Glencore and Mitsubishi Development Pty Ltd have signed a joint venture agreement to propose a new bauxite mine for development in Far North Queensland.
The proposed Aurukun Bauxite Project is expected to create up to 400 mining jobs, and 250 construction jobs once approved.
The Aurukun Bauxite Project
If approved, the bauxite mine will be located 23 kilometres north-east of Aurukun on the Cape York Peninsula. The mine also has a life expectancy of 20 years with the potential to produce up to 8 million dry tonnes of bauxite annually.
Bauxite is an essential rock to mine because it is a key component in making aluminium, a recyclable and widely-used metal in the transport, construction, and packaging industries.
Resources Minister Scott Stewart commented on the potential project by highlighting how it will positively impact regional Queenslanders.
"Keeping the state's resources industry and other industries open has been a key part of Queensland's plan for economic recovery. This announcement shows strong confidence in our resources sector and is great news for all Queenslanders with the potential jobs this project could create.
"If approved, the Aurukun Bauxite Project could pave the way for more resources companies to invest in Queensland mineral projects. The Palaszczuk Government supports the resources sector for the royalties and jobs it generates, particularly in regional Queensland.
"The resources sector continues to support more than 68,000 jobs across our State and represents $49 billion in exports," Resources Minister Scott Stewart said.
The Glencore – Mitsubishi Development joint venture is currently progressing all relevant state and federal approvals required for the mine's development. This process includes developing an Environmental Impact Statement (EIS) and agreement with Traditional Owners.
"The involvement of Traditional Owners and the community is vital to the project's future success. Our vision is to achieve tangible, long-term benefits for the local community and Traditional Owners that align with their aspirations for their community and their country. This includes local employment and new business opportunities, as well as improved access to, and use of, traditional country," Glencore Project Director Julian Farrugia said.
Glencore estimates that the final EIS will be available for public consultation in mid-2021. Once approved, the joint venture partners will aim to reach a final investment decision by 2022.
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