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Portland was the site of Victoria's first permanent settlement back in 1834, with the town quickly prospering due to fishing, pastoral and agricultural industries. Portland is the only deep-water sea port between Adelaide and Melbourne, making it a major centre for sea transport of goods and produce from the surrounding areas. A large sheltered harbour provides calm waters for a marina, wharves and shipping berths. One of Portland's major industries is the Alcoa aluminium smelter which commenced operations in 1986.
Portland is also known for it's goats.