CU-River Mining to transform power station site in SA jobs boost
February 2nd, 2019
More than 150 jobs will be created in the Port Augusta region once the new owners of the former Northern Power Station site build a $250 million port.
Flinders Power has sold the former power station site to CU-River Mining — a South Australian iron ore magnetite producer which has mine and exploration licences in the state’s far north.
The new owners plan to turn the site into a “bulk commodity, transhipment port facility” which will boost jobs in the Upper Spencer Gulf town.
It expects more than 150 people will be employed during construction and up to 100 permanent positions will be created once the new $250 million port is up and running.
Construction will start once feasibility and approvals are complete and the port should be operational within two years. It will see the return of commercial shipping to Port Augusta for the first time in 50 years.
It is proposed the port facility will be capable of handling iron ore, grain and other commodities.
Barges will be loaded at the port then sail into Spencer Gulf’s deeper water to unload onto larger, Cape-sized vessels, which have a capacity of approximately 175,000 tonnes. Read more…