Strategy to grow Queensland’s critical mineral sector
Published Tuesday, 27 June, 2023 at 10:12 AM
Premier and Minister for the Olympic and Paralympic Games
The Honourable Annastacia Palaszczuk
Minister for Resources
The Honourable Scott Stewart
- The Palaszczuk Government has unveiled a new strategy to oversee a $245 million investment into the state’s critical minerals sector.
- Queensland has an abundance of critical minerals which are needed to build the infrastructure required to transition to a net-zero emissions future.
- The strategy will support thousands of good jobs in regional Queensland
The Premier Annastacia Palaszczuk unveiled the Queensland Critical Mineral Strategy at the World Mining Congress in Brisbane today.
The new strategy positions Queensland as a global leader in delivering the critical minerals the world needs to move to a net-zero emissions future.
The Strategy will oversee a $245 million investment into growing Queensland’s critical mineral sector, it will:
- Reduce rent for new and existing exploration permits for minerals to $0 for the next five years, worth $55 million.
- Establishing critical mineral zones, initially at Julia Creek/Richmond and around Mount Isa, with $75 million to support investment and renewed focus in advancing critical minerals projects.
- Establish Critical Minerals Queensland, a one-stop office to oversee the development of the sector and help drive and attract international investment.
- Invest $5 million to target mining waste and tailings for critical minerals, and $8 million towards scientific research including circular economy initiatives
- Provide $1 million to foster research and ESG excellence
- Deliver the $100 million Critical Minerals and Battery Technology Fund to support new investments in projects
Quotes attributable to the Premier Annastacia Palaszczuk:
“In Queensland we have some of the world’s richest mineral-producing areas, which in North Queensland alone is estimated to be worth $500 billion dollars.
“This is why our government is investing $5 billion to build CopperString 2032, to connect the North West Minerals Province, with the largest renewable energy zone on the east coast of Australia to mine and process critical minerals with renewable energy.
“The Queensland Critical Mineral Strategy is about growing this industry by not just mining the raw materials but also being able to process it and manufacturing renewables right here in Queensland.
“I want Queensland to be a global leader, supplier and manufacturer of critical minerals and this strategy will help us achieve that.”
Quotes attributable to the Resources Minister Scott Stewart:
“Queensland has vast reserves of critical minerals, such as copper, zinc, vanadium and cobalt, that the world is demanding to produce batteries and renewable energy as part of their plans to decarbonise,” he said.
“The Queensland Critical Minerals Strategy is about acting now to position Queensland as a global leader in this new industrial revolution.
“If we do not manufacture our future, someone else will, leaving Queensland to remain a low-end supplier of minerals and nothing more.”
The Strategy is in addition to the $68 million Queensland Resources Industry Development Plan and $75 million Queensland Resources Common User Facility (QRCUF) that will be built in Townsville.
QRCUF is the first of its kind for Australia and will accelerate the development of critical mineral commercial mining projects, promote investment in advanced mineral manufacturing opportunities, and support supply chain and supporting industry development.
Media Contact: Chris Lees – 0434 859 940