Gladstone Ports Corporation will investigate the feasibility of hosting a 1Mtpa bauxite facility at the Port of Bundaberg.

The ports corporation has signed a Memorandum of Understanding (MoU) with Australian Bauxite, as it advances its Binjour project.

Australian Bauxite chief operating officer Leon Hawker said the mining project was located 115km southwest of the Port of Bundaberg.

“We are happy to continue to advocate the Port of Bundaberg as our favoured destination and shipping port for ABx Bauxite,” he said.’

GPC acting chief executive officer Craig Walker said the outlook for the Port of Bundaberg was bright, with the bauxite MoU just another demonstration of the confidence in the region.

“We are excited to be working with ABx on the potential for a new facility, bringing new trade to the region,” Mr Walker said.

“We will commence formal feasibility assessments with ABx over the coming months, which will determine the next steps.”

The Port of Bundaberg is a hub for growth with ‘green fuel’ wood pellet exports set to double and growth in mineral exports from the region planned to commence in 2020, bringing jobs, economic growth and international trade for Queenslanders.