# Outotec wins €50M contract for Iron Bridge magnetite project

Outotec has been awarded a €50 million contract by Fortescue for the Iron Bridge magnetite development in Australia. The contract includes delivery of 10 HIGmill high-intensity grinding mills and services, with deliveries in 2020 and 2021.

- Type: Contract
- Announced: 2019-10-20
- Where: Australia
- Value: $55.5M (50.0M EUR)
- Status: announced
- Products: HIGmill high-intensity grinding mills
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Outotec](https://endata.com/companies/776.md)
- [Fortescue Metals Group](https://endata.com/companies/5503.md) (customer)

## Sources

- [miningnews.net](https://www.miningnews.net/mets/news/1373906/outotec-wins-iron-bridge), 2019-10-20: "Outotec has been awarded a €50 million for the Iron Bridge magnetite development."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.