Overview of the Program
Mount Isa’s economy is set for a major boost with the creation of more than 2500 new jobs over the next five years, thanks to the Miles Government’s $30 million Mount Isa Mining Acceleration Program. This initiative aims to fast-track key mining projects in the North West Minerals Province, providing immediate and long-term employment opportunities.
Key Projects Funded by the Acceleration Program
The Acceleration Program will fund three significant projects:
1. Eva Copper Mine Project (Harmony Gold) – $20.7 million
Located 95 kilometres northeast of Mount Isa, this project will be one of Queensland’s largest copper mines. It is expected to create 800 construction jobs and 450 operational jobs, with a minimum lifespan of 15 years.
2. Paradise South Phosphate Mine (North West Phosphate) – $5.77 million
Situated 130 kilometres northwest of Mount Isa, the Paradise South open cut mine will produce two million tonnes of phosphate ore annually for at least 20 years. The funding will expedite the project by up to six months, leading to the creation of 74 immediate jobs, 492 construction jobs, and 245 operational jobs by 2026.
3. Vecco Critical Minerals Project (Vecco Group) – $2.33 million
Near Julia Creek, this project will focus on vanadium and high-purity alumina (HPA) production, essential for downstream battery manufacturing in Townsville. Construction will begin this year, generating 300 jobs by 2025 and 2026, with 274 operational positions starting in 2026.
Impact on Employment and the Region
These projects are expected to generate nearly 1000 long-term mining jobs and a peak workforce of 1600 jobs during early works and construction phases.
Government Support and Vision
Deputy Premier Cameron Dick highlighted the government’s commitment to the region, stating, “The Isa has stood tall as a thriving mining hub for 100 years. We are investing in the North West so it will continue to prosper for the next hundred. This $30 million investment brings local projects and jobs online sooner, including one of the largest copper mines in the region.”
Ministerial Comments
Minister for Resources and Critical Minerals Scott Stewart added, “This acceleration fund will help get these major projects off the ground quicker. Queensland’s North West Minerals Province has an abundance of critical minerals essential for Australia’s clean energy future.”
Broader Economic Impact
The Mount Isa Mining Acceleration Program is part of a broader $50 million support package, which includes an economic structural adjustment package to support job creation and community resilience in Mount Isa.
Conclusion
This strategic investment not only aims to diversify Queensland’s critical minerals sector but also ensures the longevity and stability of Mount Isa’s economy, providing a promising future for the region.
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Would be good if there is incentives for those that live up here (and those already living here). Huge plus for family life as well as most us know. I get the pull of FIFO but living locally would bring so much back to our town when the money made here gets spent here. Also much easier to get a shift off rather than a block so that’s another bonus so the workers don’t miss out on so much.
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