Sell with Confidence
Read More

Bowen Basin Resource Project

By Tammy Laval

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.”

Up to Date

Latest News

  • Mackay Development: Telco giant reveals new plans

    TELECOMMUNICATION services in Mackay’s city heart and fringes could be given a boost in coming months if plans lodged by Optus get the green light. The communication giant has lodged a development application with Mackay Regional Council to construct a new mobile network base station at the Mackay Showgrounds. Lodged … Read more

    Read Full Post

  • Market in Review Indicators

    The tide turns for resources markets: The signs have been slow, but the likes of mining town’s like Karratha are turning the corner. Hotspotting news highlighted on SQM Researches stats, with the following comments: “Property prices in Karratha have fallen 59.7% in the last three years according to SQM Research., … Read more

    Read Full Post