AUSTRALIA's resources employer group has said the Federal Government's approval of the Arrow LNG project has proved the boom isn't over.
The Australian Mines and Metals Association (AMMA) said Tuesday's tick for the fourth Curtis Island plant, along with the Abbot Point coal terminal approval, meant a strong injection of jobs and economic benefits.
"Collectively, these significant resource industry projects would create more than 5000 new construction-based roles in Queensland and inject many billions of dollars into the economy," said AMMA chief executive Steve Knott.
"These wealth-creating developments are just four of more than 300 projects in Australia's resource industry investment pipeline, representing about $500 billion of capital."
"Coupled with this week's approvals, this future potential puts to bed any pre-election nonsense that Australia's resources boom is coming to a rapid end.
The $17.6 billion Arrow LNG project would bring more than 4000 new jobs to Gladstone, in construction and operational roles.
But industry analysts have warned economic conditions mean Arrow's owners Shell and PetroChina are more likely to abandon plans to build a plant, and instead do a deal to process Arrow's gas through an existing Curtis Island LNG project.
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