$7bn Alpha coal mine pushes forward
Gina Rinehart's $6.9 billion Alpha coal mine project in central Queensland has been granted approval from the federal government.
Environment minister Tony Burke approved the multibillion GVK-Hancock Coal development last week (August 23), with the project presenting significant growth for the sunshine state.
State deputy premier Jeff Seeney said the project would bolster the state's economy, with $1 billion to be injected into it each year.
With thousands of jobs to be created by the project, those in the residential property market may be attracted in the development, with house prices likely to soar as a knock-on effect.
"The Galilee Basin generally is a huge resource for the people of Queensland for generations to come," Mr Seeney explained, ABC reported.
But, the deputy premier urged the federal government to accelerate other key projects earmarked for the state to maximise its growth and resource sector development - such as Rio Tinto's $1.5 billion South of Embley mine in Cape York.
"This is about the Queensland economy and its growth with significant flow on effects to the national economy," Mr Seeney commented.
"We're streamlining our approvals processes in Queensland so that decisions on major projects are made quicker and we hope the federal government sees the sense in doing the same thing."