GOOD KOREA MOVE
PREMIER TO CONFIRM JOBS BOOM FOR SUN METALS
A JOBS bonanza for Townsville is now imminent after Sun Metals gave the green light to a $ 300 million expansion of its zinc refinery.
About 350 direct jobs will be created during construction of the refinery expansion in addition to 100 ongoing jobs in operations and logistics when it is complete. In total the expansion will generate more than 820 direct and indirect jobs for the Townsville region.
Premier Annastacia Palaszczuk is expected to announce the good news for Townsville job seekers today during her visit to the city.
It follows her recent visit to South Korea for a trade mission.
Sun Metals had sought an “acceptable” long- term power supply and certainty over road and logistics access to the Port of Townsville before making a final determination on its proposed refinery expansion.
During Ms Palaszczuk’s trip to South Korea she met with top officials from Korea Zinc Company, parent to the Sun Metals Corporation.
“This expansion will bring hundreds more jobs to the North and will have a significant impact on the regional economy,” Ms Palaszczuk will say.
“This is a huge day for Townsville and the surrounding region.”
Sun Metals chief executive Yun Choi said the State Government’s involvement had paved the way for the expansion to proceed.
“We’d really like to personally thank the Premier and her government for all the hard work that has allowed us to make this announcement,” he said.
In March this year Sun Metals confirmed it was work- ing to verify a business case for the expansion, including plant design, chemical engineering and infrastructure requirements.
In addition to the jobs created in construction and ongoing operations, the expansion is also expected to boost other areas of the region’s economy.
“The expansion would also see an increase in economic activities for Townsville, with significant increase in Townsville Port activities, uplift for local suppliers and contractors and also, via use of new refining technology, reduced water usage and environmental footprint,” Mr Yun Choi said in March.
Korea Zinc is one of the biggest zinc producers worldwide. Its Sun Metals operation in Townsville produces about 225,000 tonnes of zinc annually. The zinc is used in a range of products including steel pipe, steel wire, vehicle parts, anti- corrosion paint and electronic parts. Earlier this year Sun Metals completed construction of a $ 200 million solar farm, which now provides about 30 per cent of the refinery’s electricity needs.