Emerald Grain Partners with Iron Road on Australian Port Development
Emerald Grain is partnering with mining company, Iron Road, on the development of a new port in South Australia to be located at Cape Hardy.
The project will not only give local growers an alternative export route, but will give Emerald Grain, who’s business is concentrated along Australia’s east coast, a presence in the South Australian grain handling and exporting market.
“Once developed, Cape Hardy will be a cape-size port (capable of handling ships carrying 180,000 tons to 220,000 tons), the only one of its size in South Australia, which will unlock value and options that are currently unavailable to local growers,” Mr. Murray told The Advertiser.
Mr. Murray added that Emerald plans to build a ship loader, grain conveyor, and steel bunkers and silos with the capacity of up to 1 million tons of grain at the site, noting that considering the rate of consolidation in the Australian grain sector, the companies that will end up being the most successful will be those controlling infrastructure.
Emerald Grain, which is owned by Japan’s Sumitomo Corporation, handles a total three million tons of grain per year, and owns the Melbourne Port terminal, grain handling sites in Victoria and New South Wales, and owns a share of the newly constructed Port Kembla terminal in New South Wales.
Commenting on the project, Iron Road chief executive officer, Andrew Stocks told The Advertiser, “We have always put a priority on developing a multi-user facility with cross commodity access for other industries, such as grain, which we believe will open up substantial additional export and import opportunities to maximise [sic] benefits at a regional and State level.”