Re-born copper mine gains red tape reduction

A revived copper mine has gained special status to cut red tape and create hundreds of jobs in north-west Queensland.

location-map capricorn copper mine

Location map for the Capricorn Copper Mine

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.

Capricorn Copper Mine“This is all about getting almost 90 construction jobs during construction and more than 200 direct operational jobs underway and available by the third quarter of 2017.”

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.