A $1.5 billion coal mining project in central Queensland’s Bowen Basin is a step closer to being realised after it was declared a coordinated project by Queensland’s independent Coordinator-General.
Queensland Treasurer Cameron Dick said this new mine has the potential to create hundreds of new jobs as Queensland recovers from the extraordinary shock of the global coronavirus pandemic.
“Projects like this are a vote of confidence in Queensland’s future as a diversified economy,” he said.
“Queensland has been spared some of the worst impacts of the COVID downturn.
“That is thanks in no small part to some of our traditional industries like mining and agriculture, that have been able to keep Queenslanders employed and their markets sustained through these troubled times.”
Mines and Energy Minister Dr Anthony Lynham said the project would represent a massive capital investment in Queensland.
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“Our resources sector is continuing to support the economy and provide jobs for Queenslanders who are facing uncertain times during this coronavirus pandemic,” Dr Lynham said.
“Like other mines in the Bowen Basin, this mine will produce a mix of both metallurgical and thermal coal.
“Coal from this mine will be used to make steel that will be vital for the global economy as it recovers from COVID-19.
“Steel is critical for construction, but it’s also used for key elements of a renewable energy future like solar panels, wind farms, batteries and electric vehicles.
“The mine’s proponent, Glencore, has advised any thermal coal produced by the new mine will be subject to the company’s cap on thermal coal output, to support global transition to a low carbon economy.
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“This comes on top of Arrow Energy’s commitment to the first phase of its $10 billion gas project in the Surat Basin.”
The proponent will be required to prepare a comprehensive environmental impact statement (EIS) for the project, and the Coordinator-General will undertake a rigorous assessment of all environmental, social and economic impacts, including extensive community consultation.
Any environmental values in the project area will be subject to rigorous scientific analysis to understand the feasibility of any impacts proceeding.
The Coordinator-General will now prepare draft terms of reference for the EIS and invite the community to have their say on the requirements for the EIS.