Lumsden Point is now officially operational, with the first cargo vessel arriving yesterday. Pilbara Ports Authority (PPA) Chief Executive Officer Roger Johnston said it was encouraging to see the utilisation of Lumsden Point by the private sector following the delivery of cargo in support of the Iron Bridge Magnetite Project, a joint venture between Fortescue .
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Boosting Australia’s diesel storage
The Morrison Government is taking action to increase Australia’s onshore diesel stockholdings, create jobs and keep fuel prices low for consumers.
Open to applications on 11 January 2021, the Boosting Australia’s Diesel Storage program is a key part of the Government’s comprehensive fuel security package to secure Australia’s long-term fuel supply and bolster local industry.
The package also includes:
backing the local refining sector through a production payment that values the fuel security benefits provided by a sovereign refining capability; and
creating a minimum stockholding obligation for key transport fuels.
Our plan will create new jobs and protect workers in fuel dependent industries, including manufacturing, resources, agriculture and transport.