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QRC welcomes federal Investment in new steelmaking Coal Project near Moranbah

The Queensland Resources Council (QRC) has welcomed the Northern Australia Infrastructure Facility’s (NAIF) decision to invest in a new metallurgical coal mine near Moranbah in Central Queensland. The Pembroke Resources-owned Olive Downs Steelmaking Coal Complex (Olive Downs) in the Bowen Basin will receive a $175 million NAIF loan to kickstart construction of a ‘21st century mine built to 21st century standards’.

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QRC welcomes Submissions on Resources Industry Development Plan

The peak body for the resources sector in Queensland has welcomed the opening of submissions to the Queensland Resources Industry Development Plan (QRIDP) by the Queensland Government.

“The Queensland Resources Council (QRC) has been pleased to work closely with the Palaszczuk Government from the outset to develop the plan,” said QRC Chief Executive Ian Macfarlane.

“We congratulate Resources Minister Scott Stewart and his department on working with us to develop this important plan to ensure the resources sector and its communities remain strong and deliver jobs and prosperity for all Queenslanders,” he said.

Despite the COVID-19 pandemic, the resources industry has continued to ensure Queensland’s economic prosperity through its $82.6 billion contribution in the last year.

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