New export proposals for Fremantle Ports’ Kwinana Bulk Terminal and associated infrastructure upgrading will bring significant economic benefits to Western Australia.
A planned $44 million Fremantle Ports and private sector investment to upgrade facilities will increase the terminal’s capacity and improve efficiency for export of iron ore, coal and other bulk commodities.
Fremantle Ports Chief Executive Officer, Chris Leatt-Hayter said a commercial agreement between Fremantle Ports and Mineral Resources Ltd would facilitate the export of up to 4.4 million tonnes of iron ore through Kwinana annually.
“Mineral Resources will undertake the installation of a new system to handle the ore which will be railed initially from the company’s Carina mine site in the central Yilgarn.
“Ensuring a high level of local content will be a top priority and rigorous attention will be paid to environmental management aspects during the construction and operational phases.
“Subject to receiving the necessary works approval, the intention is to complete the construction work before the end of 2011.
“The new partnership with Mineral Resources Ltd, a diversified Australian-based company, is a key element of this project which will generate substantial direct benefits for the State.
“These benefits include investment at the mine and port, significant local spend on infrastructure, equipment and services, employment generation and payment of mining royalties,” Chris Leatt-Hayter said.
Fremantle Ports is also concluding negotiations with Griffin Coal to enable the export of 750,000 tonnes of coal annually over four years through the Kwinana Bulk Terminal. Griffin has been exporting coal through this terminal since January 2007.
The new arrangement with Griffin Coal will cover the transition period until planned new facilities for handling coal are developed at Bunbury or elsewhere.