The battle for control of global giant Korea Zinc is being felt thousands of kilometres away in North Queensland where leaders are raising concern for the future of local jobs and renewable energy projects.
Sun Metals Zinc Refinery is one the largest private employers in Townsville .A hostile takeover bid for global giant Korea Zinc is prompting fears for its zinc and renewable energy projects in Australia, including in Townsville .
The battle between two founding families of Korea Zinc is being felt in Townsville, where its Australian subsidiaries Sun Metals and Ark Energy, have a solar farm and zinc refinery, and a green hydrogen project. Mr Choi said Ark Energy's green hydrogen project in North Queensland was targeted to start producing by 2030, while there were also longer-term wind, solar and hydrogen projects down the east coast of Australia.ABC North Qld: Georgia LoneyIts solar farm, next to to the Townsville zinc refinery, was already helping in the shift towards renewable energy, he said.Michael Choi has been raising his concerns about the takeover bid with Queensland senator Nita Green.
"There is definitely an implication for Australia in that Korea Zinc's Australian business Sun Metals has been a major investor in renewable energy and green hydrogen.
Hydrogen Young Poong Townsville Sun Metals Ark Energy Korea Zinc Takeover Zinc Refinery Workers Renewable Energy Workers MBK
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