors demonstrates the extent of the capability that we provide to clients to produce reliable, safe and efficient outcomes. We are pleased to support major corporates and governments in the delivery of these projects,” CIMIC Group Chief Executive Officer Juan Santamaria 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,” CPB Contractors Managing Director Diego Zumaquero said.

Source: CPB Contractors; CIMIC Group; Australian Mining; Fortescue Metals Group