Minister welcomes new mine in NW Queensland
I WELCOME the re-opening of the Century Mine in northwest Queensland as an historic event.
This project represents a $50-million investment and 250 jobs for the region, and also sees benefits flow to the indigenous owners.
I am passionate about the mining industry and this project demonstrates why: it brings income and jobs to regional areas and improves the state and national economies as well.
The overall operation includes the mine site, a 300km slurry pipeline to the coast and facilities at the port of Karumba.
I understand the remaining mineral assets include over 2.2 million tonnes of zinc metal equivalent resources located within mineralised tailings, and over 1 million tonnes of zinc and lead resources in the Silver King, South Block and East Fault Block base metal deposits.
Also, Century hosts several substantial phosphate deposits which are yet to be developed.
Restarting of operations and longterm ongoing infrastructure usage also eliminates the need for infrastructure dismantling and final closure activities until potentially well after 2050.
This is an historic event of real significance to northwestern Queensland and I value the opportunity to inspect the site and discuss their future plans with executives of New Century Resources.
TALKING MINES: Senator Matt Canavan.