Skip to main content

Major coal investment for central Queensland

Published by
World Coal,


This announcement is a huge shot in the arm for the central Queensland economy with hundreds of jobs expected to be created during construction and once the mine is operational.

This is a big dose of export growth for Queensland’s premium coking coal, which is why Japan’s JFE Steel is investing in the project. This mine will also be a significant economic contributor to local communities and the wider Queensland economy. QRC’s current data shows that in 2015 - 16, the state’s coal industry’s total contribution of AUS$32.7 billion, supported more than 180 000 jobs. The coal industry spent AUS$11.3 billion in Queensland on more than 10 700 local businesses and almost 500 community organisations.

At last week’s spot prices of US$224, at full production, this project alone would generate more than AUS$450 million dollars extra a year in royalties for the Queensland Government that pays for nurses, doctors and teachers as well as important infrastructure.

Read the article online at: https://www.worldcoal.com/coal/09052017/major-coal-investment-for-central-queensland/

You might also like

OSIsoft webinar

[WEBINAR] How to succeed in Digital Transformation in Mining and Materials

During this webinar, OSIsoft will explain their successful path to Digital Transformation, including Predictive Maintenance 4.0 from an asset reliability perspective, Health, Safety & Environment improvement opportunities, and Autonomous Operations for process optimisation. Register for free today »

 

Coal trading market to 2023

The global coal trading market faces stiff competition due to the involvement of many players in the market, reveals a report by Transparency Market Research (TMR).

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Queensland coal news Queensland Resources Council news