Posted September 18, 2018 05:11:36 The first gravel mining project to open on Queensland’s Gold Coast is opening this week, as part of a series of “unbound” projects designed to boost the region’s economy.
The $1.5 billion GravelMine project, to be built on an abandoned gravel mine site, will be the world’s largest unbound gravel mine.
“I think the project has been in the works for a long time,” GravelCoal CEO Steve Broughton said.
“This is a first step, it is a big step forward.
It is a very ambitious project.”
The Gravelmine project will be Australia’s largest mine unbound.
It will also be the first mine in Queensland to be constructed without any existing mines or coal seams.
“It will be a world-class mine, with no existing mines and no coal seams,” Mr Broughtons said.
GravelCoin, a company based in Sydney, will own the site.
Graffle Mining Co. is the lead contractor.
It started digging on the site in 2014 and has since developed plans to dig out the site and build the mine.
Graffiti on the side of the mine indicates it is being used for the Gravelcoin mine.
Mr Boughtons said it was the first time gravel mining had been done without existing mines.
“The mining community has been waiting for it for quite a while,” he said.
The project will employ thousands of workers, and will be one of the largest gravel mines in Australia.
GrafCoal and Gravel Mining Co are both based in Brisbane.
“A lot of people who are interested in gravel mining are people who have been mining on sites for a while now, so it’s exciting to see the GrafCoin project coming on line,” Mr Ahern said.
He said it would also boost the economy in the Gold Coast, as the town was already home to a major steel mill.
“Gravel mining is an area that is very reliant on tourism,” he added.
“That will make the town more attractive.”