Dec 07, 2018

Green light for $300m Sun Metals expansion

Green light for $300m Sun Metals expansion

Sun Metals Corporation (SMC) has announced it will go ahead with a $300 million expansion of zinc refinery operations in Townsville.

The expansion is expected to create 350 jobs during construction, and up to 100 ongoing jobs covering refinery, transport and logistics opportunities.

Sun Metals’ refinery expansion is expected to commence immediately and will likely be completed by the first half of 2021.

SMC chief executive officer Yun Choi thanked Premier Annastacia Palaszczuk and the State Government for their involvement in key issues which paved the way for the announcement of the expansion to proceed.

“I would like to personally thank the Premier and her government for all their hard work has allowed for us to make this important announcement today,” Mr Choi said.

“SMC has consistently said the key to making today’s announcement was working out logistics around port access and access to the road network, and thanks to the leadership of the Premier, those issues have now been resolved.

“This announcement is great news for Townsville and also the greater Townsville region as we expect the expansion will have a significant economic impact upon the regional economy each year.”

Ms Palaszczuk was in Townsville today to make the announcement alongside Sun Metals chief financial officer Kathy Danaher.

“This is a huge day for Townsville and the surrounding region because the expansion is expected to support an estimated 350 jobs during construction, and there will be around 100 additional permanent refinery and logistic workers once operational,” she said.

“Zinc production will increase from around 220,000 to 270,000 tonnes per year which is great news for North Queensland and for Sun Metals Corporation, and it contributes to my Government’s priorities which include creating jobs in a strong economy.”

The expansion will take SMC’s total new investments in Townsville for the last few years to more  than $500 million, following on from the commissioning of a $200 million 125MW solar farm.

“In the beginning of 2018, all of us at Sun Metals together redefined our mission as a company,” M. Choi said.

“Sun Metals’ mission is to become (1) the safest, (2) the most environmentally responsible and (3) the most competitive zinc refinery in the world.  This expansion is a giant step in our relentless pursuit of this mission.  I am extremely proud and grateful of everyone at Sun Metals, without whom none of this would be possible.”

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