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Glencore’s Valeria Coal project in Queensland

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World Coal,

Glencore welcomes the Queensland government’s decision to recognise its Valeria Coal Project as a ‘coordinated project’ under the State project approvals process.

This is an important and positive step in progressing the project, which is still at an early stage but has the potential to deliver a major jobs and economic boost to central Queensland communities.

If approved, the metallurgical and thermal coal Valeria Project could support up to 1400 construction jobs and 950 full-time operational jobs over a 35-year mine life.

Last year, Glencore’s coal operations contributed over AUS$4 billion to the Queensland economy, including ongoing investment in existing mines, payment of royalties, community programmes and spend on goods and services from predominantly regional Queensland suppliers.

Ian Cribb, Chief Operating Officer for Glencore’s Coal Assets in Australia, said the company has been successfully operating coal mines for over 17 years in central Queensland, which has a proud history of supporting Queensland mining and mine workers.

“Our Australian coal operations will continue to produce the high quality coal required to meet expected levels of global steel production and energy demand in Asia.

“In Queensland, coal continues to be an important driver of the economy as a source of jobs, royalties, reliable energy and support for local businesses both in the city and the bush,” he said.

The Valeria Coal project will replace production from other Glencore coal operations as they come to the end of their mine lives, including the Clermont coal mine, and will be managed in line with Glencore’s global climate change commitments.

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