Business

Gladstone nickel refinery project on track for 2016

IT'S been nearly two decades in the making, but the optimistic owners of the Gladstone nickel refinery project say it's still a sure thing.

The news comes amid concerns about the future of the Boulder Steel project after it went into voluntary administration last week, and a question mark over the fourth LNG plant proposed for Curtis Island.

The Environmental Impact Statement for the Gladstone nickel project expired on July 15, but Gladstone Pacific Nickel Ltd confirmed a second extension had been granted by the Queensland Government.

A planning department representative said the Co-ordinator General's evaluation report for the project was extended to February next year.

If the company's new projections are correct, the construction phase for the world's largest nickel/cobalt refinery could begin as soon as 2016.

GPNL executive director Blair Brewster said while the construction phase had not started, the project was progressing.

"We've been making applications with the council to help move the project forward ... everything's on track," he said.

Mr Brewster said the project had technically started at the Gladstone State Development Area site on the intersection of Hanson and Reid Rds.

"Wiggins Coal Terminal needed a lay down area and because we were behind them they used our land and now they're doing bunding works for us," he said.

"When Wiggins are done in 2016, when we get access to the site we can start the construction phase.

"We got an extension on the state EIS and we're meeting our obligations with the state."

Despite financial difficulties during the GFC, Mr Brewster said the company was financially sound.

"We'll raise capital when the time is right to construct on the site," he said. The project was relaunched in 2004 after a decade of uncertainty.

It faced delays in 2010 due to failed financing and a hostile takeover bid by Queensland mining magnate Clive Palmer.

Nickel Refinery:

  • Production: a $3.65billion American ($A4.2billion) long-life nickel and cobalt refinery
  • Stage one: to produce some 63,000 tonnes of nickel and 5000 tonnes of cobalt per annum
  • Access: to 160 billion tonnes of iron ore reserves in the Pilbara Ranges, in remote Western Australia

Topics:  clive palmer, eis, gladstone, gladstone industry, nickel refinery, wicet




Our picks from the photos of the region you sent in

OUR PICK: Steven Cragg's awesome photograph of Rules Beach has won our favourite photograph. But seriously, look at the poise!

YOU take the pictures, we print them: Here are the latest:

Medical hub revamp to lure new specialists to region

An artist's impression on the BITS Medical Centre upgrade.

There's big changes afoot for a Boyne Island medical centre

Latest deals and offers

Zumbo's Just Desserts serves up magical dishes

Gigi Falanga, left, joins hosts Adriano Zumbo and Rachel Khoo on the TV series Zumbo's Just Desserts.

ADRIANO Zumbo’s decadent creations have become prime-time viewing.

Sir Cliff Richard feels 'best' after sex abuse allegations

Sir Cliff Richard is 'back' to his best after sex abuse claims

Blac Chyna sued after car injured 2 women

Blac Chyna is being sued after her friend crashed into another car

Chris Hemsworth surprises kids at hospital as Thor

Chris Hemsworth and Tom Hiddleston surprised children at hospital

MOVIE REVIEW: War Dogs tells a fascinating true story

Miles Teller and Jonah Hill in a scene from the movie War Dogs.

DARKLY funny film examines the business side of the war on terror.

Marvel-ous: Thor actors visit sick kids at Lady Cilento

Stars of Thor: Ragnarok dropped in on patients at the hospital

ISLAND FOR SALE: Cheap Fraser Coast island drops price again

Suna Island in the Great Sandy Strait will be auctioned by Ray White Hervey Bay on Saturday morning.

This is the cheapest island you will find for sale in Australia

How a family home can fit on a 250sq m block

This is what you can build on 250m2.

Here's the floor plan of a home built on 250sq m

$100m plan for Curtis Island 'world class' luxury resort

$100 million resort: Top views at Turtle Street at Curtis Island.

"At the moment we think it meets all the town planning approvals.”

Gladstone landlords in trouble with Bechtel job losses

"If a big project was announced tomorrow I wouldn't want to see it"

Coast building approvals at seven-year high: report

The the 2015/16 Development Indicators Annual Highlights Report documents local development activity that took place during the last financial year.

New report shows increasing development on the Sunshine Coast

Top honours for Mackay and Whitsunday builders

The Kerrisdale Gardens property from Paynter Dixon Queensland which won them Project of the Year.

Mackay and Whitsunday builders awarded top honours last night.