Joint venture gives boost to FNQ mine project

A potential Far North Queensland mining project that could create up to 400 new jobs has taken a major step forward.

Resources Minister Scott Stewart has welcomed today’s announcement by Glencore and Mitsubishi Development to become joint venture partners in the proposed Aurukun Bauxite Project.

“Keeping the state’s resources industry and other industries open has been a key part of Queensland’s plan for economic recovery,” Mr Stewart said.

“Today’s ABS figures show that since the Palaszczuk Government was elected, more than 296,000 jobs had been created and, if approved, this project will help create even more.

 “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.”

Located 23km north-east of Aurukun on the Cape York Peninsula, the Aurukun Bauxite Project could produce up to 8 million dry tonnes of bauxite over an expected mine life of more than 20 years.

If approved, the project would support up to 250 construction jobs over a two-year phase and create about 400 mining jobs when the mine enters production.

Bauxite is a key ingredient in aluminium, a recyclable and widely used metal in the transport, construction and packaging industries.

The proponents are progressing relevant State and Federal Government approvals, including the development of an Environmental Impact Statement and agreements with Traditional Owners.

If approved, the joint venture partners aim to reach a final investment decision on the development of the mine during 2022.

Mr Stewart said his department will continue to work with Glencore and Mitsubishi Development as they undergo State Government approvals for the project.

“The Palaszczuk Government supports the resources sector for the royalties and jobs it generates, particularly in regional Queensland,” Mr Stewart said.

“The resource sector continues to support more than 68,000 jobs across our State and represents $49 billion in exports.”

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 Media contact: Michael Saunders – 0428 411 617