The Queensland Government has declared the proposed PhosOne joint venture in north west Queensland a ‘prescribed project’.
Declaring a prescribed project means the Queensland Coordinator-General can work with local governments and regulators to help progress it to production, fast-tracking its approval process and paving the way for significant regional development.
A joint venture between North West Phosphate Limited (NWP) and Sibanye-Stillwater (SSW), PhosOne will grow phosphate rock concentrate for use in agriculture as fertiliser.
North West Phosphate managing director John Cotter said the prescribed project status is a strong signal of support from the Queensland Government and provides welcome momentum as the project progresses 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,” Cotter said.
PhosOne is expected to generate $1.4 billion in economic value, create 490 construction jobs, and deliver 240 ongoing roles.
“The Crisafulli Government is committed to delivering new opportunities for the north west, and expanding mining in our regions,” Queensland Deputy Premier and State Development, Infrastructure and Planning Minister Jarrod 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.”
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.
“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,” Assistant Minister for Primary Industry Development, Water and Western Queensland Sean Dillion said.
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