MINING titan Glencore says it is stoked to get approval for its $7bn Wandoan coal project near Roma in south-west Queensland, but has indicated a rail link to the Port of Gladstone is crucial.
Queensland natural resources minister Dr Anthony Lynham this week approved the grant of three 27-year leases over 30,000ha in stage-one of the proposed project.
The project would be the first major coal project in the Surat Basin, but still requires a port rail link in order to be able to export coal.
When operations begin, the mine is expected to be able to produce up to 22m tonnes of high-quality thermal coal per year.
In a statement, Glencore welcomed the grant of the mining leases, saying they were applied for back in 2007.
“We have been transparent with governments and the community since 2013 when the project was placed on hold, [and] we will continue to assess the project’s timing against the global coal market,” the statement read.
“The Wandoan Coal Project will require a multi-billion Dollar capital investment for both the mine and related infrastructure.”