Our Story
Company Overview:
 

Cu-River is an Australian magnetite iron ore mining company, with significant global reach.

The company was established in 2014 in South Australia by Adelaide businessman Yong Gang Shan, who has more than 20 years of mineral processing experience in South-East Asia

Mr Shan purchased the existing Cairn Hill iron ore mine in far-north South Australia along with several exploration licenses.

After an extensive $20 million upgrade to Cairn Hill, Cu-River started mining in 2016. Significantly it produced and exported one million tonnes of magnetite ore in its first 12 months of operation.

Following that milestone, CU River is now looking to the future!

It’s an exciting time to be involved in the Company.

Plans are well underway for a significant expansion of Cairn Hill that will see 3Mt (million tonne) of magnetite concentrate mined each year.

In addition, CU River has a has a strong project pipeline and an ambitious growth strategy that will see it headquartered in South Australia for decades to come.

Cairn Hill is in a production pause while final regulatory approvals for expansion are sought from both the State and Federal governments. Following these approvals, CU River plans to spend $230 million in infrastructure improvements, including a wet processing plant, tailings dam and power station.