Mineral Resources and Pilbara Minerals have each signed a commitment agreement to become the first customers for the Lumsden Point facility in the Port of Port Hedland.
Lumsden Point, funded in part by a $129.1 million contribution from the Western Australian Government, will provide new multi-user facilities, including a general cargo berth and minerals export berth.
The Federal Government is also contributing to the project, investing $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 it to start developing its new facilities in the port.
Further agreements are expected to be formalised in the coming months with additional customers.
The Western Australian Government has said that these agreements demonstrate the significant demand for additional port capacity in the Pilbara region, which already facilitates the export of $165 billion worth of commodities each year.
Western Australian Minister for Ports, Mines and Petroleum, David Michael, said that the State 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,” Mr Michael said.
“It’s fantastic to see the first customers secured, a crucial step in the overall project.
“The State Government continues to invest in infrastructure that fuels future prosperity and supports regional jobs growth.”
Member for Pilbara, Kevin Michel, said that 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.”
Image credit: Adwo/shutterstock.com
