QLD – The Next Economy

Launching the Mount Isa Future Ready Economy Roadmap

The Next Economy, together with Mount Isa City Council and Climate-KIC Australia, is proud to launch the Mount Isa Future Ready Economy Roadmap.

Mount Isa, like many other industrial regions, is at the crossroads of major economic change. The region has a rich asset base, including the North West Minerals Province, but faces the imminent closure of the Mount Isa Mine’s underground copper mine operations and copper concentrator.

This closure will impact approximately 1,200 workers from mid-2025 and the future of the local copper industry, a change that needs to be managed alongside increasing demand for critical minerals, affordable and reliable energy generation and storage options, and innovative logistics solutions. Global trade uncertainty and climate impacts further complicate this picture.

Whether Mount Isa successfully navigates these changes will be critical to the success of Australia’s net zero ambitions, and global decarbonisation goals.

The Mount Isa Future Ready Economy Roadmap provides a clear and ambitious vision for the future of Mount Isa against this backdrop of regional change, global uncertainty, and new opportunities.

In this future, Mount Isa thrives. The regional economy enables Australia’s net zero transformation, contributing to the next generation of clean energy and critical minerals exports and processing . Local industry and the community lead innovative solutions to long-standing and emerging challenges, benefiting from a focus on circular economy approaches, decarbonisation, environmental sustainability and regeneration, and social wellbeing.

This vision is underpinned by the application of the Future Ready Economy Framework. This Framework has been designed by The Next Economy and Climate-KIC to assist decision-makers in regions like Mount Isa to assess economic opportunities against six key dimensions of positive and resilient development.

Along with regional stakeholder engagements and expert input, the Framework has informed the development of future ready development pathways, strategies and potential actions for Mount Isa’s five key economic sectors—energy, mining, transport, agriculture and tourism—and the foundations of a thriving community.

By adopting a future ready lens to regional economic development, Mount Isa is ensuring that today’s planning and investment decisions position the region for long-term success.

With the right planning and investment from key partners, including the Queensland Government and Australian Government, and industry, Mount Isa can pursue these pathways and become a global player in a decarbonising world.

To find out more, download the Mount Isa Future Ready Economy Roadmap.

*Mount Isa has a proud history of innovation and mining excellence which can continue to thrive with the right investment and collaboration between industry, government and the community.* Photo: Chris Grose.

Mount Isa launches economic roadmap to create jobs, secure future

[Press Release from Mount Isa City Council, shared with permission here]

Mount Isa, North West Queensland: Mount Isa City Council has launched the Mount Isa Future Ready Economy Roadmap, a bold new economic vision to transform and diversify the local economy while delivering immediate jobs and long-term benefits for its residents.

Despite a rich asset base, including the North West Minerals Provinces’ $680-billion in known in-ground resources, many of which are key for Australia’s clean energy and future-technology capabilities, Mount Isa faces significant challenges due to its remoteness and dependence on a major employer.

Up to 1,200 jobs losses loom as Glencore winds down underground copper operations at Mount Isa Mines from mid-2025. As one of the city’s largest employers, this threatens a sharp decline in the city’s current 19,000-strong population and its ability to remain the service centre for the North West.

The Mount Isa Future Ready Economy Roadmap presents 28 pathways and nearly 400 potential actions for local stakeholders, industry, government and community to strengthen and diversify the economy across energy, mining and minerals, transport, agriculture, and tourism.

Developed by Council with The Next Economy and Climate-KIC Australia, and with input from more than 100 industry, business, government and community contributors, the Roadmap also focuses on ways to support decarbonisation, climate adaptation, circular design, regenerative practices, and community well-being.

Key elements of the Roadmap include:

Supplying critical and strategic minerals the world needs to decarbonise, leveraging Mount Isa’s mining expertise and its gateway position to the North-West Minerals Province, rich in cobalt, graphite, vanadium, rare earth elements and important metals such as copper. Noting, retention of workforce capability and current industry assets is foundational to new industry development.
Producing and storing affordable, reliable renewable energy, particularly in innovative ways, with Council already working with Green Gravity and Glencore to explore repurposing legacy mining assets for gravitational energy storage systems.
Ensuring the timely completion of CopperString 2032 to connect Mount Isa to the national energy grid, unlocking opportunities for renewables, to decarbonise industries, and expand critical minerals mining and processing and other industries.
Improving transport and logistics infrastructure as a key enabler for industry and liveability, also to mitigate risks from extreme weather events like the recent floods. This includes common-user rail infrastructure, road upgrades, and innovative solutions such as airship freight which is already being explored.
Future-proofing and growing tourism and agriculture industries, with actions to build the resilience of local beef grazing operations as well as local multi-day tourism adventures to explore the region’s unique landscape and culture.
Improving social services and community infrastructure, including much-needed childcare facilities, affordable housing and specialist healthcare for residents and as the main service centre for the North West.

