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CopperString

Aug 11, 2020
Webinar provides update on CopperString  potential

Webinar provides update on CopperString potential

Townsville Enterprise will host a live CopperString webinar next week to focus on the growth potential from the planned $1.5 billion transmission project. Connecting to the National Electricity Market is expected to lower power prices paid by miners and other customers in the North West Minerals Province by at least 40 per cent Proponents say this has… ...

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Aug 10, 2020
Projects roadmap to ‘unlock the North’ and create jobs

Projects roadmap to ‘unlock the North’ and create jobs

Peak NQ economic development group Townsville Enterprise has launched a roadmap to ‘unlock the North’, listing key local projects to help power the nation’s economic recovery. The Unlock the North: Townsville North Queensland Projects and Policies document was developed with TaskforceNQ and the regional councils of Townsville, Burdekin, Charters Towers, Hinchinbrook, and Pal...

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Aug 04, 2020
CopperString beats other key projects on cost-benefit scale

CopperString beats other key projects on cost-benefit scale

Every $1 invested in the CopperString 2.0 power transmission project is forecast to deliver $4.54 in benefits for Australia, economic analysis shows. Director of project proponent CuString, Joseph O’Brien, said ACIL Allen had recently completed economic modelling estimating the planned transmission line’s Benefit Cost Ratio (BCR) to be 4.54. “The significance of this analysis is… ...

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Jul 15, 2020
CopperString study highlights jobs bonanza

CopperString study highlights jobs bonanza

Developing the CopperString 2.0 transmission project would power an additional 3560 jobs in North and North-West Queensland in the next 30 years, a new report shows. The report, “Re-powering the Townsville & North West Minerals Province Industrial Economy”, also finds that Queensland’s aggregate Gross State Product would increase by $139 billion with the project up… ...

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May 19, 2020
CopperString spark-up in State’s COVID-19 strategy

CopperString spark-up in State’s COVID-19 strategy

A $14.8 million injection to nudge the CopperString 2.0 power project towards lift-off is among a package of COVID-19 fightback measures the State Government announced today. The $1.5 billion scheme will connect the North West Minerals Province with the national electricity grid with the construction of more than 1000km of transmission infrastructure between Woodstock and… ...

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May 05, 2020
Mica Creek power plant to be mothballed from next year

Mica Creek power plant to be mothballed from next year

Mount Isa’s Mica Creek Power Station will be placed into ‘cold storage’ at the end of this year, owner Stanwell Corporation says. Mica Creek Power Station manager Paul Smith said the plant would have required a costly life-extending overhaul in order to supply energy to customers beyond 2020. News the plant will be mothballed highlights… ...

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Dec 05, 2019
CopperString power plan  attracts major investor

CopperString power plan attracts major investor

The proponents of the $1.5 billion CopperString 2.0 project have entered into a development partnership with infrastructure fund manager DIF Capital Partners. CuString said the agreement provided significant development funding and long-term capital investment for the project. “We’re very excited to have entered into this agreement with DIF. DIF’s involvement in CopperString 2.0 reflec...

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Nov 16, 2019
CopperString highlights power plight

CopperString highlights power plight

High electricity prices are robbing North West Queensland of new investment despite its enormous mineral wealth, the proponent of the $1.5 billion CopperString transmission project warns. CopperString 2.0 founder and executive chairman John O’Brien was commenting in the lead-up to next week’s Queensland Cabinet visit to Mount Isa. He said industrial electricity prices in the… ...

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Sep 04, 2019
CopperString power project moves to EIS phase

CopperString power project moves to EIS phase

The proposed $1.5 billion CopperString project continues to push ahead, with the release of final terms of reference for the project’s environmental impact statement (EIS). It comes after the The State Government last week pledged $1.18 million for the CopperString 2.0 power project as part of a North West Queensland Economic Diversification Strategy The project proponent… ...

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