MANAGEMENT

Coal and mining investment in Central Queensland grows 33%

The $19.9 billion was a 33% increase over the previous corresponding period.

Queensland's coal and mining sector supported 117,812 jobs and added close to $19.9 billion to the Mackay and Coalfields’ economy over the past financial year.

Queensland's coal and mining sector supported 117,812 jobs and added close to $19.9 billion to the Mackay and Coalfields’ economy over the past financial year.

QRC CEO Ian Macfarlane said the $19.9 billion was a 33% increase over the previous corresponding period while indirect full-time jobs had increased 33.4% to 104,347 across the electorates of Burdekin, Gregory, Mackay, Mirani and Whitsunday.

Macfarlane said the latest data showed the enormous importance of coal mining to job security and the economy in Central Queensland.

"The total number of statewide jobs supported by resources has reached 420,000-plus, with data showing an extra 50,000 jobs have been added across the sector in 2019-20," he said.

"Resources also contributed a record $82.6 billion to the state economy in the same period, which is up $5 billion on the year before."

In the Burdekin, Gregory, Mackay, Mirani and Whitsunday electorates, the resources sector has also supported almost 3000 businesses and spent $7.4 billion purchasing local goods and services in the past financial year.

The top 10 Queensland electorates ranked in order of economic contribution to the state economy in 2019-20 are McConnel, Mackay, Burdekin, Gladstone, Gregory, Whitsunday, Clayfield, Cooper, Mirani and South Brisbane.

Macfarlane said the data showed one in every five dollars and one in six jobs in Queensland were associated with the resources industry, highlighting the significance of the sector to every single Queenslander.

"Statewide, 52,676 people are now directly employed by our mining, gas and energy companies and a further 367,493 jobs are supported by the resources sector, which demonstrates the substantial flow-on benefits to the wider community," he said.

"Jobs are more important than ever as Queensland businesses continue to battle the headwinds of COVID-19."

 

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production