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. The company has contracted mining, processing and freight logistics services to Jiujiang Mining Australia.

History

In 2014, Cu-River Mining purchased the Cairn Hill iron ore mine in the Woomera Prohibited Area, near Coober Pedy in South Australia. 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.
In October 2017, the company announced that it would invest $800 million in expanding the Cairn Hill mine. Cu-River Mining has contracted JiuJiang Mining Australia 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, mining, processing and handling.

Port 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, and potentially wheat and other commodities. The 1068 hectare property's existing 5 kilometre long rail loop and unloading facilities 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.
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.