Australia’s fourth-biggest iron ore exporter Arrium has inked a Memorandum of Understanding (MoU) with the Government of South Australia to work together in order to find ways to expand the Whyalla port.
“The MoU will help guide negotiations that will potentially lead to third-party access to current unused capacity at Arrium’s wholly-owned Port of Whyalla, as well as capacity-expanding investment to support future development in the Upper Spencer Gulf,” said Mineral Resources and Energy Minister Tom Koutsantonis.
“The State Government is committed to ensuring the Spencer Gulf achieves its full potential, as part of our economic priority to unlock the value of our State’s resources. The signing of the MoU is also one of the first major outcomes to arise from the in-depth analysis conducted by the Resources Infrastructure Taskforce on preferred port options for the Spencer Gulf, which identified the potential for expansion at Whyalla.”
According to the official announcement, the two parties have also agreed to revise the Whyalla indentures to support existing and new industries and infrastructure in the Whyalla region.
“Arrium and the South Australian Government both regard investment in the Whyalla Port as a key opportunity, particularly to encourage the development of numerous magnetite deposits that exist in South Australia,” said Arrium Managing Director and CEO Andrew Roberts.
Earlier this year, Arrium slashed its SA mining operations and cut almost 600 jobs.