Australian mining to power 2032 Olympics
The Queensland Government is setting a major projects pipeline for the state’s mining industry in preparation for the Brisbane 2032 Olympic and Paralympic Games.
In a delivery plan for the event, the Queensland Government outlined a $7.1b infrastructure program that includes the construction of new Olympic venues and enhancing transport networks across regional and southeast Queensland as well as expanding essential energy infrastructure.
The most notable project is the construction of a new 63,000-seat stadium to be built in Brisbane’s Victoria Park, a feat that will require an estimate 15,000t of steel.
The upgrade and construction of transport projects will require significant quantities of steel, aluminium and copper. Various other minerals and metals that are essential for the development of energy infrastructure will also be in high demand.
As Australia’s most metallurgical coal rich state, Queensland’s resource sector is well positioned to provide the required resources for the construction of these projects.
Queensland Resources Council chief executive Janette Hewson says the projects present a huge opportunity for the state and the resource industry will play a pivotal role.
“In FY24, resources made an economic contribution worth $120.2b to the Queensland economy, generated 63,730 jobs and paid $12.8b in royalties,” she said.
“The construction and supply chains required for major projects will see our sector contribute to another significant legacy.
“It is expected that 30,000t of steelmaking coal is needed for the new stadium and Queensland is home to the highest quality grade metallurgical coal in the world.
“Of significance to the state is the established supply expertise and resources needed to power, manufacture and build venues to ensure we are ready for the major projects pipeline.”
The 2032 Olympics and Paralympics are anticipated to deliver more than $8.5b in direct economic benefits across country as well as significantly boost investment and tourism to the state.