In a significant development for WA’s busiest port, Mineral Resources and Pilbara Minerals have signed agreements to develop the new Lumsden Point facility at Port Hedland.
This strategic milestone to bolster economic activity in the Pilbara region is designed to enhance the port’s capacity through new multi-user facilities, including a general cargo and dedicated minerals export berth.
The joint State and Commonwealth-funded project aims to support the growing demand for battery metals globally and the import of renewable energy infrastructure to the State.
Pilbara MLA Kevin Michel said the agreements helped underpin the feasibility and importance of the Lumsden Point facility.
“(The agreements) are also great news for the ongoing economic development and diversification of Port Hedland and the broader Pilbara region,” he said.
The project, which benefits from a $565 million injection from the Commonwealth Government and $129m from the State Government, is expected to sign agreements with other parties in the coming months
Ports Minister David Michael said the development marked a significant milestone for the facility.
“Securing the first customers for Lumsden Point is a critical step in this project,” he said.
“With the seawalls nearing completion, we are moving swiftly towards the next stages including dredging and causeway construction.”
“The Government’s continued investment in infrastructure not only fuels future prosperity but also supports regional jobs growth.”
The Lumsden Point project is set to significantly increase the operational capacity of the port, already a pivotal export point that handles commodities worth about $165 billion annually.