PhosOne declared a prescribed project for the North West
- North West Queensland pit-to-production operation PhosOne deemed a 'prescribed project'.
- Project will establish a cost-effective phosphate ore development to capitalise on global demand.
- PhosOne expected to generate $1.4 billion in economic value and create 240 ongoing and 490 construction job.
The Crisafulli Government has declared the proposed North West Queensland pit-to-production venture PhosOne a prescribed project to streamline its approvals.
A joint venture between Australian company North West Phosphate Limited (NWP) and Sibanye-Stillwater (SSW), PhosOne will grow local production of phosphate rock concentrate for use in agriculture as fertiliser.
The declaration as a prescribed project will mean a streamlined approval process for the integrated project, which is expected to generate $1.4 billion in economic value and create 240 ongoing and 490 construction jobs in the North West.
The project will mine phosphate ore from NWP's new $150 million Paradise South mine, 130km northwest of Mount Isa, before being transported to Century mine for processing.
Additional processing of the concentrate will then occur at the Port of Karumba, before the phosphate rock concentrate is shipped to trade partners.
The mine development is being expedited, following funding of $5.77 million from the Mount Isa Mining Acceleration Program.
Deputy Premier and Minister for State Development, Infrastructure and Planning, Jarrod Bleijie said the PhosOne project could generate significant jobs and economic development for the North West.
"The Crisafulli Government is committed to delivering new opportunities for the North West, and expanding mining in our regions," Deputy Premier Bleijie said.
"Designating this venture as a prescribed project highlights its significance for the region and starts the comprehensive approval process.
"We are committed to delivering secure jobs and opportunities, growing the industries that keep our regions strong."
Assistant Minister for Primary Industry Development, Water and Western Queensland, Sean Dillion, said this declaration is another example of how the Crisafulli Government is delivering more economic development opportunities in regional Queensland.
"Our resources and agricultural industries are a powerhouse for Queensland's economy and this project has the potential to deliver for both – more domestically manufactured fertiliser and more mining development," Mr Dillion said.
Queensland Coordinator-General Gerard Coggan said it was vital to create avenues of support for different sectors through critical mineral expansion and production.
"Ensuring Queensland continues to be set up for success through projects that balance social and economic needs is central to the Office of the Coordinator General," Mr Coggan said.
Managing Director of North West Phosphate John Cotter, said the Prescribed Project status was a strong signal of support from the Queensland Government and provides welcome momentum as the project is progressed through the joint venture study phase.
"This declaration supports the project's continued development and planning, and recognises the long-term strategic value a project like PhosOne could offer in terms of securing phosphate supply, supporting regional employment, and contributing to domestic fertiliser production," Mr Cotter said.
"PhosOne has the potential to deliver a stable, long-term economic boost for the North West Minerals Province.
"We appreciate the Government's recognition of the project's potential and look forward to continuing to work closely with our partners, local communities, and stakeholders as we move through the next phase."
