The Queensland Resources Council has welcomed the announcement of a 18 May Federal election by releasing the mining and petroleum industries’ $60 billion annual economic contribution across the State’s 30 Federal electorates. QRC Chief Executive Ian Macfarlane said the resources sector employed Queenslanders and supported local businesses in every electorate from Leichhardt in the north to McPherson in the south, Maranoa and Kennedy in the west.
Queensland’s resources sector spending with small and medium businesses in Queensland has increased by 19 percent over 12 months and recorded its first gain in six years. QRC Chief Executive Ian Macfarlane said companies were redirecting spending away from overseas and interstate suppliers to Queensland businesses.
The Australian Government’s approval of the Carmichael Coal project’s groundwater management plans, based on the recommendations of CSIRO and Geoscience Australia, is another milestone in the project’s 3091 days and counting approval process.
A proposed Maroon Fund to redirect extra cash generated by Queensland coal in the Federal Budget has reached $491 million in funding requests for community programs, initiatives and capital works said the Queensland Resources Council.
The budget calls out the importance of a strong economy. Strong global demand for Queensland’s high quality resources has enabled the industry to get on with creating jobs – more than one new job an hour for the entire year. These are high-tech jobs for the future.
Nominations are closing soon for the Queensland Resources Council’s (QRC) annual Indigenous Awards, a night to celebrate excellence in Aboriginal and Torres Strait Islander participation in the State’s resources sector. QRC Chief Executive Ian Macfarlane said the awards, presented during National Reconciliation Week, provide the opportunity to showcase exceptional performance by Indigenous individuals, businesses and resource companies economic participation initiatives.
The Queensland Resources Council welcomes Federal Labor’s commitment to support the competitiveness of trade-exposed industries, but the policy needed to be more explicit in its support of those industries or it will jeopardise jobs and investment in mining. QRC Chief Executive Ian Macfarlane said Federal Labor’s policy acknowledged that emissions-intensive trade-exposed (EITE) industries face additional barriers to cutting pollution while staying globally competitive.
Strong projections for key Queensland resource commodities was good news for the State’s economy, jobs, exports and royalty revenue, Queensland Resources Council Chief Executive Ian Macfarlane said. Mr Macfarlane said the Australian Government’s Office of Chief Economist report has forecast strong market conditions for metallurgical and thermal coal, LNG, bauxite, copper and zinc.
The resources sector has created almost one in three of Queensland’s new jobs since the last State election in 2017, according to figures released by the Australian Bureau of Statistics. Queensland Resources Council Chief Executive Ian Macfarlane said the resources industry had created 11,588 jobs, an increase of 21%, since the November 2017 quarter – the time of the last State election – to the end of February this year.
Queenslanders will continue to benefit from royalties from the higher royalty rate on bauxite exports set more than a decade ago under legislation considered by State Parliament today. Queensland Resources Council Chief Executive Ian Macfarlane said the Government’s legislation reinforced the existing minimum royalty rate on bauxite for export $2 per tonne and a minimum rate of $1.50 per tonne for bauxite used in Queensland, such as for alumina production.
In a first for the Queensland Minerals and Energy Academy (QMEA), 16 top trade students will go ‘tool to tool’ in the inaugural QMEA Central Queensland Skills Competition supported by CIVEO. The one-day event, at Moranbah State High School, gives students from Moranbah, Blackwater, Dysart, Emerald and Middlemount the opportunity to showcase their hand skills while working in a team to solve a trade-based problem. The teams will only receive the problem on the day and have approximately three hours to develop a plan and construct their project.
The Queensland Resources Council wants the upcoming Federal Government’s Budget and the Opposition’s Budget Reply to commit to reinvesting back into Queensland the extra $1 billion in company tax that will flow into Canberra due to higher metallurgical coal prices. QRC Chief Executive Ian Macfarlane said based on Federal Treasury’s calculations, the higher than projected metallurgical coal price would provide an extra $1.2 billion for the balance of this financial year and next financial year (2019-20).
Queensland’s resource sector is making further inroads into bringing down the State’s unemployment rate by investing in new projects and expanding existing activities, said the Queensland Resources Council (QRC). QRC Chief Executive Ian Macfarlane said ahead of today's ABS jobs data the resource sector was already doing the heavy lifting with more than 1,300 jobs available in mining, resources and energy on the employment website SEEK.
Anglo American and BHP Mitsubishi Alliance (BMA) have again demonstrated the industry’s commitment to world class rehabilitation across thousands of hectares of land in regional Queensland. Queensland Resources Council (QRC) Chief Executive, Ian Macfarlane said the industry upholds the highest environmental standards.
Students from Ayr are the first to participate in the inaugural ‘On the Tools at Evolution’ trade experience to be held at Ayr State High School today. The event, run by the Queensland Minerals and Energy Academy (QMEA) with support from Australian gold miner Evolution Mining and their Mt Carlton team, allows senior students to work in a simulated work environment on a trade-based project over three days.
Central Queensland girls will find out what it’s like to be a tradie when they take part in a hands-on workshop with resource professionals. Students from Moranbah and Dysart will explore trade career pathways in a girls-only workshop, while in Emerald both male and female students will experience trade-based activities from local resources sector tradies and apprentices.
Queensland’s exports have surged to a new record of $82.8 billion – the third record month in a row – on the back of another increase in the value of coal and minerals.
The Queensland Resources Council has presented its first ever Lifetime Contribution Award to mark the career of resources sector trailblazer ConocoPhillips Australia East President Wendy King. QRC Chief Executive Ian Macfarlane said the honour was befitting to recognise a career that has reached the very highest level.