What lies beneath is about to become a whole lot clearer in Queensland following today’s launch by Resources Minister Scott Stewart of the state’s fifth consecutive round of funding to support exploration. Queensland Exploration Council Chair Kim Wainwright said competition for funding through the State Government’s Collaborative Exploration Initiative (CEI) was expected to be strong, based on the response to previous rounds.
Three peak bodies have joined forces to welcome an assurance by the Queensland Government it can use existing powers under the Local Government Act to defend their industries from ‘unfair and inequitable’ council rate increases.
More than 60 percent of CEOs surveyed for a new report on Queensland’s resources sector are considering hydrogen-related business opportunities, with 10 percent already committed to hydrogen projects. Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said more than 30 percent of member CEOs who responded to a recent sentiment survey believe hydrogen will provide an opportunity to reduce emissions in their own business, and a further 30 percent think hydrogen could help grow their business.
The Queensland Resources Council’s (QRC) latest State of the Sector report highlights the continuing adaptability and resilience of the state’s $82.6 billion resources industry, in spite of the impact of the global pandemic, Chief Executive Ian Macfarlane said today. Mr Macfarlane said a survey of QRC member company CEOs in February 2021 showed resources companies are actively looking at new technologies such as hydrogen to reduce emissions and grow their business in a sustainable way.
A quarterly report into the performance of Queensland’s resources sector due for release mid-April will show Queenslanders can continue to rely on resources to help the state recover from COVID-19. Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said today the state’s abundant commodity base has placed Queensland in a very strong position, with an upcoming State of the Sector report for the December 2020 quarter showing local CEO’s have great confidence in the future of the industry.
The Queensland Resources Council (QRC) has been invited to work with the State Government through a newly established Ministerial Energy Council to secure the State’s future energy needs. QRC Chief Executive Ian Macfarlane today welcomed the Palaszczuk Government’s plan to collaborate with industry, consumer and employee representatives through the Council.
The Queensland resources sector has again defied the COVID-19 global pandemic by adding 10,259 jobs - or more than one extra job every hour - over the 12 months to February this year, according to Australian Bureau of Statistics (ABS) data released today.
The Queensland Resources Council (QRC) is ready to get to work with the Palaszczuk Government on the Resources Industry Development Plan to consolidate the gains the state has made in the most recent jobs figures. QRC Chief Executive Ian Macfarlane said with the end of JobKeeper looming, it is more important than ever to ensure a long-term plan for the industry is in place to keep the Queensland resources sector thriving.
The Queensland Resources Council (QRC) has welcomed the announcement of a new joint venture that, if approved, could develop a new bauxite mine and create hundreds of new jobs in Far North Queensland.
The Queensland Resources Council (QRC) has congratulated Santos on being awarded an Authority to Prospect (ATP) in the gas-rich Bowen and Surat Basins. QRC Chief Executive Ian Macfarlane said Resources Minister Scott Stewart’s announcement that Santos had been granted a domestic gas ATP was a win for the gas industry and for industrial and household consumers.
Mr Macfarlane said Queensland’s resources sector supported more than 420,000 jobs across the State, and despite COVID-19, international market conditions and commodity price fluctuations the sector was continuing to hire staff. “The resources sector already supports one in six jobs across the state and is playing a central role in helping Queensland work, earn and employ its way through COVID,” Mr Macfarlane said.
The Queensland Resources Council (QRC) has joined the Resources Minister, Scott Stewart, in congratulating Glencore coal on its transformation of previous open-cut mining areas at Oaky Creek coal mine to native vegetation with the potential for grazing.
Queensland Resources Council (QRC) Chief Executive Ian Macfarlane today congratulated all of Queensland’s 2021 Resources Awards for Women winners and finalists.
The Queensland Resources Council (QRC) has welcomed the release of the Morrison Government’s Resources Technology and Critical Minerals Processing road map as an important next step in securing the investment needed for the next wave of Queensland resources projects.
The Queensland Resources Council has welcomed the adoption of a new initiative to promote excellence across the sector’s commitments to safety, environment, First Nations and broader community engagement. QRC Chief Executive Ian Macfarlane said that the Environment, Social and Governance (ESG) initiative, “Towards Sustainable Mining” (TSM) was developed by the Mining Association of Canada and is being adopted in
Investment in exploration for new resource discoveries in Queensland increased by almost $130 million or 23 percent in 2020, according to new data released today.
Queensland’s resources industry received the not so sweet news this week that it now ranks number 16 out of 77 jurisdictions in the world in terms of investment attractiveness. Queensland has dropped an alarming six points over the past five years according to the the Fraser Institute’s Annual Survey of Mining Companies 2020, well behind Western Australia’s ranking of four and South Australia at seven.
The Queensland Resources Council (QRC) has welcomed the Australian Government’s decision to hold an inquiry into the impact of recent banking and insurance policy changes on export industries like resources. The QRC will provide a submission to the Joint Standing Committee on Trade and Investment Growth to highlight increasing concerns about the impact of ‘anti-resources activism’ on the ability of some businesses to renew insurance policies, particularly public indemnity insurance, and their ability to access finance.