PERTH – Early works on the A$5-billion CopperString 2.0 project, in Queensland, is expected to start this year, with construction planned to start next year, the Queensland government said on Tuesday.
“CopperString and the Townsville critical minerals demonstration plant will act as a magnet for investment into North Queensland during the clean energy industrial revolution and that means good, secure mining and manufacturing jobs for Queenslanders,” Palaszczuk said.
“CopperString can help power Queensland into the next growth phase of the resources sector, with the North West home to many of the rare earths and critical minerals the world needs for a decarbonised future,” Macfarlane said. “There is no doubt that Queensland’s global reputation as a place to invest in resources projects has taken a big hit following the state government’s decision to impose the world’s highest coal royalty tax,” Macfarlane said.
“CopperString offers tremendous opportunities for the resources sector to continue to underpin a strong Queensland economy and provide thousands of jobs. If the government wants to see the project reach its full potential, it must reconsider the coal royalty tax.
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