June 19, 2024


Full Of Eastern Travel

Briefcase: SA business snippets – InDaily

Welcome to Briefcase, a quick tour of announcements, awards and events showcasing the everyday exploits of SA businesses.

Kerin to steer $250 million Port Hardy project

Former South Australian Premier Rob Kerin has been appointed Project Chair of the proposed $250 million Cape Hardy port project on Eyre Peninsula.

The Cape Hardy port project aims to become the Eyre Peninsula’s only deep-water multi-commodity export port, supporting the region’s grain growers and opening significant opportunities for a wide range of agricultural and resources producers.

With future capacity for Capesize vessels, Cape Hardy has the potential to be the only port of its kind between Esperance in Western Australia and Port Kembla in NSW, putting South Australia on an international footing. The project is being jointly developed by Eyre Peninsula Co-operative Bulk Handling (EPCBH), Iron Road and Macquarie Capital.

Subject to a final investment decision being made, construction of the port between the Eyre Peninsula towns of Port Neill and Tumby Bay will commence in late 2021 and operations in 2023.

Kerin is well known to the Eyre Peninsula through his roles as Chairman and Executive Officer of Regional Development South Australia and as the Chair of Primary Producers SA.

His appointment coincides with the launch of a new name for the joint venture – Portalis.

As the name given to Cape Hardy by French navigator Nicolas Baudin in 1802 (Cap Portalis), Portalis pays homage to a key aspect of the region’s rich history, which has long included a vision of Cape Hardy as the preferred site for export port facilities on the Eyre Peninsula.

Kerin said he the Cape Hardy port project would be transformational for Eyre Peninsula and the state.

“It will be a critical driver of competition and lower costs, which will put money back in the pockets of growers and contribute to improved competitiveness of our exports,” he said.

“As the only multi-commodity and multi-user deep- water port proposed for Eyre Peninsula, it will also unlock opportunities for economic development and diversification for the Eyre Peninsula and South Australia.”

Papyrus Australia has spent more than two decades perfecting its system of turning banana plantation waste into wood and paper products and says it has proven the profitability of the technology ahead of a global expansion.

The company has developed technology to process banana waste into a range of products including veneer for furniture and musical instrument manufacture, moulded products such as food containers and plates, liquid fertiliser and garden peat.

The $3 million capital raise will allow it to increase production at its Egyptian factory and enter the next stage of its business plan, which involves a move to commercial-scale production.

In a statement to the ASX last month, Papyrus Australia reported its September sales increased by 43 per cent on August and a further 34 per cent in October.

The company’s share price has more than tripled in the past five weeks and was up a further 7 per cent on Friday following the latest announcement.

Marmota to pay $3 million for Jumbuck gold project

SA gold explorer Marmota Limited has entered into a deal to acquire Tyranna’s Jumbuck Gold Project in the state’s far north-west.

Under the $3 million deal announced to the ASX last week, Marmota will acquire all of the rights, titles and interests of the project, which sits alongside an existing Marmota project.

The fully-funded acquisition involves a $2.5 million cash payment and $500,000 in Marmota shares payable upon completion.

Marmota chairman Dr Colin Rose said the $3 million sale price was triple the amount originally offered and was also an excellent outcome for Tyranna shareholders.

“The Jumbuck Gold Project is our immediate neighbour in the Gawler Craton,” he said.

It is our backyard, it is where we do our gold exploration.

“We believe if anyone can make it work, Marmota can.”

Coopers reignites live gig series

Coopers Brewery is taking its Live, Loud and Local gig series national following the success of its initial livestream lockdown events in April and May.

The Regency Park Brewery has partnered with Australian acts including The Rubens, Bad//Dreems and Crooked Colours for a series of gigs around the country in the new year.

Crooked Colours will headline the first show of the new Coopers Live, Loud and Local series, performing on January 17, 2021 at Hotel Rottnest in Perth.

The Rubens will play February 3, at the Coogee Bay Hotel in Sydney while Bad//Dreems will perform at The Bridgeway Hotel in Pooraka on February 19.

More shows and artists will be announced for gigs in Brisbane, Melbourne and Perth in early 2021. Each event will be produced by Coopers in partnership with Live Nation.

The Live, Loud and Local series aims to support Australia’s hospitality and entertainment industries as well as the local communities hit hard by COVID-19 and related social restrictions.