The CRSC is an 11km overland conveyor system that will transport coal from the company’s Peak Downs mine to the coal handling preparation plant (CHPP) at the nearby Caval Ridge mine.
Queensland Resources Council chief executive Ian Macfarlane said it was great news for the local community and the broader Queensland coal industry, which had been struggling through a downturn over the past few years.
“These investments are driven by companies willing to invest because they see the fundamental drivers of global demand for high-quality Queensland coal remain strong,” Macfarlane said. “We know demand remains strong as there is no viable substitute for coking coal in the production of blast-furnace steel – no ‘Uber’ process waiting in the wings.”
The project will create up to 400 new construction jobs and around 200 ongoing jobs and is scheduled to start this year.