Why are we selling our gold and coal mines?

NFI (National Energy Board) has given the go-ahead to the Gold Coast and Gold Coast Mining Corp Ltd to open up its mines for the first time since the 1990s.

The NFI’s decision comes just weeks after the State Government cleared the construction of the first coal mine in the state.

According to a press release from NFI, the new mine will be a $8.5 billion investment, employing 2,000 people, including up to 1,000 miners and 2,600 workers.

“We have to be able to be open and competitive,” NFI CEO Jeevan Kaul told the NDTV.

NFI said that the mining of gold and copper in the Gold and Cwm mines will be the first of its kind in Queensland and Western Australia.

Gold Coast mines have been dormant since the coal mines closed in the late 1970s.

However, with mining becoming a major economic driver for the state, the Gold Coalfields have been slowly returning to the limelight.

A large number of mines in the Cwm area, including the Gold Cwm, will be open to mining operations by the end of this year.

In August last year, the State Cabinet approved the mining plans for the CWM mines, and NFI said it was looking forward to working with the Goldcoast region.

“It’s about building our own infrastructure, so we’re getting the Goldcobra mining licence for the mines,” Mr Kaul said.

He said the GoldCoast region needed “the best equipment and the best people” to help develop the mines.

Queensland Treasurer John Hourican said he was “absolutely thrilled” to see NFI opening up its Gold Coast mines to the mining industry.

“Gold Coast has a lot of potential in terms of mining, and we are committed to bringing the Goldcorp mine and the Cimbra mine to life,” Mr Hourican told reporters.

“I’m pleased that this decision has been made and we’re going to be opening up more mines in Queensland.”

Topics:mining-industry,gold-coast-2450,gold Coast-2430,david-mcdaniel-2300,goldcoast,goldland-2470,queenslandFirst posted August 21, 2019 09:07:06Contact Adam MarderMore stories from Queensland