{"id":8091,"date":"2021-11-26T08:32:09","date_gmt":"2021-11-25T21:32:09","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=8091"},"modified":"2021-11-26T08:32:11","modified_gmt":"2021-11-25T21:32:11","slug":"vanadium-processing-plant-on-the-cards-for-queensland","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2021\/11\/26\/vanadium-processing-plant-on-the-cards-for-queensland\/","title":{"rendered":"Vanadium processing plant on the cards for Queensland"},"content":{"rendered":"\n

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\"vanadium\"\/
The site of the Saint Elmo vanadium mine in Central Queensland. Image: Multicom Resources<\/em><\/figcaption><\/figure>\n\n\n\n

The Queensland Government has recognised the importance of vanadium as a new economy mineral with plans for a processing plant in Townsville.<\/p>\n\n\n\n

The mineral is used in large-scale grid batteries<\/strong> called redox flow batteries. These batteries store the charge in liquid form, enabling larger capacities.<\/p>\n\n\n\n

Queensland Treasurer and Minister for Trade and Investment Cameron Dick said vanadium would play a significant part in the state\u2019s transition to clean energy.<\/p>\n\n\n\n

\u201cWe want regional Queensland to be a global leader when it comes to everything that\u2019s part of the renewable energy revolution,\u201d he said.<\/p>\n\n\n\n

\u201cAustralia has the world\u2019s third largest deposits of vanadium resources<\/strong>, but right now we don\u2019t produce a single kilogram of processed vanadium.<\/p>\n\n\n\n

\u201cThe mining companies looking to process vanadium at an industrial scale don\u2019t have the capital necessary to make that jump. That\u2019s where our government can step in.\u201d<\/p>\n\n\n\n

The government will put at least $10 million towards the common-user facility, sourced from the $520 million Invested in Queensland program.<\/p>\n\n\n\n

The Treasurer said it was still in the process of tendering for construction contracts and selecting the location.<\/p>\n\n\n\n

\u201cOnce producers can see for themselves how processing occurs, they will have the confidence to invest in more manufacturing infrastructure and more jobs,\u201d he said.<\/p>\n\n\n\n

\u201cMining companies will be able to transport ore from their mine site to Townsville, enabling them to begin producing mineral samples at scale.\u201d<\/p>\n\n\n\n

Earlier in 2021<\/a>, the mineral made headlines for Queensland\u2019s mining industry when Multicom Resources announced the go-ahead for the $250 million Saint Elmo vanadium mine, 250 kilometres east of Mount Isa.<\/p>\n\n\n\n

This mine and the new Townsville processing facility will ramp up concurrently, as both begin construction in 2022 with first production expected in 2023.<\/p>\n\n\n\n

Queensland Minister for Resources Scott Stewart said these developments were only the start of Queensland\u2019s vanadium industry.<\/p>\n\n\n\n

\u201cSaint Elmo is just the beginning, with other companies progressing other potential vanadium mines in what could become a world-class vanadium hub in the northwest, so having this processing facility in Townsville will ensure locals reap the benefits,\u201d Stewart said.<\/p>\n\n\n\n

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Queensland Government has recognised the importance of vanadium as a new economy mineral with plans for a processing plant in Townsville. The mineral is used in large-scale grid batteries called redox flow batteries. These batteries store the charge in liquid form, enabling larger capacities. Queensland Treasurer and Minister for Trade and Investment Cameron Dick … Continue reading “Vanadium processing plant on the cards for Queensland”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6,7,34],"tags":[],"class_list":["post-8091","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry","category-news","category-new-tech-new-product"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-26v","jetpack-related-posts":[{"id":8320,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/08\/01\/wa-powers-on-with-vanadium\/","url_meta":{"origin":8091,"position":0},"title":"WA powers on with vanadium","author":"yinghui","date":"August 1, 2023","format":false,"excerpt":"ALEXANDRA EASTWOOD Western Australia is set to see a renewable energy boost with Horizon Power\u2019s purchase of a vanadium redox flow battery. 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