Friday 22nd Jun, 2018

Iron Road signs MoU with grains co-op

Grain. Photo: Shutterstock
Photo: Shutterstock

Mine developer Iron Road has signed an agreement with a new farmers co-operative to develop a grains export business to complement its planned iron ore facility at Cape Hardy, on the eastern side of South Australia’s Eyre Peninsula.

Iron Road announced on November 14 it had signed a Memorandum of Understanding with Eyre Peninsula Co-operative Bulk Handling Limited (EPCBH), a group established by some of the region’s prominent growers in August.

“We operate on a principle of third party access to our planned infrastructure business,” Iron Road managing director Andrew Stocks said. “The approved deep water port at Cape Hardy will be a first for South Australia and a fresh approach to infrastructure development in the region.”

Stocks said the MoU with EPCBH would complement Iron Road’s ongoing partnership with Emerald Grain, as well as Iron Road’s own plans to export iron ore from its prospective Central Eyre Iron Project.

“We believe the development of multi-user facilities with cross commodity access for other industries, such as grain, will open up substantial additional export and import opportunities and maximise benefits at regional and state levels,” he said.

Bruce Heddle, spokesperson and major grower in the EPCBH, said the port deal would help the co-op achieve its purpose of realising opportunities for local growers and the community.

“The MoU with Iron Road signifies a concerted effort to work collaboratively with Iron Road with a view to positively impacting the grain industry across the Eyre Peninsula,” Heddle said.