Government pledge $40million to boost environmental clean-up of Queensland mines
The Palaszczuk Go...
Over $40million in state funding will be committed to manage public safety risks and clean ups of abandoned mine sites in Queensland.
The Palaszczuk Government has announced the funding over five years in a boost to the Department of Natural Resources and Mines program that works on closed mine sites.
"The program has been managing a range of public safety risks from mine sites abandoned with an annual budget of $6 million," said Natural Resources and Mines Minister Dr Anthony Lynham.
Across Queensland there are a reported 15,000 abandoned mine sites, with 3,500 of those situated on state-owned land. In April, the Environmental Protection Order (EPO) was passed, allowing the environmental regulator greater powers to sanction companies, entities or individuals who have failed their environmental responsibilities.
Environment Minister Dr Steven Miles said: "Between these new funds and the recently passed new environmental protection laws the Palaszczuk government has a comprehensive plan to manage existing abandoned mines and avoid the number of abandoned mines increasing."
Vale invests $150mn to extend life of Manitoba operations
Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.
Global energy transition is boosting the market for nickel
The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.
“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.
“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”
Vale continues drilling program at Manitoba
Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.
“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.
“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”
The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history. Mining of the Thompson orebody began in 1961.
“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.