Thiess has secured a two-year contract extension for mining and asset management services at the Iron Bridge magnetite project in Western Australia’s Pilbara region.
The award builds on Thiess’ work at Iron Bridge since 2022 and supports the continued ramp-up of operations at the site, with the project a joint venture between Fortescue and Formosa Steel. Under the new agreement, Thiess will scale up both fleet and workforce to meet the mine’s growing production demands.
Thiess group executive chair and chief executive officer Michael Wright said the project represents a key step in diversifying the company’s commodity portfolio.
“As Thiess enters this new phase at Iron Bridge, we remain committed to safety, sustainability, and operational excellence, ensuring continued success for our client and the local communities in which we operate,” Wright said.
The Iron Bridge project is part of Australia’s evolving iron ore landscape, producing magnetite, which is a higher-grade, lower-impurity product increasingly in demand for low-emission steelmaking.
Fortescue’s director – iron bridge operations, Graham Howard, described the extension as a vote of confidence in Thiess’ performance.
“[Its] expertise has been integral to the ongoing safe and efficient ramp-up of Iron Bridge,” he said.
“This contract extension reflects the strength of our partnership with Thiess, whose expertise has been integral to the ongoing safe and efficient ramp-up of Iron Bridge.”
Thiess group executive – Australia west, David Greig, also praised the team’s work on site.
“This contract extension is testament to our dedicated workforce, whose efforts are focused on safe, efficient, and high-quality outcomes for our valued clients,” Greig said.
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