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Answered Same DayAug 19, 2021MIS202Deakin University

Answer To: Have attached the files

Taruna answered on Aug 20 2021
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JUSTIFICATION REPORT
Introduction
    Energy and sustainability options are expanding rapidly in a globalized world. In fact, conventional norms of generating energy products—and coal mining are one of them—are still in trend. Black Coal Mining strives to seek more and more opportunities in coal min
ing business by searching new lands with a view to ensure that coal mining is taken up to a whole new level (Billiton Mitsubishi Alliance, 2020). In this context, the recently launched project for Queensland mining, a kind of business expansion for the company, will be fruitful from economic, social and environmental point of view. For economical growth, the project will serve as the platform for generating more employment options in the local region, social alleviation will be driven from financial stability given to employed people as well as the environmental norms, towards which the company is always dedicated, will be perceived as highly prioritized parameters to increase vegetation around the mining fields (Billiton Mitsubishi Alliance, 2020).
Economical Justification of the Project
    At first, it is significant to note here that Australia is world’s largest coal supplier and two third of this supply comes from Queensland region only (DME, 2007). As per the company norms, the justification of the project lies in the fact that by taking up this new venture, the company will be able to work on its long term goals of increasing exports to the nations like China and India where coal based energy productions are high. It will add to existing coal based revenue generation of Australia which is $10 billion at present (Swann & Ogge, 2016). It will help in creating an environment of foreign trade and commerce which will be wide and liberal. The coal productions at Queensland site will enable the organization to expand its exporting options and it will strengthen the financial assets of the company in the local markets as well (Swann & Ogge, 2016).
    Additionally, the coal mining project will help in generating more alternatives to employment to local people. If seen from historical point of view, mining construction boomed the employment ratio in its south east regions in the first decade of 21st century; the government took the initiative of increasing its coal mining production and it simply generated employment for the local people (Swann & Ogge, 2016). In fact, mining comes with several other infrastructure development options. Several dimensions of business and other employments open up automatically with mining industry. Even in the mining project itself, there is a huge requirement of trained workforce of all kinds where they are technical professionals, field managers or the labors working in the mines. In other words, mining will help in generating more employment ratio like it has done the same in the past (Swann & Ogge, 2016).
    It is also noteworthy here that mining is capital intensive kind of industry; in Queensland only, 7% of overall jobs are related to mining works. It...
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