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Export facility to bring $10.2b...

Export facility to bring $10.2bn to SA

SA is set to see a boost come to its economy with the building of a new export facility.

An export facility that has been proposed for South Australia (SA) is predicted to generated $10.2 billion for the state's economy over the next ten years.

On October 4th the environmental impact study (EIS) on the proposed Port Bonython Bulk Commodities Export Facility, on the Eyre Peninsula, was released by the Development Assessment Commission for public comment.

It is set to provide a boost to the mining sector in the area, with 800 permanent jobs set to be created once the facility is up and running. Additionally, during construction, 900 jobs will be made available.

Stewart Lanmin, a spokesperson, explained how SA would be taking the opportunity to reap the benefits of mining investment that has been seen previously in other states.

During 2012, Australia saw a boom in its mining investment, contributing a sizable portion to the country's economy. However, in recent months this investment in the industry has cooled off.

Posted by Steve Douglas

 

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