High commodity prices drive investment in NWMP
A new copper mine and key enabler projects are edging closer to construction as high commodity prices drive investment in Queensland’s North West Minerals Province. Grand Central Industries’ government-supported Inland Port Project is rapidly approaching financial close and is forecast to commence construction in Q4 2021. The critical 333ha project will significantly debottleneck about $13b of pre-existing Queensland government-owned rail and port infrastructure—the Mt Isa Railway and Port of Townsville. Located 7km east of Cloncurry, the project is expected to have a material economic, commercial and environmental impact to the collective benefit of all stakeholders across the supply chain. Grand Central Industries CEO Josip Obajdin said the project provided for an essential, catalytic platform to enable the region’s further economic…