JFE Steel Corporation will begin construction on its Byerwen joint venture project with QCoal, set to bring nearly 900 jobs to Queensland.
This comes after the state government granted mining leases to Byerwen Coal to develop two tenements in the project.
The Byerwen mine, located in north east Queensland is set to produce up to 10 million tonnes of coking coal and thermal coal annually from its open cut operations 20km west of Glenden.
The coal will then be transported to Abbot Point Coal Terminal for export.
Queensland Resources Council deputy chief executive Judy Bertram said the mining lease approval was “a huge shot in the arm from the central Queensland economy”.
“This is a big dose of export growth for Queensland’s premium coking coal, which is why Japan’s JFE Steel is investing in the project,” she said.
“This mine will also be a significant economic contributor to local communities and the wider Queensland economy.”
Queensland natural resources and mines minister Anthony Lynham also highlighted the economic benefits of the project and the jobs its will bring to the state.
“The Byerwen mine project will generate 350 construction jobs at peak, followed by up to 545 ongoing jobs once this coking and thermal mine is fully operational,” Lynham said.
“It’s particularly good news for locals, as the proponent has previously committed to hiring from Glenden, Nebo, Moranbah and Collinsville and across the wider region.”
Early stage development will begin with the aim of shipping coal by early 2018.