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The $30 billion Queensland coal industry could face major problems as it closes in Queensland, the Government can reveal.
Coal minister Anthony Lynham today confirmed he was proposing a coal mine on Swanbank, about 200 kilometres north of Brisbane.
‘We know the Swanbank region is a real gem of a location, we’ve just been looking at it and it’s got a lot of potential, it’s really good and I’m looking forward to being able to put the proposal forward today,’ Mr Lynham said.
‘It could be a very high-value coal mine that would do considerable damage to the environment.’
The project is the first of two proposed mine developments planned by Queensland’s Premier Annastacia Palaszczuk and Labor leader Annastacia Palaszczuk
The Premier is yet to make an official announcement of the planned mine development which has been estimated at the $90 billion market value, but she could announce plans over the summer.
South Australia has approved another $70 million for the construction of the $200 million Glenelg Carmichael coal mine.
There have been several recent proposals for coal mining in the region which is the sixth largest state in Queensland.
One of those was the $120 million Lismore iron ore mine.
But Mr Lynham said the Swanbank proposal had an ‘economic viability’.
‘It would be a great spot for investment from the coal industry.’
The proposed mine would employ hundreds and create jobs along the Swanbank area, Mr Lynham said.
He described the proposed mine as long overdue for development and was long overdue for a future.
Mr Lynham said the proposed mine would have millions of tonnes of carbon and potentially millions more tonnes in the ground as carbon pollution is already on the rise.
‘I’m concerned about the environmental damage it would bring in the Swanbank, I think you’ll find the level of pollution will be a major factor in local residents’ perceptions about coal, and the effect it will have on climat