The Queensland Resources Council (QRC) has welcomed the action by Australia Pacific LNG (APLNG) to supply 16.2 petajoules (PJ) of gas to the Australian manufacturing market. “Today’s announcement is yet another sign of the benefits that flow from a successful gas industry that has regulatory stability,” QRC Chief Executive Ian Macfarlane said.
Exports from the Queensland resources sector over the last 12 months have earnt $70 billion for the first time, based on trade data released today. Queensland Resources Council Chief Executive Ian Macfarlane said the sector, which employs more than 315,000 men and women across the State, has delivered 81% of Queensland’s record export earnings of $85.8 billion for the 12 months to May this year.
The Queensland Resources Council (QRC) today welcomed Mines Minister Dr Anthony Lynham’s decision to award three companies the Authority to Prospect (ATP) for gas on more than 1,510 square kilometres of land in the Surat Basin. QRC Chief Executive Ian Macfarlane said the onshore investment by the Santos/Shell joint venture and Bridgeport Energy demonstrated Queensland’s ability to get on with the job of supplying gas.
The Queensland Resources Council (QRC) together with its explorer-focused membership body the Queensland Exploration Council (QEC) has welcomed a new Chair for the QEC, Kim Wainwright. QRC Chief Executive Ian Macfarlane said the incoming Chair was a great fit for the role and looked forward to having an inspiring female industry champion in the position.
The Queensland Resources Council (QRC) and the Greater Whitsunday Council of Mayors (GWCoM’s) have signed an agreement to ensure a greater commitment to jobs and investments into the region’s economy. QRC Chief Executive Ian Macfarlane said the new Memorandum of Understanding (MoU) would bring three mayors under one partnership with the resources sector to ensure the Mackay region would receive its fair share of the sector’s economic benefits.
Hundreds of Year 7 students from schools across central Queensland will become physicists for a day in the Queensland Minerals and Energy Academy’s (QMEA) Physics in Flight competition. Schools from Mount Isa and Gladstone, with the help of resources sector professionals, will compete in a paper plane throwing competition, which has physics at its core.
Employment in Queensland’s resources sector has added an extra 5,730 jobs over the last 12 months – the equivalent of one new job every 90 minutes according to the latest Australian Bureau of Statistics (ABS) labour force data. Queensland Resources Council Deputy Chief Executive Judy Bertram said the data reaffirmed the resources sector’s role as a key Queensland employer with new jobs in mining regions and Australia’s biggest mining town – Brisbane.
The Palaszczuk Government’s 25 per cent gas royalty hike will translate into a slug of more than $13 million a year on Queensland industry and households through higher energy costs, the Queensland Resources Council (QRC) said today. QRC Chief Executive Ian Macfarlane said it was likely the cost of the tax hike would be passed on directly to consumers.
The Queensland Resources Council (QRC) has called on the Palaszczuk Government to delay the implementation of any gas royalty increase to January 1st, 2020 to allow industry and Government to work through confusion in the draft legislation. “As it currently stands, the 25% increase in gas royalties on domestic and export gas will damage industry viability and increase costs to the electricity and domestic processing and manufacturing sectors,” QRC Chief Executive Ian Macfarlane said.
The Queensland Resources Council has welcomed the approval from the Queensland Department of Environment and Science for the Adani Groundwater Dependent Ecosystems Management Plan. QRC Chief Executive Ian Macfarlane said the finalisation of the plan meant the project could now get underway and start delivering returns to Queensland.
The Queensland Resources Council (QRC) has welcomed the commitment from the LNP Opposition for a 10 year royalties freeze and for added certainty in the approvals process, which will support future investment and jobs in the resources sector, particularly in regional Queensland. QRC Chief Executive Ian Macfarlane said the pledge sent an important signal to investors, and he urged the Palaszczuk Government to make the same commitment.
Queensland now has the highest tax rates in Australia for resources projects, undermining our hard-won reputation as a global commodity leader and risking the 315,000 jobs in the sector, Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said today. “The surprise 25 per cent hike on gas royalty rates in the state budget, coupled with Queensland’s sliding scale for coal royalties, means the Palaszczuk Government oversees the highest rate tax grab on the resources sector in Australia,” Mr Macfarlane said.
The Palaszczuk Government's shock decision in the State Budget to increase the rate of royalty taxes on gas by 25% threatens regional Queensland jobs, investment and exports, the Queensland Resources Council (QRC) has warned. With resources royalties this year forecast to hit unprecedented highs of $5.45 billion, including $4.34 billion from coal, QRC Chief Executive Ian Macfarlane said the Palaszczuk Government had betrayed the trust of the 315,000 Queenslanders who work in the resources sector, especially in regional Queensland.
The Queensland Resources Council has welcomed the Palaszczuk Government’s commitment to upgrading the Townsville to Mount Isa rail line and reducing rail charges as a new driver in investment, exports and jobs from the State’s North West Minerals Province. QRC Chief Executive Ian Macfarlane said the announcement ahead of the Budget by Deputy Premier Jackie Trad of $380 million over five years to upgrade the line and reduce user charges by $20 million per annum was a commitment of confidence in the resources sector, particularly copper, zinc and lead.
Premier Annastacia Palaszczuk has reaffirmed the importance of the resources sector and its role in renewables as a recipe for regional resilience and prosperity, the Queensland Resources Council said. QRC Chief Executive Ian Macfarlane said the Premier’s speech to CEDA, with former US Vice-President Al Gore in Brisbane today, made it clear there was a strong future for the resources sector in Queensland and the benefits to regional communities from it.
More than 315,000 Queensland men and women working in the the State’s resources sector have helped Queensland post a new export record. Queensland Resources Council Chief Executive Ian Macfarlane said Queensland Treasury analysis released overnight showed resource exports delivered more than $65 billion of the $85.2 billion total exports of Queensland goods in the 12 months to the end of April 2019.
The Queensland Resources Council (QRC) has welcomed the Palaszczuk Government’s decision to award 18 square kilometres of land for gas production to APLNG-Armour Energy. QRC Chief Executive Ian Macfarlane said the granting of the licence with a domestic-only condition was an example of the State’s leading regulatory framework.
Roma’s St John’s Catholic School students are wiser about how water is used, filtered and recycled following a workshop at their school yesterday. Water4All is run by the Queensland Minerals and Energy Academy (QMEA) and focuses on the environmental management of this precious resource.