27 mines expected within six years

THERE are 11 new mineral mines and 16 new coal mines expected to be in production within the next six years in the Gladstone region, according to the Department of Employment Economic Development and Innovation regional geologist Phil Ferenczi.

Speaking at the Golding Industry Conference in Gladstone yesterday, Mr Ferenczi updated the delegates on exploration and mining developments, including new resources and the expansion and extension of existing mines and gas fields.

“At the moment coal seam gas to liquefied natural gas projects are far exceeding other resource developments in the Gladstone region,” Mr Ferenczi said.

“The 16 new coal mines alone will employ more than 3500 people with a licence to produce for the next 20 years.

“However, all bets are off if the United States goes into a double-dip recession,” he said.

The mines have exploration licences to explore deposits of gold, copper, silver, zinc, coal, apetite, ilemite and magnesite.

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