01FEB2019 - NEWS - Port Augusta in South Australia is expected to resume commercial shipping for first time in half a century

Port Augusta in South Australia is expected to resume commercial shipping for first time in half a century as the new owner of the former Northern Power Station plans to transform the site into a port facility. CU-River Mining, an Australian iron ore magnetite producer, has taken over the Northern Power Station site, which closed in May 2016, from Flinders Power and plans to invest $250m to turn the site into a bulk commodity, transhipment port facility capable of handling iron ore, grain and other commodities. According to the plan by CU-River, barges will be loaded at the port then sail into Spencer Gulf’s deeper water to unload onto larger capesize vessels.

Published by Editor - www.Livebunkers.com at 01-Feb-2019 06:23:40 [UTC] , contact editor at editor@livebunkers.com