Time to approve New Acland to support global Markets

“The world, especially Europe, needs Queensland’s high-quality commodities now more than ever,” QRC Chief Executive Ian Macfarlane said. “Queensland’s high-quality coal has a role to play in ensuring energy security and stability for export nations. Delays in finalising approvals for the New Acland mine have not only cost jobs and hurt the Darling Downs economy, but they are also undercutting Australia's capacity to supply global markets at a time when they need our commodities the most. In December the Land Court of Queensland recommended the New Acland Mine Stage 3 mining leases and environmental authority amendment application be granted, subject to conditions. Queensland's energy exports including coal and LNG have a role to play as nations work towards net zero emissions goals, especially as export nations take the time needed to implement new technologies, including renewables, carbon capture and storage, and to further develop hydrogen potential. Queensland has the resources to be at the centre of each of these markets, but lengthy project delays are holding the state back and could compromise future opportunities. Australia has built its reputation as a trusted global supplier of commodities. The Queensland Government cannot drag out a decision on New Acland any longer.”

Source: QRC