A new campaign from the Queensland Government will aim to drive new investment to the state’s mining sector.
Following direct engagement with industry leaders and local stakeholders, the Queensland Government has announced a series of decisive actions to fast-track projects and drive economic growth.
Rail cost relief for phosphate producers
Queensland Rail will introduce an incentive package to reduce access charges on the Mount Isa rail line, providing savings for emerging rock phosphate producers.
This measure is expected to increase freight volumes and support new entrants in the market.
Unlocking tailings access and project advancement
The Queensland Government has secured a commitment from Glencore to allow third-party access to copper tailings at its Mount Isa mines site.
Glencore has also committed to progressing its Black Star open cut project, with feasibility studies already underway.
Support for Eva Copper project
The Resources Cabinet Committee process will facilitate the delivery of any outstanding approvals or information required to move the project toward construction.
“We want to see mines opening, not closing. That’s why we’re incentivising phosphate on the Mount Isa rail line, to take the pressure off new and existing rock phosphate rail users while they develop their operations,” Minister for Natural Resources and Mines Dale Last said.
“Global demand for phosphate is strong, and north west Queensland is well positioned to benefit. We’re taking action to ensure emerging producers get the support they need to scale up.”
Last said his primary focus is the future of the Mount Isa copper smelter.
“I’ve met with Glencore CEO Gary Nagle twice since we formed Government, and I’ve held numerous other discussions to keep the smelter’s future on the agenda,” he said.
“The Queensland Government is doing all it can to ensure its continued operations. As part of our negotiations, Glencore has agreed to allow third-party access to the copper tailings at the Mount Isa site, opening up new processing opportunities and value-add potential.
“This is a significant boost for local workers, contractors and suppliers right across the supply chain.
“We’re also cutting red tape, backing investment, and creating the conditions for long-term jobs in the north west. This is particularly important as Eva Copper reaches its key financial decisions.”
