Natural gas provider, Senex Energy, has made a deal to supply New Century Resources with energy from the Diamantina Power Station in Mount Isa, generating the power needed to operate the Century Mine.
Queensland Premier, Annastacia Palaszczuk, said the resources industry continues to play a crucial role in the state’s economic recovery from COVID-19.
“Our commitment to ensure gas is available for Australian consumers is incredibly important,” Ms Palaszczuk said.
“It means businesses like New Century Resources can continue to run their day-to-day zinc mining operations, and also look to expand in the future because they are guaranteed supply from companies like Senex Energy.
“As a government, we see this cooperation as critical to ensuring operations can continue to support and create jobs in the future.”
Under the three-year deal beginning from the start of 2022, Senex will provide about 7PJ of natural gas to support New Century’s processing operations at a fixed price, in line with current market levels.
Queensland Resources Minister, Scott Stewart, said, “The Century Mine is a critical part of our North West Minerals Province and this new deal will help them continue their operations while supporting hundreds of jobs, which is an essential part of our economic recovery plan from COVID-19.
“The Palaszczuk Government has released more than 20,000km2 of land for tender exclusively for the domestic market, with 15 tenures granted.
“In 2018, Senex was awarded the first Australian market supply condition tenure, guaranteeing the gas they extract goes to the Australian market.
“As a government we know domestic gas is important for many parts of Queensland’s industry and it helps not only support but create hundreds of jobs.”