General News
20 October, 2022
New life to historic FNQ mine
AUSTRALIA’S only primary tungsten producer, EQ Resources, is processing waste from a historic Far North Queensland mine to produce the critical mineral in increasing demand worldwide while creating jobs for the local community.
EQ Resources and its German-headquartered partner CRONIMET are using modern processing technology to produce tungsten concentrate from waste dumps at the historic Mt Carbine mine helping generate local jobs.
Resources Minister Scott Stewart visited the mine, 130 km north of Cairns, and said the transformation at Mt Carbine reflected one of the critical themes of the 30-year-plan for the resources industry: new opportunity for old mines.
“Changing technology and demand means some of our old mines could be given new life, creating jobs, which is happening at Mount Carbine,” Minister Stewart said.
“With CRONIMET, a global metals specialist, EQ Resources has refurbished, commissioned, and expanded the Mt Carbine processing plant to extract tungsten from the mine’s waste dump, which has effectively become a low-grade tungsten stockpile.
“The mine is now providing more than 60 secure jobs for locals, and with the joint venture’s plans to re-start hard rock mining, the project could create more than 100 jobs.”
The project incorporated the old tungsten mine and modernised and upgraded processing facilities using state-of-the-art ore-sorting technology.
Waste from this process is finding a new use as road base and aggregates. Waste from the re-processing also is sold for coastal protection projects and boat ramps on the nearby coast.
“We were delighted to show the Resources Minister the progress we have made in breathing new life into Mt Carbine. We have great support from local service companies and are excited about the prospects for accelerating this critical mineral development in FNQ,” EQ Resources CEO Mr Kevin MacNeill said.
Tungsten, also known as wolfram, is prized for its hardness, durability and resistance to corrosion. Its wide ranginguses include solar technology, wind turbine blades, drill bits and filaments for lighting.
The European Commission recognised tungsten in 2020 as having the highest economic importance of all raw materials in the European industrial system, and it is listed by the United States, Japan, India and Australia as a critical mineral.
