New Queensland Mine Will Create Thousands Of Jobs

14 Feb 2013

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.

Source: http://www.australiamagazine.co.uk/