"Shortly after [time of closest approach], we will have a direct pass of CZ-4C R/B over our Kiwi Space Radar in New Zealand," the company tweeted today.
"We have scheduled a search mode scan during this time to ensure we only see two objects as expected and hopefully confirm that no new debris is detected."
The possible point of collision was calculated at above the Weddell Sea, just off the coast of Antarctica.
University of Auckland astronomer Professor Richard Easther expected the two objects would either "whizz past each other" or hit.
If that happened, there were fears it could send thousands of new pieces of junk into space, threatening functioning satellites.
"Anything that's in space is both a target and a bullet," he said.
"And when you increase the number of pieces, you're also increasing the likelihood of future collisions."
He saw the possible collision as a "wake-up call" for the space community to be more mindful about the consequences of debris in orbit.
"That means ensuring that satellites are safely de-orbited, or moved out of the way, toward the end of their controllable life."
If the space junk problem couldn't be tackled, the world could be locked into what's called "Kessler Syndrome" - or where entering space becomes too dangerous.
"And even if we don't get the full-on Kessler Syndrome scenario, operating in space will just become much more complex."