$20m to restart Cairn Hill mine in Jan | Adelaide No

CU-RIVER Mining Australia is investing nearly $20 million to restart the Cairn Hill iron ore mine, 55km southeast of Coober Pedy, as a coppergold operation next month. Its sole shareholder and founder Chinese businessman Yonggang Shan bought the failed mine in April this year from the liquidator of IMX-controlled entity Termite Resources – and is …

China’s Cu­-River Mining buys Termite Resources iron ore mine

A group of Chinese businessmen have bought the failed Cairn Hill iron ore mine from the liquidator of Termite Resources, one of the first companies to go bust last year at the start of the iron price tumble, which has worsened considerably in the past few months. Cu-River Mining has acquired the mine near Coober …

Jobs, increased economic activity through Coober Pedy mining operation

More than 60 jobs will be created in the state’s Far North through a new mining and processing operation near Coober Pedy, supported by a $397,306 State Government grant through the Regional Development Fund (RDF). The operation, owned and managed by Cu-River Mining Australia Pty Ltd, will focus on extracting and processing high-grade magnetite iron …