Media Release: Coal expansion brings economic benefit
The recent news of an expansion of the Cameby Downs coal mine near Miles is good news for the coal mining industry and the benefits this will bring to the region.
Minister for Natural Resources, Mines and Energy Hon Dr Anthony Lynham recently announced the approval of mining leases for the expansion, which will increase production and extend mine life at the open cut site.
Ian MacFarlane, Chief Executive of Queensland Resources Council has spoken about the renewed confidence in the sector.
“The approval of the mining leases to extend the life of the Cameby Downs Mine in the Surat Basin secures jobs, exports and royalties for the State and confirms the long-term role for coal,” said Mr MacFarlane.
Cameby Downs currently employs 140 staff and the mines expansion will bring an extra 20 jobs to the region.
“It’s more good news for coal and will increase the production to 3.5 million tonnes per annum (mtpa) of coal, up from 2.8 mtpa and will create an extra 20 jobs,” said Mr MacFarlane.
The resources sector is already contributing to the Western Downs Regional Council area, accounting for $374 million or 10% of the area’s gross regional product and 2006 full-time equivalent or 12% of the local workforce.
“Whether it is the Government-owned Kogan Creek mine, Cameby Downs, other existing mines in the Surat and Bowen basins or those proposed in the Galilee Basin, Queensland depends upon them. Coal currently delivers $43.4 billion or 13% of the State’s gross regional product and more than 215,000 or 9% of full-time equivalent jobs in Queensland,” said Mr MacFarlane.
“All over the Darling Downs the economic impact of the resources sector can be felt whether it’s through Conduct and Compensation Agreements (CCA) between farmers and the gas industry, jobs in the coal industry or the billions of dollars in royalties the sector pays each year to help build the hospitals, schools and roads that all Queenslanders benefit from.”
Ali Davenport, Toowoomba and Surat Basin Enterprise CEO said “the recent announcement of the expansion of Cameby Downs coal mine provides greater opportunities for jobs in our region. The resource sector continues to improve the local economy and supports local jobs, boosts exports and provides opportunities for regional businesses.”