Leap forward for Multicom vanadium plans
The project is expected to directly employ about 200 people during the construction phase and more than 150 people in initial operations, with more positions to come as it scales up.
Queensland Resources Minister Scott Stewart said he welcomed the decision by the Federal Government concerning Saint Elmo.
“Vanadium will be a workhorse mineral of the battery storage and renewable energy sector,” he said.
“There has been significant interest in vanadium and other new-age minerals in North Queensland.
“That’s why the Palaszczuk Government is backing the North West Minerals Province as it will create jobs as we deliver Queensland’s plan for economic recovery from the COVID-19 global pandemic.”
Multicom proposes construction and operation of an open-cut mine extracting up to 20,000 tonnes per annum of vanadium.
It will involve shallow (20m-40m) open-cut strip mining with sequential mining, backfilling and rehabilitation of disturbed areas.
Multicom has not commented on the Federal approval, but its most recent public update indicated the company was working towards construction starting in late 2021.
The State Government last year declared Saint Elmo as a prescribed project, shortly after the Federal Government granted major project status to the mine, helping fast-track its development in line with its goal of positioning Australia as a key global player in critical minerals.
The project’s approval under the Environment Protection and Biodiversity Conservation Act includes conditions to minimise the impacts of the mine on Julia Creek dunnarts.
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