The Queensland Government has secured major national investment from Europe and Japan for a coal mine in Bowen Basin.
Premier David Crisafulli said that this is a defining moment for Queensland’s resources industry.
“This historic investment sends a powerful message: Queensland is open for business and ready to partner with those who back our state,” he said.
“This deal means long-term jobs, long-term investment, and long-term confidence for the communities that power Queensland’s economy. We’re delving a better lifestyle through a stronger economy, and a fresh start for Queensland’s coal sector.”
The deal was executed following meetings between Crisafulli’s trade mission to Japan and India, which he claims will secure the future of more than 1000 employees, contractors, and suppliers at the Broadlea, Carborough Downs and Ironbark mines.
Related stories:
- NSW Government approves Appin coal mine modification
- Queensland Government secures $2.3 billion copper mine
- Critical minerals gets green light from Victorian Government
State treasurer David Janetzki said that the Queensland Government is providing a stable and clear pathway to a sustainable future whilst driving investment in Queensland.
“Our Government is committed to restoring investor confidence and creating opportunities for regional communities that depend on a thriving sector,” he said.
“We have worked tirelessly to secure this investment and the hundreds of jobs that come with it. This is a win for Queenslanders and a win for our economy.”
Minister for natural resources and mines Dale Last said that this is a historic moment for Queensland, and that the importance of Bowen Basin cannot be understated.
“Queensland’s Bowen Basin produces the world’s best coal, and this investment is a vote of confidence in our mining industry and the thousands of hard-working Queenslanders it supports,” he said.
“Since 2000, global coal demand has nearly doubled, with Queensland’s main export markets like India, China, and South-East Asie accounting for half the world’s usage. With more than 400 coal-fired power stations under construction around the world, there’s no sign of slowing.”