Mine expansion to create up to 1,300 new jobs
Thursday, 19 October 2017
An $800 million expansion of CU River’s Cairn Hill magnetite mine near Coober Pedy could create up to 1300 jobs.
The investment, which builds on the existing Cairn Hill mine, aims to triple magnetite production initially to three million tonnes a year and then step up to 15 million tonnes a year.
CU River has committed to using South Australian suppliers wherever possible on the project.
Investment Attraction South Australia will provide case management services to the company and help streamline its investment pathway.
Privately-owned CU River is one of two magnetite producers in South Australia and has been operating the Cairn Hill iron project south of Coober Pedy since 2016.