Cu-River Mining

Cu-River Mining Pty. Ltd. is a privately-owned Australian resources company with interests in iron ore mining and port development projects in South Australia. It is the smaller of two iron ore exporters operating in the state, the larger being the GFG Alliance. The company is owned by Adelaide-based businessman, Yong Gang Shan and as of 2019 its only producing asset is the Cairn Hill mine in the state's Far North.[1] The company has contracted mining, processing and freight logistics services to Jiujiang Mining Australia.

Cu-River Mining
IndustryMining
Founded2014 (2014) in Adelaide, South Australia, Australia
FounderYong Gang Shan
Headquarters
Adelaide
,
Australia
Productsiron ore
OwnerYong Gang Shan
Websitewww.curiver.com.au

History

In 2014, Cu-River Mining purchased the Cairn Hill iron ore mine in the Woomera Prohibited Area, near Coober Pedy in South Australia.[2] The mine was previously owned by Termite Resources; a joint venture between ASX-listed IMX Resources and the Taifeng Yuan Chuang International Development Company. Cu-River Mining produced its first iron ore from Cairn Hill in 2016.[1]

In October 2017, the company announced that it would invest $800 million in expanding the Cairn Hill mine.[2] Cu-River Mining has contracted JiuJiang Mining Australia (the Australian arm of the JiuJiang Group, China) to undertake infrastructure improvements at Cairn Hill.

Jiujiang Mining Australia

Cu-River Mining's mine and port developments are the Jiujiang Group's first international projects. JiuJiang Mining Australia will provide services including construction (e.g., wet processing plant), mining, processing (as the owner/operator of the project's Wet Processing Plant) and handling (including rail and port logistics).[1]

Port Playford development

In January 2019, the company purchased the site of the former Northern and Playford A and B power stations at Port Augusta, where it intends to construct a port for the transshipment of iron ore from its existing Cairn Hill mine, future iron ore projects Snaefell and Tomahawk,[3] and potentially wheat and other commodities.[4] The 1068 hectare property's existing 5 kilometre long rail loop and unloading facilities (previously used to unload and stockpile coal from Leigh Creek) would be utilised by the prospective port. An export capacity of 15 million tonnes per annum is anticipated by the company, with scope to increase to 50 million tonnes.[5]

In 2020, Cu-River Mining signed a Memorandum of Understanding with Haviliah Resources, a prospective iron ore exporter with leases to mineral deposits in the Braemar region in South Australia.[6] As of December 2020, the port development proposal is pending approval by the Government of South Australia.

References
  1. "Overview". www.curiver.com.au. Retrieved 17 February 2019.
  2. Creagh, Ben (18 October 2017). "CU River to invest $800m on Cairn Hill expansion". Australian Mining. Retrieved 17 February 2019.
  3. "Operations". www.curiver.com.au. Retrieved 17 February 2019.
  4. Candice Prosser (1 February 2019). "Shipping to return to Port Augusta with new port project". ABC News. Retrieved 17 February 2019.
  5. Hosie, Ewen (4 February 2019). "CU-River Mining to transform power station site in SA jobs boost". Australian Mining. Retrieved 17 February 2019.
  6. "Former power station site port signs first export customer". InDaily. 15 March 2020. Retrieved 16 March 2020.
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