The environmental licence for the former Port Augusta power stations site has been transferred from Flinders Power to the site’s new owner, Cu-River Mining.
The licence transfer coincided with the completion of the contract settlement between the two companies at the end of May.

The EPA has regulated this site during its operation and its closure, and will continue to do so throughout the post-closure period.
All the existing conditions and obligations in the Flinders Power licence have been transferred to the Cu-River licence, including the requirement to implement the dust management plan.
The transferral also requires Cu-River to provide a $2.4 million financial assurance to the EPA in the form of a bank guarantee by 1 October 2019.
This figure represents the remaining costs of post-closure obligations, and is focused on the former ash dam, including dust management practices.
As vegetation cover increases at the site, these requirements may change. In recognition of this, the licence conditions require a site audit in late 2020 to evaluate the remaining financial liability.