Veris awarded contract for Iron Bridge Magnetite Project

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.

The works, to be executed under subcontract with MPC Kinetic, are expected to generate $2.0 million in revenue for Veris Australia.

Works have already commenced and have an expected duration of 12 months. The specific scope of works includes boundary staking, centreline set-out, feature and design surveys, level monitoring and as-built surveys for the pipeline route.

The Iron Bridge Magnetite Project, a joint venture between Fortescue Metals Group subsidiary FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd, is set to deliver 22 million tonnes per annum of high-grade magnetite concentrate product. The project is located 145km south of Port Hedland in Western Australia.

The contract award leverages Veris Australia’s position as the leading pipeline survey and spatial data service provider nationally and adds to the extensive portfolio of pipeline surveys previously delivered. It also further enhances the Company’s experience, capability and relationships as it continues to secure pipeline and linear infrastructure projects across Australia.

Michael Shirley, Chief Executive Officer, Veris Australia commented:

“It’s pleasing to see our significant expertise in pipeline surveys once again recognised with the award of this contract, which follows other recent project wins in pipelines and linear infrastructure across Australia.

“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.”

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