The Roadmap showcases Council’s existing commitment to economic development, such as the establishment of The Australian Critical Minerals Industrial Precinct, the Critical Minerals and Rare Earth Elements Research Centre with UQ, and a battery anode material facility for graphite production.

However, Mount Isa can’t do it alone. Council is calling on the Queensland and Australian governments to back Mount Isa’s future – and its significant contribution to the economy as Australia decarbonises – with multi-billion-dollar investment and tailored coordination and support.

Peta MacRae, Mount Isa Mayor, said: “The pending closure of Glencore’s underground operations is a huge loss for Mount Isa, but when one door closes, many more are opening to protect our workforce and build the industries, infrastructure and services we need for the future.

“We have a strong economic vision and plan. Council is already working with partners to unlock opportunities in new technologies and services. However, bold assistance from the state and federal governments is needed for Mount Isa to remain a great place to live, work and do business.”

Tim Rose, Mount Isa City Council CEO, said: “Mount Isa is very rich in critical minerals and rare earths, yet we face challenges with remoteness and huge costs for power and transport. It’s time to embrace new technologies to generate low-cost and clean power so our mining sector keeps running and we can keep the lights on in our communities.”

“With global uncertainty and the challenging nature of mining, Mount Isa offers an ideal location to de-risk and unlock the critical and rare earth minerals the world needs to decarbonise while adding value to our region. With the right investment and support, we can unlock further investment and keep punching above our weight for the national economy.”

Liz Webb, The Next Economy COO and project lead, said: “Business-as-usual economic development is no longer enough for historic mining regions like Mount Isa, grappling with major industrial upheaval taking a heavy toll on local workforces and economies.

“The Roadmap is the exact sort of initiative the Future Made in Australia bill is designed to support. New industry development is complex and takes time. Mount Isa is ready for this challenge, and will be successful with the right coordination, support and investment.

“The Roadmap showcases Mount Isa’s commitment to tackling urgent challenges in ways that secure long-term success. With a proud community, industry collaboration, and renowned innovation, Mount Isa is poised for a future ready economy that requires a new era of collaboration and investment from industry and government.”

Jason Nielsen, Climate-KIC Australia Director Strategic Projects and project lead, said: “A prosperous and sustainable future for Mount Isa depends on collaboration and coordination between companies, government, and the community. The speed and complexity of economic and social change make siloed efforts ineffective.

“It is critical that stakeholders see the interconnected and systemic nature of the problems and opportunities ahead, such as infrastructure development and workforce attraction and retention, and develop new ways of working together towards common goals. The Future Economy Roadmap is one of several important local initiatives to support and guide this process.”

Mount Isa’s Future Ready Economy Roadmap is available via Council’s website mountisa.qld.gov.au.

Mount Isa’s Future Ready Economy Roadmap: A stronger, more resilient future

Mount Isa in Queensland’s Gulf Country region is preparing for a critical decade with the development of its Future Ready Economy Roadmap.

Mount Isa is preparing for a critical decade with the development of its Future Ready Economy Roadmap. Stakeholders across government, industry, and the community have already contributed to shaping this crucial work, highlighting its significance to the region’s future. The Roadmap, set for release in February 2025, will outline simple and practical steps to diversify and decarbonise the local economy, build resilience, and improve social wellbeing.

The Roadmap is an initiative between the Mount Isa City Council, who commissioned and funded the project, and The Next Economy with support from Climate-KIC.

Mount Isa Mayor Peta MacRae said: “This initiative unites the voices of the community, industry, and government to create a strategy that addresses current challenges as well as harnesses new opportunities. As Mount Isa looks ahead, the Roadmap will serve as a vital guide, ensuring the region remains a vibrant, resilient place to live and work for years to come.”

A region facing increasing challenges and emerging opportunities

Climate-KIC’s Jason Nielsen with The Next Economy’s Reanna Willis and Kate Donnelly enjoying a Mount Isa sunset in-between workshops earlier this year.

Reanna Willis, senior project officer at The Next Economy, said: “Mount Isa is facing growing challenges, from mass job losses to regional connectivity to access to childcare and health services. It’s a critical time for the region to be exploring how to strengthen and diversify the region’s economy in ways that work for the community into the future.

“The people of Mount Isa get it. They know that, if this change is managed well, there will be more opportunities to improve the liveability, attractiveness and viability here. The region is well-positioned to capitalise on emerging opportunities including in critical minerals and renewables as well as strengthen existing industries like tourism. Realising this vision will require significant coordination, collaboration and strong investment from industry, government and the community.”

