A seventy-year-old iron ore mine in the Kimberley region of Western Australia is set to cease operations, marking a shift towards supporting the offshore oil and gas industry. The mine, formerly owned by property tycoon Alan Bond and used as a personal retreat, will be repurposed as a logistics hub. This transition aims to facilitate operations for the energy sector, leveraging the island’s location and existing infrastructure. The closure signifies a change in economic focus for the area, moving away from iron ore extraction. Details regarding the exact nature of the logistics hub and the companies involved have not been fully disclosed. The island’s previous ownership by Bond adds a historical layer to the industrial redevelopment. This change reflects broader trends in resource allocation and the evolving energy landscape in Western Australia.