Industry has praised a recently approved $21.7 billion mining project for playing a big role in ending the fight against “poverty”.
The Australian Mines and Metals Association (AMMA) recently welcomed Adani’s Carmichael Coal Project as “overwhelmingly positive news” for regional Queensland, the rest of the state and nation.
AMMA revealed the project would help countless people overcome poverty.
“Australia is also strengthening our relationship with one of our most important emerging international trade partners, and doing our part in helping bring billions of people out of poverty,” AMMA chief executive Steve Knott says.
“Australia supplying developing nations such as Indian with their coal energy needs is … good for our economy and jobs.”
During the first stage of the project, it will inject 500 new jobs into regional Queensland’s economy, creating up to 10,000 direct and indirect jobs throughout construction and employing an operational workforce of 4500.
Knott claims new projects of this scale are hard to come by.
“New multi-billion dollar mining projects are an extreme rarity in the challenging economic conditions currently facing resource operators globally. In recent years more than $160bn worth of potential resources projects have been dropped from consideration in Australia, almost half of which was flagged for Queensland,” he says.
“Adani’s Carmichael project will be much more than a short-term boost for Queensland’s economy. With an operating life of up to 90 years, it will create opportunities for small business and provide taxation and royalties that will fund schools, hospitals and other community infrastructure for almost a century.
“It is not missed that as most of the country celebrates one of very few new major resource projects in Australia coming closer to fruition, there are ongoing strategies by vocal minority activist groups to frustrate and stall the project through Australia’s courts.”