Thiess secures Iron Bridge extension

Thiess has been awarded a two-year contract extension for mining and asset management works at the Iron Bridge magnetite mine in WA’s Pilbara region.

The extension, which includes an option to extend a further two years, builds on its successful operations at the Iron Bridge mine since 2022.

Under the new agreement, Thiess will expand delivery of mining and asset management services, continuing the long-standing relationship with Fortescue (ASX: FMG).

The award supports the ongoing ramp-up of the project – operated by Fortescue in a joint venture with Formosa steel – as it is set to increase its production profile, with the company to mobilise additional fleet and personnel.

Thiess group executive chair and chief executive Michael Wright says the company is delighted to extend its collaboration with Fortescue.

“Thiess has a long and proud association with Fortescue in critical mine development and, more recently, in asset services and technology,” he said.

“The Iron Bridge project builds on this. It is a key part of Australia’s iron ore export profile, introducing magnetite, a premium product line with lower inherent emissions, and supports our ongoing strategy to diversify our commodities 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.”

Fortescue Iron Bridge operations director Graham Howard acknowledged Thiess’s ongoing support.

“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,” he said.

“It ensures Iron Bridge continues to deliver long-term benefits for Fortescue and Formosa and our shareholders.”

Thiess Australia West group executive David Greig says the team is looking forward to being part of this period of growth and praised the team’s contribution to date.

“Our team’s strong safety record and exceptional operational performance at Iron Bridge demonstrate our ongoing commitment to excellence and sustainability,” he said.

“This contract extension is testament to our dedicated workforce, whose efforts are focused on safe, efficient, and high-quality outcomes for our valued clients.”