Customers secured for new port facilities at Lumsden Point

Lumsden Point, funded in part by a AUS$129.1 million contribution from the State Government, will provide new multi-user facilities, including a general cargo berth and minerals export berth. This important piece of infrastructure will expand trade opportunities in the Pilbara, and support growing renewable industries around the world.

The Commonwealth Government is also contributing to this strategically significant project, investing AUS$565 million for common user port upgrades in the Pilbara, including the Lumsden Point facility.

There is already significant demand for the facility, in particular for the export of battery metals and the import of renewable energy infrastructure.

The agreements enable Pilbara Ports, the owner and operator of the facility, to progress securing tenure with Pilbara Minerals and with the Joint Venture between Mineral Resources and Albemarle, allowing them to start developing their new facilities in the port.

Further agreements are expected to be formalised in coming months with additional customers.

These agreements demonstrate the significant demand for additional port capacity in the Pilbara region, which already facilitates the export of AUS$165 billion worth of commodities each year.

Ports Minister David Michael commented: "The Cook Government is delivering on its commitment to diversify trade in the Pilbara by progressing this development at Lumsden Point. The project has been progressing rapidly, with the seawalls at Lumsden Point nearing completion, enabling the next stages of the project to get underway, including dredging and causeway construction. It's fantastic to see the first customers secured, a crucial step in the overall project. The Cook Government continues to invest in infrastructure that fuels future prosperity and supports regional jobs growth."

Pilbara MLA Kevin Michel commented: "These agreements help underpin the feasibility and importance of the Lumsden Point facility. They are also great news for the ongoing economic development and diversification of Port Hedland and the broader Pilbara region."

Read the article online at: https://www.drybulkmagazine.com/ports-terminals/22052024/customers-secured-for-new-port-facilities-at-lumsden-point/