CEO Column - January 2019

Patricia O'CallaghanWhether it’s tourism, construction, education or mining, consistency and transparency from government is critical for investment certainty, regardless of industry. We would argue this no matter what the project.

Changing the goal posts on the Carmichael Mine project sends a concerning signal to any sector and any investor that even if you meet your obligations, the legislature might retrospectively change. This could set a precedent risking the multi-billion-dollar pipeline of projects across regional Queensland and future investment at a time our region and families need investment and jobs more than ever.

It’s critical that all proponents deliver what’s needed for management plans and environmental approvals. Adani has assured us they have and its worth remembering that this has been an eight-year approval process, tested in courts.

There are six other mines that could proceed in the Galilee Basin potentially generating more than 15,000 direct jobs. The Galilee Basin would generate more than $40B in taxes, helping to fund more schools, hospitals and public services. The Adani project will be the catalyst to the realisation of all six mines.

Mining is an important part of our local, state and national economy, providing over 1000 direct jobs in our region alone, supporting 108 local businesses and contributing $319M to our GRP. The opening of the Galilee Basin after a long and tested environmental approval process will turbocharge jobs, business and confidence for us all – especially North Queensland.

We will continue to advocate for what’s best for all our region’s sectors and work to resolve any inhibitors halting the progression and growth of the North.

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