Council’s efforts towards economic diversification

Mount Isa City Council discuss priority areas where support is needed to build a stronger, more resilient future at a The Next Economy workshop in October 2024.

Mount Isa City Council is already taking proactive measures to drive economic diversification. Through detailed economic analysis, the Council has identified 60 stimulus projects designed to retain skilled workers and strengthen the local economy.

In October, in an Australian first, Council signed a memorandum of understanding with French-Canadian aeronautic company FLYING WHALES to establish a base for large capacity airships to transport heavy or bulky loads such as wind turbine parts. A technical feasibility study and business case is underway. (Read more in this ABC article)

Another notable initiative is the development of a Materials Recovery Facility (MRF), supported by $6.06 million from the Federal Government’s Building Better Regions Fund. Expected to be operational by 2025, the MRF will establish Mount Isa as a recycling hub for the North West.

Engaging with the community

A series of workshops with stakeholders across government, industry and community in 2024 will help shape the Roadmap.

In September, The Next Economy held a series of meetings to gather feedback from First Nations people and community service organisations, ensuring the Roadmap reflects the needs and aspirations of the entire community. The Next Economy hosted a further workshop in October with Council to develop pathways to attracting the right attention and support behind local opportunities and priorities.

Michelle Paulsen, Remote Operations Manager at Centacare North Queensland, was among those who participated in a series of community workshops earlier this year. She highlighted the importance of staying informed about the local economy’s changes and their impact on the community:

“From emergency relief to supporting families and children, the demand for Centacare’s services is being affected by changes in the local economy and resources industry. Staying informed, sharing what we are witnessing on the ground, and engaging in new ideas helps us better support Mount Isa families and individuals in need.

“The workshops were a valuable opportunity to contribute to Mount Isa’s growth and future. Expanding my understanding of circular economy opportunities has given me greater insight into new areas of economic growth. I encourage anyone who cares about Mount Isa’s future and wants to support our local community to get involved.”

Get in touch to find out more about the initiative

Welcome funding for CQ, SA critical minerals projects

Media Statement, 17 April 2024

In response to the Federal Government’s critical minerals project funding announcement, including a welcome $400 million in new loans for Alpha HPA’s high-purity alumina processing facility in Gladstone, The Next Economy CEO Amanda Cahill said:

“This is a good example of the role we need government to play if we are to unlock private investment and support regional communities to manage this massive transformation. It is this kind of support that helps Gladstone to attract new investment under the region’s 10-year Economic Roadmap, showing just what’s possible if communities, governments and industries come together to meaningfully address change.

“Australia is blessed with abundant resources, but this can be a curse if development is not done well with boom-and-bust cycles contributing to a range of challenges such as exacerbating housing and workforce shortages. We need a new, holistic approach to regional development so that profits are shared equitably, the rights of First Nations people are respected, and environmental impacts are avoided. For example, in some places companies are looking at how they can reduce the need for new extractive projects by adopting circular economy approaches, such as the mining of existing tailings.”

Read more about Gladstone’s 10-year Economic Roadmap, developed in partnership with The Next Economy.

For interviews, contact 0415 833 948.

Gladstone’s 10-year Economic Transition Roadmap

Gladstone Regional Council launched its 10-year economic transition roadmap to support and guide Queensland’s industrial capital to becoming a renewable energy superpower in 2022.

The roadmap sees the region in prime position to respond to once-in-a-generation changes in the energy sector.

The Next Economy collaborated with Gladstone Regional Council to develop the detailed roadmap, which is the result of two years of research and extensive engagement involving 220 community, government and industry stakeholders. This included industry representatives, First Nations people, energy workers, environment groups and education and training institutions.

The Gladstone Region Economic Transition Roadmap guides Council on what is required to adapt to a rapidly changing energy sector and support a positive economic transition for its community over the next 10 years. Key themes of the roadmap include:

Energy security and affordability
Establishing a viable hydrogen industry
Diversifying the economy
Supporting and developing the local workforce
Capturing the community benefits
Protecting land and water resources.

Download Report

Download Summary

Energising the Future Economy of the Gladstone Region

Have your say in online survey about ‘Energising the Future Economy of the Gladstone Region’.

Locals across the Gladstone Region are invited to participate in an online survey to share their thoughts on the future changes to the energy sector and how the region can take advantage of emerging changes to generate new economic opportunities.

The survey content has been generated following a series of in-depth community and industry forums involving people from across the region.

Acting Gladstone Region Mayor Kahn Goodluck says Council would like to know if other residents share these views.

“Council recognises that the unfolding changes in the energy sector pose both challenges and opportunities for the Gladstone Region and people working in industry,” Councillor Goodluck said.

“This online survey is part of our joint initiative with The Next Economy – Energising the Gladstone Region Future Economy.

“Feedback from community, government, industry and other stakeholder groups will guide us on what is required to adapt to a changing energy sector and to support our region over the next 10 years.”

Full media release below:

Media Release Download

Transforming Queensland: The Case for a Transition Authority

The Queensland economy is being transformed as the world embraces the challenge to phase out fossil fuels and rapidly expand renewable energy generation in pursuit of net zero emissions goals. As one of the world’s biggest exporters of coal and gas, and with an ongoing reliance on coal fired electricity generation, these changes pose huge risks to the Queensland economy. They also present us with massive economic opportunities, given the state’s abundance of solar, wind and mineral resources.

The experiences of other regions and countries demonstrates that change can be managed well, but it requires a high degree of leadership, resourcing and coordination from government. Transition authorities have proven a successful vehicle to support governments in this task by bringing together stakeholders from across government, industry and the community to plan and coordinate efforts to proactively manage the phase out of fossil fuels and expansion of renewable energy.

Download

Queensland Government Energy Transition Roadshow

We worked with the Queensland government’s Just Transitions Group to develop transition related policies and programs, including the Energy Transition Roadshow (in Rockhampton, Gladstone, Townsville and Cairns) funded by the Queensland Government in 2019/20. The TNE team brought together all levels of government, industry, unions, universities, environment and community groups together to explore how the energy transition was impacting on regions and how it could generate new economic opportunities.

Stanwell Energy Corporation strategic advice

We worked with Stanwell in the development of their corporate strategy, which has led to the company not only integrating transition planning into their five-year strategy but has also led to the development of a workforce and community engagement plan to enable the company to start talking about the inevitability of transition out of coal.

Energy transition community forum

In the wake of the 2019 Federal Election, TNE was able to share the findings of previous transition strategy workshops undertaken in the Hunter Valley and Queensland to challenge the divisive rhetoric that all of regional Australia (especially Queensland) was actively opposed to and in denial of the energy transition. The results from the workshops were used in a widely-shared Guardian artic le written by CEO Amanda Cahill, that showed that many people were starting to accept that the transition is inevitable, and that there were a number of economic challenges across regional Australia that was exacerbating fear, uncertainty and division.

This article caught the attention of the Deputy Premier of Queensland, who was concerned about the growing division across the State. At the invitation of the Deputy Premier, Amanda participated in a community forum, where she challenged the government’s view that they should avoid talking about transition. Subsequent meetings led to Amanda convincing the State Government to fund the Energy Transitions Roadshow.

Central Queensland Energy Futures Summit

By Dr Emma Whittlesea

The Central Queensland Energy Futures Summit was a gathering of over 140 stakeholders, in Gladstone in April 2021, representing local and state government, energy companies and regulators, industrial sectors, unions, education and training institutions, Traditional Owners and environmental groups.

Amanda Cahill speaks at the Energy Future Summit — Amanda Cahill speaks at the summit

The Summit was hosted by The Next Economy and would not have been possible without the generous support of the sponsors Stanwell, CleanCo, Australian Conservation Foundation (ACF), CQUniversity and the Clean Energy Finance Corporation (CEFC).

This report by The Next Economy summarises the activities over the two days and the key messages that came out of audience participation.

Download the report

What Queensland Wants Report

Regional Perspectives on Building a Stronger Economy

By Dr Amanda Cahill

As the COVID pandemic hit, The Next Economy compiled the many economic stimulus ideas we’d collected from across Queensland into a report called “What Queensland Wants”. The report was well received by the State government, with a number of the recommendations being adopted as election promises.

The report also generated extensive media and public interest when it was released, garnering more than 62 media mentions, articles syndicated across 19 regional News Limited publications, 5 radio interviews and a regional television interview. The media attention in turn generated further interest from state and federal MPs.

Download the report

Training

The Next Economy has trained over 300 people working in environment, climate and social service organisations on how to work effectively with regional communities. This has included members of:

Climate Action Network Australia
Engineers Declare Network
Australian Conservation Foundation
Australian Red Cross
Brotherhood of St Lawrence
Hunter Renewal partners

MIW Reef Resilience Project

In recognition of the importance of the food and agriculture sector and its impact on the resilience of Queensland’s iconic Great Barrier Reef, Sustainable Table (funded by the Morris Family Foundation) commissioned The Next Economy to undertake the Mackay-Isaac-Whitsunday Reef Resilience Project. The project has three broad objectives, which are to:

Provide a deeper understanding of current challenges and enablers for the food, agriculture and land use transition in the Mackay-Isaac-Whitsunday region;
Establish a range of priorities to inform the Sustainable Table Fund (formerly Ripe for Change); and
Identify broader investment opportunities.

TNE MIW Reef Resilience Report_010721 Download the report