An old power station is set to become a new bulk commodity and port facility and renew Port Augusta’s economy.
CU River mining has agreed to purchase the former northern power station from Flinders Power Partnership to transform the site, making use of the existing infrastructure such as a five-kilometre rail look and unloading systems.
The mining company has proposed to re-establish Port Augusta as an international transport hub by using advances in trans-shipping to access deeper water in the Upper Spencer Gulf, to ship commodities such as iron ore.
Once the purchase has been settled, CU River will be required to submit the appropriate development applications seeking permissions for its proposed activities. Community engagement will help underpin the SA Government’s development assessment process.
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SA Minister for Energy and Mining Dan van Holst Pellekaan said he was delighted the two organisations had reached an agreement on a sale that offers jobs and investment for Port Augusta.
“The transformation of the northern power station site is just one of many business opportunities that are being explored across the Upper Spencer Gulf and Far North that will enhance the economic importance of our region to the state and the nation,” van Holst Pellekaan said.
“I’m pleased that CU River will continue the very important Community Reference Group established during the closure plan for the power stations.
“The state government is deeply committed to the economic development of regional South Australia as a critical component of the state’s revival,” he said.