The $5 billion project has been in development for about 10 years as a private venture by CuString, but will continue under a government-led model after the state government negotiated to acquire it.Resources Minister Scott Stewart said the announcement was a huge step for north Queensland."The best way forward for us as a government is to actually own 100 per cent of that project so that we can keep it in Queenslanders hands," Mr Stewart said. "This is about us now putting in the infrastructure."Reliable power to supply mining activitiesMr Stewart said CopperString 2.0 would deliver cheaper and more reliable power across north-west Queensland. "When I go and visit mines out in that area, they talk about this as one of their biggest inhibitors to expansion," he said."This will actually unlock the potential for new mines to come on, to get things moving because our critical minerals that lie in that north-west minerals province are absolutely what we need to develop our renewable energy plan."By unlocking that potential, it’s going to create thousands upon thousands of new jobs, and sustainable jobs well into the future."https://apple.news/AmdACqYfFRlukuhZTOpFnww
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Ann: Presentation - RIU Explorers Conference 2023, page-25
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