Australia News

Published on February 13th, 2013 | by


New Queensland mine will create thousands of jobs

A new underground coal mine in Australia would create thousands of jobs and an economic windfall of more than $1 billion, its operators say.

Bandanna Energy says new economic modelling shows its proposed project at Springsure Creek, south of Emerald, in central Queensland, will create more than 1000 full-time and 2100 part-time jobs between now and 2015 if it gets the go-ahead. “This is one of the few coal projects in Australia that is continuing to progress despite the weak global economy,” managing director Michael Gray said in a statement.

The project would contribute $997.8 million to Queensland’s economy over its expected 40-year life, with the Queensland government forecast to receive approximately $3.4 billion in payments, mostly in royalties, he said.

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