In Exploration, Infrastructure & Operations, Latest News

The Queensland Resources Council has welcomed the strong sale price for Rio Tinto’s Queensland coal assets, which will continue to operate under new owners.

Chief Executive Ian Macfarlane said the sale of Rio Tinto’s interest in the Hail Creek coal mine and Valeria coal development project and the Kestrel underground coal mine for a total of $3.95 billion showed the strength of the resources sector in Queensland.

“Our resources sector continues to power our economy in Queensland,” Mr Macfarlane said.

“It’s great news that through the sale of these assets, the Queensland coal industry will continue to generate the jobs and export revenue that keeps our state strong.

“The high value of these coal assets is a sign of confidence in the contribution of the coal industry and a reflection of the strong demand for our high-quality coal in international markets.

“Regional communities across Queensland are benefitting from the resurgence in the resources sector with an uptick in local jobs and investment.

“Our resources create one in every six dollars, one in every eight jobs and account for 80 per cent of the state’s exports.

“A strong resources sector delivers for all Queenslanders.”

You may also read!

Carbon emissions will reach 37 billion tonnes in 2018, a record high

Carbon dioxide (CO₂) emissions from fossil fuels and industry are projected to rise more than 2% (range 1.8% to


Queensland calls out Federal LNP for climate inaction

Queensland Minister for Environment and the Great Barrier Reef Leeanne Enoch has joined with other state and territory Ministers


Refinery expansion a jobs bonanza for Townsville

A $300 million expansion of the Sun Metals Zinc Refinery is set to bring hundreds more jobs to the


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu