Canadian mining giant Teck has joined the growing band of explorers on the hunt for Queensland resources.
Teck Australia, a wholly-owned subsidiary of Canada’s largest diversified resource company, Teck Resources Ltd, has been given the green light to start exploring a 102 square kilometre site for minerals 8km southwest of Cloncurry.
Teck Australia is the first company in Queensland to be granted a permit to explore for minerals through a tender process.
Traditionally, exploration permits are simply applied for.
Mines Minister Anthony Lynham said Teck’s move was a sign of ongoing confidence in the state’s North West Mineral Province.
“Not only will this help to secure the next generation of resource development in the north-west region, it will firmly cement Queensland as a leader in the global minerals sector.”
“The next minerals boom will be new-age minerals used in advanced technologies from hybrid vehicle batteries to super-conducting magnets.”
Queensland’s North West Mineral Province is a world class base metals region and Australia’s largest producer of copper, lead, zinc and silver.