A dispute between mining heavyweight Glencore and private Queensland company QCoal has been sorted out in parliament.
Both QCoal and Glencore applied for mining leases over a tract of land between Glencore’s Newlands and Suttor Creek mines, near Glenden in the Bowen Basin.
Glencore’s mine currently employs 450 people and QCoal’s project forecasts it will create up to 100 construction jobs and up to 500 ongoing jobs at its Byerwen project once fully operational.
Glencore is seeking a mining lease to enable the transport of materials between its two existing mines, while the QCoal group is seeking the rights to the mineral resources beneath the transport corridor.
The amendments to the Land and Other Legislation Amendment Bill 2016 will grant Glencore’s transportation mining lease application until 31 December 2032, with no renewal.
This will allow the QCoal Group to begin mining activities as per the timeline in its mine plan.
The amendments allowed both projects to proceed, on the timelines that both companies indicated in their mine plans, Minister for State Development and Minister for Natural Resources and Mines Dr Anthony Lynham told Parliament.
“The following amendments are necessary and the sad result of the failure of two mining giants to be able to negotiate in good faith.”
The legislation also supported a national electronic conveyancing system that will make it faster and easier to buy and sell property in Queensland, by replacing Queensland’s settlement notice with a national version, said Dr Lynham.
“The change is part of a move by all states and territories towards a faster, efficient and more secure national electronic conveyancing system,” he said.