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The current Palaszczuk Government must rule out any change to the royalty rates applied to the Queensland resources industry or risk undermining 14,000 Queensland businesses and 315,000 Queensland jobs. The Queensland Resources Council and regional advocacy group the Resources Industry Network have warned the Palaszczuk Government that uncertainty about the rate of royalties applied to resource commodities such as coal was creating concern across the industry particularly the small business suppliers to resource companies.
A survey of Queensland resource companies has found an overwhelming majority of company chief executive officers believe their projects and the creation of thousands of jobs from those projects would be less likely to proceed if the Palaszczuk Government changes the rate of royalties. Queensland Resources Council Chief Executive Ian Macfarlane said when asked if royalty uncertainty affected the likelihood of Queensland projects proceeding, 77% of respondents agreed.
Mine worker and employer representatives have warned the Queensland Government that uncertainty about the royalty rates it applies to the resources sector is creating job uncertainty. Queensland Resources Council Chief Executive Ian Macfarlane and CFMEU Mining and Energy Division Queensland District President Stephen Smyth said the Queensland Government should rule out any increase in royalty rates applying to resource commodities, such as coal, metals and LNG, this week.
The Queensland Resources Council has welcomed the State Government’s decision to grant Resolute Mining nine new mining leases as part of a $150 million project to extend the life of its Ravenswood gold mine operations in north Queensland. QRC Chief Executive Ian Macfarlane said the announcement by Natural Resources, Mines and Energy Minister Dr Anthony Lynham would secure the 280 existing jobs and create another 100 construction jobs for the new mine, 150 kilometres south-west of Townsville.
The Palaszczuk Government would secure an extra $5 billion in coal royalties for all Queenslanders, from the Olive Downs mine near Moranbah in central Queensland it approved today, if it maintained royalty rates at current levels. Queensland Resources Council Chief Executive Ian Macfarlane said the approved Environmental Impact Statement (EIS) for Olive Downs metallurgical coal mine project would generate royalties over the 79-year life of mine worth $5.685 billion (or $1.117 billion at present value), in addition to creating 500 jobs in construction and 1000 jobs once the mine is operational.
Queensland’s resource sector companies are focused on building stronger bonds and delivering even more returns to local communities and all Queenslanders. The Queensland Resources Council’s Chief Executive Ian Macfarlane said the latest research conducted by an independent research agency has reinforced the need for the sector to better explain its everyday importance, relevance and world class environmental standards to all Queenslanders.
The Palaszczuk Government could expect almost an extra $1 billion over above their record projections in the Budget last year from coal royalties paid by the mining industry. The Queensland Resources Council has forecast that royalties on both thermal and metallurgical coals were due to set a new record of $4.46 billion this financial year (2018-19) – or the equivalent of $12 million a day.
The Queensland Resources Council (QRC) has welcomed a commitment of $30 million for the new CQ University School of Mines and Manufacturing in Gladstone and Rockhampton. QRC Chief Executive Ian Macfarlane said the resources sector contributed more than $7 billion to the Fitzroy region’s economy and more than 40,000 full-time equivalent jobs across the region, and the development of skills was critical to future investment and employment.
‘Oresome’ futures for Queensland students were highlighted at a gala event at the Queensland Museum last night. More than 100 teachers and guidance officers from throughout the state flocked to the museum for the launch by Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick of ‘Oresome Futures’, which aims to attract more young people to the resources and mining equipment, technology and services (METS) sectors.
Coal remains Queensland’s biggest export, making up 40% of the State’s total exports. QRC Chief Executive Ian Macfarlane said Queensland coal is the commodity of choice for Asia and the State’s economy is benefiting from key trade links with growing economies. The State’s high quality coal is not only supporting the jobs of more than 215,000 men and women but continues to be the central commodity driving exports.
Eighteen high-performing Indigenous resource employees, students and companies have been selected as finalists in this year’s Queensland Resources Council (QRC) 2019 Indigenous Awards. QRC Chief Executive Ian Macfarlane said the Awards identified the leading individuals and organisations making a significant contribution to the sector and communities.
'Rockin’ reactions are expected from students this week (today 7th May) in a first for Roma schools. Students at Roma Secondary College and St John’s Catholic School will take part in the Queensland Minerals and Energy Academy’s (QMEA) brand new ‘Rockin’ Reactions’ workshop.
From exploration to rehabilitation, year 10 students from Kelvin Grove State College and St Rita’s College will gain an in-depth understanding of mining and resources sector careers in a first for the schools (today 2nd May). They’ll be taking part in the first STEM4School Kids events to be held for the schools’ students, after joining the 60-school strong Queensland Minerals and Energy Academy (QMEA).
Queensland Resources Council has received assurances from the Queensland Government that increases of the rate of coal royalties, which are now at record levels, were not part of the preparations for the 11 June State Budget. QRC Chief Executive Ian Macfarlane said the industry welcomed Treasurer Jackie Trad’s comments that the Labor Government was "proud to be a resource State here in Queensland," in response to a question from Katter's Australian Party (KAP) Member for Hinchinbrook Nick Dametto on coal royalties.
The Queensland Resources Council fully supports the move by the State LNP to crackdown on militant activism and is calling on the Palaszczuk Government to support the two primary industries they are targeting. QRC Chief Executive Ian Macfarlane said militant activism had no place in a democratic Queensland and harsher penalties were needed to ensure the resource and farming sectors can get on with the job of creating jobs.
The Queensland Government’s approval of mining leases to extend the life of the Cameby Downs Mine in the Surat Basin secures jobs, exports and royalties for the State and confirms the long-term role for coal, the Queensland Resources Council said. QRC Chief Executive Ian Macfarlane said the mining leases were for continuation of operations at the open cut thermal coal mine operation, extending the mine life to 75 years and increasing the extraction approval to 3.5 million tonnes per annum (mtpa) of run-of-mine (ROM) coal, up from 2.8 mtpa, on the western Darling Downs.
The Queensland Resources Council has urged the Palaszczuk Government to focus on moving the multi-billion-dollar pipeline of resource sector projects from planning to purpose. QRC Chief Executive Ian Macfarlane said while he welcomed the Government’s advertisement promoting the fact $20 billion worth of resource projects had been approved with the creation of 7000 jobs over the last four years, there was in excess of $60 billion of resource project investment in the pipeline.
The Queensland Resources Council commends Queensland Rail (QR) on today’s (29th April) opening of the vital economic rail link between Mount Isa and Townsville after it was severely damaged by the north Queensland floods. QRC Chief Executive Ian Macfarlane said QR CEO Nick Easy and his team worked tirelessly to not only repair the rail but lifted its end of run times.