Burton mine complex reopens signalling boost to QLD economy

Bowen Coking Coal’s (ASX: BCB) Burton Mine Complex in the Bowen Basin region of QLD, Australia, has officially reopened, providing a much-needed boost to the local economy and job market.

The site primarily produces steelmaking coal for export and has several unmined coal deposits, including the Broadmeadow East mine.

It is expected to produce up to 4.5 million tonnes of mainly steelmaking coal every year when it reaches full capacity.

The reopening of the Burton Mine Complex is a sign of strong confidence in Queensland’s resources sector, including the state’s large deposits of high-quality steelmaking coal. Bowen Coking Coal’s investment in the project demonstrates their commitment to the region’s economic future, highlighting the potential for continued growth and development in Central Queensland’s resources sector.

Bowen Coking Coal has invested significantly in the region by refurbishing the coal handling facility and the 350-bed workers’ camp, providing valuable support to the local community. Resources Minister Scott Stewart congratulated Bowen Coking Coal for their continued investment in the project, noting that Queensland has high-quality resources, a skilled workforce, and world-class infrastructure, but it takes investors to turn these into jobs and business opportunities in regional communities.

The reopening of the Burton Mine Complex is a significant step forward for the Bowen Basin region and Queensland’s coal industry.

The mine’s contribution to the local economy and job market cannot be understated, and its reopening is a positive sign for the region’s economic future.

While the recent increase in royalties has caused concern for the industry, the reopening of the Burton Mine Complex is a positive reminder that the region’s resilience and determination will ensure it continues to thrive.

The Queensland Government must work closely with businesses like Bowen Coking Coal to foster a stable and supportive investment environment, helping to secure the future of the Bowen Basin and the wider Queensland economy.