PERTH (miningweekly.com) – Iron-ore developer Iron Road has inked a memorandum of understanding (MoU) with grain growers in South Australia to develop a grain terminal and export facility.
The MoU was signed with a recently formed farmers cooperative EPCBH and would see Iron Road work collaboratively to establish a grains export business with facilities at Cape Hardy, making use of the iron-ore company's infrastructure.
Iron Road MD Andrew Stocks on Tuesday reiterated that its Central Eyre iron project would unlock significant benefits well beyond the project’s mining and ore processing operation.
“We operate on a principle of third-party access to our planned infrastructure business. The approved deep-water port at Cape Hardy will be a first for South Australia and a fresh approach to infrastructure development in the region,” Stocks said.
He added that the development of multi-user facilities with cross commodity access for other industries, would open up substantial additional export and import opportunities and maximise benefits at regional and state level.
Iron Road’s $3.7-billion Central Eyre project is slated to be Australia’s largest magnetite mine with production capacity of 21.5-million tonnes a year over 25 years. The project will include the construction of a new 145 km rail link and deep-water port at Cape Hardy, near Tumby Bay.