Billion-Dollar Coal Mine Proposed in Queensland

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A $1.5 billion coal mining project in central Queensland’s Bowen Basin, which could provide up to 2350 jobs, is a step closer to being realised.

Queensland Treasurer Cameron Dick said the new Valeria coal mine could deliver 1400 construction jobs and 950 ongoing jobs once operational after it was declared a coordinated project by Queensland’s independent Coordinator-General.

“Queensland has a plan for our economy to Unite and Recover for Queensland Jobs,” the Treasurer said.

“Part of that is building on our traditional strengths like the resources industry.

“This new mine has the potential to create hundreds of new jobs as Queensland recovers from the extraordinary shock of the global coronavirus pandemic.

“Projects like this are a vote of confidence in Queensland’s future as a diversified economy.

“We will keep rolling out our plan to Unite and Recover for Queensland Jobs.”

Member for Keppel Brittany Lauga said the announcement would help central Queensland bounce back from the impacts of COVID-19.

“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,” Ms Lauga said.

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The proponent will be required to prepare a comprehensive environmental impact statement (EIS) for the project, and the Coordinator-General will undertake a rigorous assessment of all environmental, social and economic impacts, including extensive community consultation.

The Treasurer said local jobs were the number one priority of the Palaszczuk Government.

“Queensland has been spared some of the worst impacts of the COVID downturn,” he said.

“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.

“Coal mining has a long history in Queensland and will continue to be a major industry for many years to come.

“It’s so vital we keep things moving along in Queensland, despite the current restrictions, and this decision by the Coordinator-General means there will be a long pipeline of work ahead.”

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