Picturesque islands in WA's north set to become transport hubs after $20m sale (opens original article in a new tab)

Two Western Australian islands, including one previously owned by Alan Bond, will be transformed into logistics hubs following a $20 million sale, with operations expected by mid-2027.

• MGX will cease iron ore operations on Koolan Island by 2026 as it shifts to gold mining in the Tanami Desert.
• Crestlink purchased Koolan Island for $20 million to develop it into a logistics hub for oil, gas, and defense industries with operations expected by mid-2027.
• Cockatoo Island, previously an exclusive resort owned by Alan Bond, will become a $300 million multi-user hub alongside Koolan Island.