Latest News, Mining

Approval granted to $1.4B Sconi project

Around 780 jobs will be created in North Queensland following the approval of the $1.4 billion critical minerals Sconi project, northwest of Townsville.

Australian Mines has been granted a mining lease for its Sconi Project at Greenvale, which has a planned life of 30 years.

Once operational, the open-cut mine and the adjoining processing plant is expected to produce about 47,000 tonnes of nickel sulphate, 7000 tonnes of cobalt sulphate and 89 tonnes of scandium oxide.

Queensland Resources Minister Scott Stewart said the Sconi Project is a vote of confidence in Queensland’s resources sector.

“Around the world communities are demanding and making the shift towards a cleaner, greener low-emission economy,” Stewart said.

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“Queensland has an abundance of the critical minerals the world needs to decarbonise.

“The Palaszczuk Government is backing the development of the state’s critical minerals sector through the recently released Queensland Critical Minerals Strategy as well as our $5 billion Copperstring 2032 electricity transmission line.

“And planning is well underway on the $75 million Queensland Resources Common User facility, a multi-user, multi- purpose warehouse designed to prove up the commercial viability of critical minerals in Queensland.”

The Sconi project is planned for commissioning in 2028.

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