Mining boom in Queensland far from over with new mine approvals

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Mining in Central Queensland Image credit: flickr User: WorkPac Group

Four mining and related infrastructure projects have been approved in Queensland by the Federal Government, proving that the mining boom is still on track.

Mining in Central Queensland  Image credit: flickr User: WorkPac Group
Mining in Central Queensland
Image credit: flickr User: WorkPac Group

AMMA, Australia’s national resource industry employer group, issued a media release congratulating the Federal Government and Environment Minister Greg Hunt on their decision to secure new jobs and economic benefits in Queensland.

The Government gave the go-ahead for the $20 billion Arrow Energy LNG facility for Curtis Island and the related gas transmission pipeline, the Adani T0 coal project and the development of three coal export terminals at Abbot Point.

“Collectively, these significant resource industry projects would create more than 5000 new construction-based roles in Queensland and inject many billions of dollars into the economy,” says AMMA chief executive Steve Knott.

“This is a very welcome decision from the Federal Government, following the Queensland Government’s timely progression of these significant projects through the state approval processes. These wealth-creating developments are just four of more than 300 projects in Australia’s resource industry investment pipeline, representing about $500 billion of capital.”

According to him, these latest development put to rest any speculations that the mining boom in Queensland has run its course.

“To secure this future investment pipeline and the solid benefits, taxes and royalty streams that will come from an increased and efficient production phase, our nation needs everything going in our favour, including removing unnecessary red tape that only leads to project delays,” added Mr Knott.

AMMA congratulated and praised the state and federal governments, but critized the Greens Party for its opposition, saying that their short-sighted approach prevents them from seeing the numerous benefits these projects will bring to the community.

“The Greens not only oppose the coal port development but also oppose the taking of coal out of the ground in the first place. Unfortunately solar panels and wind farms don’t meet domestic or global energy needs,” Mr Knott said.

“Similarly, the renewable energy sector doesn’t provide a substitute for the jobs, royalties, taxation revenues and other national benefits provided by Australia’s resource industry, widely recognised as one of the fundamental pillars of our economy. These four Queensland projects have been subjected to appropriately rigorous environmental approvals. The government imposed 95 environmental conditions for Abbot Point alone.”

Mr Knott reprimanded the Greens saying they should understand that these projects are environmentally responsible and will position Australia well in the competitive global marketplace.