Centrex welcomes govt backing
PERTH (miningweekly.com) – The South Australian government has given Major Project status to iron-ore developer Centrex Metals’ Stage 2 development of its Port Spencer.
In December last year, the A$250-million Port Spencer project was approved by the state government. The port would be capable of handling up to 20-million tons a year of product, with further expansion possible, and would comprise a 500-m-long deep-water jetty, ship-loading facility, storage areas and associated infrastructure for the export of iron-ore and grain.
The second stage of the development included the addition of the Eyre iron magnetite joint venture processing plant, located near the town of Koppio, a 40-km-long slurry pipeline and a return water pipeline to the port, dewatering facilities, a magnetite concentrate storage shed and a modular desalination plant.
Centrex acting CEO Ben Hammond said that gaining Major Project status would provide further certainty for the Port Spencer development, by allowing the state government to set guidelines on how the expanded project would be assessed.
It was also another step forward for the company’s Eyre Peninsula iron-ore project, which required an efficient and low-cost route to market through the proposed export facilities at the port, said Hammond.
Go-ahead for Stage 2 development work at the port was now dependent on at least one of Centrex’s proposed large-scale mining operations underpinning the required port capital, Hammond noted.
He said that the long-term vision was the development of a multi-user port, servicing numerous Centrex and third-party mines in the region, along with grain exports.
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