CU River Mining is investing approximately $800 million for the expansion of the Cairn Hill mine, which is located near Coober Pedy in South Australia. This expansion project is expected to create up to 1,300 jobs during construction.
With this expansion, CU River is planning to triple mine production to up to 15Mtpa, with two additional pits as well as other mine developments that the South Australian Government approved.
Other planned developments will include infrastructure projects that will help increase output, an exploratory drilling program with an initial approved 13,000m scope as well as the development of the Snaefell and Tomahawk magnetite targets located near Cairn Hill.
For this project, CU River is committed to utilising local South Australian suppliers wherever possible.
“Part of the funding will also be needed for associated infrastructure work including road and rail upgrades and extensions.
“Our proposed developments will create an estimated 1,300 jobs in SA, many of them in the regions. In addition, we will be using SA supplier for goods and services wherever possible, so there is a flow-on effect in terms of secondary job creation and stabilisation,” CU River Managing Director Yong Gang Shan said.
Subscribe to the PlantMiner newsletter today to receive the latest industry news and project updates straight to your inbox.
Source: Premier of South Australia, Australian Mining and The Advertiser