Port Augusta Port Project

Acquisition will see rebirth of power station site

CU-River has completed the purchase of the former Port Augusta power station site from Flinders Power Partnership (Flinders Power), with plans to turn it into a bulk commodity, transhipment port facility.

The priority now is to undertake a development plan and engineering studies.  The approvals pathway is lengthy and a number of environmental assessments will need to be completed.  CU-River will be consulting with key stakeholders and potential customers and construction of the port will be in line with production increases at CU-River’s mines in the far-north.

More than 150 people will be employed at peak and up to 100 permanent positions will be created once the facility is  in operation.  

CU-River, established in 2014, is a significant South Australian iron ore magnetite producer with a mine and several highly prospective exploration leases in the far north of the State.

It is expected the facility will have an initial capacity up to 15 million tonnes per annum.  However, future export potential, via a multi-stage development approach, is in excess of 50 million tonnes per annum.

It is proposed the $250 million 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.

The company expects to begin operations within two years.   This will see the return of commercial shipping to Port Augusta for the first time in almost half a century.

The retention of key infrastructure at the site, including a 5km rail loop and unloading systems, made the site an attractive proposition for CU-River.

The 1,068-hectare site – approximately the size of the Adelaide CBD - was an important acquisition for the company.

CU-River has a strong project pipeline and an ambitious growth strategy that will see it headquartered in South Australia for decades to come. The purchase of the site is a significant, strategic decision that allows CU-River to secure a direct export pathway for the 15 million tonnes of high-grade iron ore magnetite it plans to mine each year from 2026.

It is CU-River’s intention to develop the port as a multi-user facility, providing Spencer Gulf and far-north industry with further export opportunities.

Due to the significant size of the site there is considerable scope for the land to be further developed for a number of commercial uses. 

The power station ceased generation in May 2016. Since that time Flinders Power has been responsible for the decommissioning and demolition of the power station and rehabilitation of the site. 

CU-River acknowledges both the community’s keen interest in the future success of the site and the company’s obligation and commitment to ongoing rehabilitation.

There are extensive plans in place relating to the environmental management of the site, including

  • Dust Management Plan
  • Fugitive Dust Trigger Action and Response Plan
  • Post Completion Monitoring and Maintenance Plan
  • Site Management Plan
  • Extreme Weather Monitoring and Response Plan

CU-River plans to continue with the successful Community Reference Group (CRG) established by Flinders Power.  This will provide key stakeholders the opportunity to work collaboratively with CU-River and provide an opportunity to contribute to the future planning of the site.