NQ mine aims to strike gold for 2032 Games

·1-min read

A north Queensland mine that opened almost three decades before the first modern Olympics is hoping to supply the gold for Brisbane's 2032 games.

The historic Ravenswood site located 130km outside Townsville has expressed interest in providing gold for medals, registering as one of 2300 businesses who have already put their hands up to be suppliers for the Games.

The tiny town of Ravenswood only has an official population of about 250 people but the mine boasts 400 full-time employees.

The mine has produced millions of ounces of gold since it first opened in 1868.

Owned by Ravenswood Gold - a private company comprised of EMR Capital and Golden Energy and Resources - the mine is set to become the state's largest gold producer by 2022.

But it hopes to have another claim to fame by 2032 after Queensland Deputy Premier Steven Miles confirmed on Wednesday the mine had registered as a Games supplier.

"In 2032, wouldn't it be wonderful to see a Queensland athlete standing on the podium in Queensland with a Queensland-made gold medal around their neck?" Mr Miles told state parliament.

The Queensland government approved the mine's expansion in 2020, increasing its production to 180,000-210,000 ounces of gold per year.

Mr Miles hoped the mine would be one of many Queensland businesses to benefit from the 2032 Games, with initial modelling forecasting almost 92,000 jobs will be created and $8 billion added to the local economy by the Olympics and Paralympics.

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