NEW MINE: Glencore’s Valeria coal mine has been declared a co-ordinated project by Queensland’s independent Co-ordinator-General.
NEW MINE: Glencore’s Valeria coal mine has been declared a co-ordinated project by Queensland’s independent Co-ordinator-General.

New mine: CQ coal project promises 2350 jobs

A NEW $1.5 billion coal mine proposed for the Bowen Basin is a step closer to delivering 2350 jobs to Queensland.

Queensland's independent Co-ordinator-General has declared Valeria coal mine - expected to create 1400 construction jobs and 950 ongoing jobs once operational - a co-ordinated project.

Queensland Treasurer Cameron Dick said the proposed mine near Emerald could help the state recover from the shock of the global coronavirus pandemic.

"Projects like this are a vote of confidence in Queensland's future as a diversified economy," Mr Dick 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."

Queensland Treasurer Cameron Dick. Picture: News Corp/Attila Csaszar
Queensland Treasurer Cameron Dick. Picture: News Corp/Attila Csaszar

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The mine will produce a mix of both metallurgical and thermal coal.

Mines Minister Anthony Lynham said the coal from the mine would be used for steelmaking to help rebuild the global economy post-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," Dr Lynham said.

"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."

The Co-ordinator-General will now prepare draft terms of reference for the environmental impact statement and invite community members to have their say on the requirements for the EIS.

Glencore will be required to prepare a comprehensive EIS for the project.

The Co-ordinator-General will assess the environmental, social and economic impacts, including extensive community consultation.

Any environmental values in the project area will be subject to scientific analysis before work starts.

Central Highlands Mining Trail sign. Picture: Tara Miko
Central Highlands Mining Trail sign. Picture: Tara Miko

Regional Development Minister Glenn Butcher said the project showed major companies were still keen to invest, despite the current pressures on our economy.

"Through my department of Regional Development, we are working with industry stakeholders to support economic recovery and major projects like this show Queensland business there will be many opportunities in the future," he said.

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Keppel MP Brittany Lauga said the project would provide a confident boost to Central Queensland families doing it tough.

"We are a strong, resilient and hardworking community, so this news will be welcome to families throughout the region as we work towards economic recovery," she said.


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