STRADBROKE MINE SHUTDOWN FAST-TRACKED

Written on the 29 March 2011

STRADBROKE MINE SHUTDOWN FAST-TRACKED

ONE of North Stradbroke Island’s (NSI) prominent miners has slammed the State Government’s decision to shut down all mineral sands mining operations by 2019, saying the move threatens the Island’s economic future.

Premier Anna Bligh officially stated last June that mining operations on NSI would continue until 2027. However this morning she announced to parliament the shutdown of Stradbroke sand miners would be fast-tracked to 2019.

Sand miner Sibelco Australia employs around 600 people in its North Stradbroke operations - jobs likely to be lost when the 94 per cent shut down of mining activity is implemented.

Sibelco sustainability and community relations manager Paul Smith, says local residents and employees are ‘devastated’ by the decision.

He highlights pressure from green groups as the cause of the Bligh Government’s turnaround on its initial 2027 timeframe.

“The residents, visitors, businesses and our Sibelco employees have been left stranded by this broken promise by the Bligh government,” says Smith.

“Everyone is feeling betrayed by a State Government which is pandering to minority and green groups who have a long-standing history of opposing progressive and beneficial development on the Island.”

Bligh however is determined to increase the NSI’s protected national park area from 1.7 per cent to 80 per cent.

“North Straddie is a Queensland icon and a favourite getaway for thousands of families - I want more of this wonderful place protected so the island has a more sustainable future for generations to come,” she says.

“Mining has occurred on the island for more than 50 years and it’s generated jobs, but we cannot overlook Straddie’s rich indigenous history and outstanding beauty.”

Smith, a NSI resident, expects the renewal of existing mining leases will be curtailed immediately.

“Mining is taking place on NSI within the conditions of these existing leases. From what we understand, there has never been a non-renewal of a lease in this way in the history of Queensland,” he says.

“This broken promise by the State Government will set a dramatic precedent which will undermine the fundamental basis for the security of mining leases across the state.

“With this back flip, Anna Bligh has put every mining company operating in Queensland on notice. This is a clear example of sovereign risk and other investors in Queensland should take notice of what is happening here.”

Sibelco Australia and a group of NSI residents plan to partition the government to reconsider its decision.


Latest News

BABY STEPS FOR BELLAMY'S IN TURNAROUND

GREEN shoots are appearing in the Bellamy's Organic (ASX: BAL) business in the early days of its turnaround.

T...

LOSSES MOUNT AT SLATER AND GORDON

SLATER and Gordon's losses continue to mount following its disastrous entry in to the UK market. The compa...

NVC PLAYS A DIFFERENT GAME, AND WINS

AS its profits rise, National Veterinary Care's (ASX: NVL) focus on training over retail is proving to be a wi...

SUPERLOOP $2M LOSS DOES LITTLE TO KILL SLATTERY'S CONFIDENCE

BEVAN Slattery (pictured) is optimistic that Superloop's (ASX: SLC) financial position is promising, despite t...

Related News

HOW TO TAKE CONTROL OF YOUR CAREER THROUGH TRAINING

GIG economy, remote working, and freelance Friday are more than just buzz terms; our workforce is changing, and so...

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter