What is the Queensland Government's overall strategy to support Mount Isa?

The Mount Isa Transition Fund (MITF) structural adjustment package is just one approach that supports employment opportunities and encourages the economic revitalisation and community resilience of the Mount Isa region.

DSDI is committed to an ongoing role in overseeing projects to be funded in the implementation of the MICC’s economic transition strategy which align with the objectives of the MITF.

The broader transition for the Mount Isa community and economy will continue to be delivered in line with the North West Queensland Economic Diversification Strategy and the North West Queensland Regional Transformation Strategy 2024 ( 3.8 MB).

The North West Queensland (including the corridor to Townsville) Regional Transformation Strategy (RTS) aims to build on the unique strengths and advantages of the region to support its long-term transformation.

Harnessing the region’s world-class natural assets and agriculture industry, and emerging renewable energy industry, the strategy identifies key opportunities for jobs and investment growth in a low-emissions economy.

These include diversified, value-added agriculture, including First Nations-led opportunities, growth in solar and wind energy, additional minerals (including critical minerals) exploration, supply chain decarbonisation and tourism opportunities.

Some of these specifically harness opportunities associated with decarbonisation; others provide diversification opportunities as the region transitions over time from carbon-intensive industries.

The RTS sets-out specific priorities in relation to these industries to support their further development. It aims to ensure the North West Queensland region has a strong future in a low-carbon economy, with a resilient economy, sustainable industries and thriving communities.

These priorities build on the significant investment already underway in the region, including $5 billion to deliver CopperString 2032 project and over $129 million in 2024-25 under the Queensland Transport and Roads Investment Program. The RTS details the range of support currently available to the regions to support the transition. This includes $200 million under the Regional Economic Futures Fund to support specific regional transition and the $415.5 million Industry Partnership Program.

The Queensland Government will continue to consult and partner with communities in the region.