A revived copper mine has gained special status to cut red tape and create hundreds of jobs in north-west Queensland.
Minister for State Development Anthony Lynham has granted prescribed project status to the $152 million project to refurbish and re-open Capricorn Copper Mine, 125km north of Mount Isa.
The former Mount Gordon copper mine was mothballed in 2013 due to falling world copper prices and was sold to a joint venture of Brisbane-based Lighthouse Minerals and Melbourne-based EMR Capital in late 2015.
The Minister says jobs and business opportunities in the north-west mineral province are a priority for this government.
“Granting prescribed project status will allow the Coordinator-General to assist this project to efficiently navigate processes and timely approvals through government.
The company said that first ore production was expected in October this year, with a four-month ramp-up to steady production.
The re-opened mine is forecast to produce 30,000 tonnes per annum of copper metal in concentrate over an initial mine life of 10 years.