Legend International Holdings was given approval for a second mining lease in the North West Queensland Minerals Province and Premier Anna Bligh said it was a positive indication that investors were confident in mining and resources in Queensland.
“With Legend’s estimate of almost 200 million tonnes of mineral reserves in the area, we are looking at a mine with an operational life of 60 years,” she said.
Local government is also welcoming the development of the mine, with Mount Isa MP Betty Kiernan saying the benefits from the project would be widespread and varied.
“With Legend also planning to build a fertiliser plant in Mount Isa and export the product via the Port of Townsville, this will keep the North-West on the international map for many, many years,” Kiernan said.
Mt Isa dependent on mining
“A lot of people in this part of Queensland depend on mining for a job and I’m pleased to see those opportunities keep rolling in.”
Legend International Holding project manager Ed Walker said has applied for a staged development on its two granted mining leases and a third lease covering the project.
“Mine production is planned to start first with high-grade ore from the Paradise North deposit for the first five years,” Mr Walker said.
“The larger Paradise South deposit is then planned to provide high quality phosphatic rock for the fertiliser plant planned for Mount Isa.