The Bowen Basin resources project is a step closer for Central Queensland with the $90 million Isaac Downs mining project being declared a prescribed project about 10 kilometres south east of Moranbah.
Minister for Regional Development Glenn Butcher said “As we implement Queensland’s plan to strengthen our economy in the wake of the global coronavirus pandemic, projects like this have the potential to play in important role for regional Queensland.”
Construction could begin as early as 2021 & operational by mid-to-late-2021, with the build phase expected to create 250 jobs, ongoing long-term employment for 220 transferable workers from the Isaac Plains Mining Complex, & 80 additional new jobs.
“The economic contribution generated by Isaac Downs for the region will be $2.5 billion over its anticipated 16-year life, and a further $457.9 million in economic contributions for the rest of Queensland.”
“The project will enhance ongoing employment & community opportunities in the local business district affected by COVID-19, whilst providing high standards of environmental protection,” Stanmore’s CEO, Mr McCabe said.
“It’s good news for the Queensland & national economies that this expansion project will extend the life of the mine & provide extra jobs,” Isaac Mayor, Ann Baker said, and “while the construction & operational phases are likely to see workers drawn from a wide area of Queensland, we look forward to seeing economic benefits flow for the Isaac Region as well.”