Pit-to-production PhosOne venture in QLD declared a Prescribed Project
The proposed North West Queensland pit-to-production venture PhosOne has been declared a prescribed projects by the State Government, enabling the streamlining of the development’s approval process.
PhosOne is a joint venture between North West Phosphate Limited (NWP) and Sibanye-Stillwater (SSW).
“This declaration supports the project’s continued development and planning, and recognises the long-term strategic value a project like PhosOne could offer in terms of securing phosphate supply, supporting regional employment, and contributing to domestic fertiliser production.
“PhosOne has the potential to deliver a stable, long-term economic boost for the North West Minerals Province.
“We appreciate the Government’s recognition of the project’s potential and look forward to continuing to work closely with our partners, local communities, and stakeholders as we move through the next phase,” North West Phosphate Managing Director John Cotter said.
“The Crisafulli Government is committed to delivering new opportunities for the North West, and expanding mining in our regions.
“Designating this venture as a prescribed project highlights its significance for the region and starts the comprehensive approval process.
“We are committed to delivering secure jobs and opportunities, growing the industries that keep our regions strong,” Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said.
This integrated project will not only help grow local production of phosphate rock concentrate for the manufacture of fertiliser, but it is also expected to generate $1.4 billion in economic value as well as create 240 ongoing and 490 construction jobs in the North West.
The PhosOne venture will mine phosphate from NWP’s new $150 million Paradise South mine located about 130 kilometres northwest of Mount Isa, which will then be transported to Century mine for processing.
Additional processing of the concentrate will be carried out at the Port of Karumba before the phosphate rock concentrate is shipped to trade partners.
The development of Paradise South mine is being expedited following a $5.77 million funding injection from the Mount Isa Mining Acceleration Program.
“Our resources and agricultural industries are a powerhouse for Queensland’s economy and this project has the potential to deliver for both – more domestically manufactured fertiliser and more mining development,” Assistant Minister for Primary Industry Development, Water and Western Queensland Sean Dillion said.
“Ensuring Queensland continues to be set up for success through projects that balance social and economic needs is central to the Office of the Coordinator General,” Queensland Coordinator-General Gerard Coggan said.
Source: Queensland Government – Media Statements; Australian Mining
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