Regional business boost from resources sector

4 August 2016

Regional and rural Queensland businesses are receiving a significant financial boost from resource companies buying local.

Queensland Resource Council CEO, Michael Roche, today released data showing more than 24,000 local businesses throughout Queensland were benefitting from resource company purchases.

On Thursday, the QRC is hosting a forum of 50 resource sector stakeholders to further enhance the benefits of “buying local” for resource companies and local businesses.

“Mining and gas operations are long-term projects and they provide present and future economic benefits across Queensland,” Mr Roche said.

“Buying local provides a win-win for resource companies and local communities.

“That means jobs now and on-going jobs, as well as economic sustainability for regional and rural Queensland.”

Mr Roche said the latest data identifies that more than 24,000 local businesses supplied the resources sector in Queensland, from well-established supply hubs in Brisbane, Mackay, Rockhampton and Toowoomba.

“The objective of the forum is to discuss areas where local industry engagement is working well, and not so well,” Mr Roche said.

“Importantly, we are looking for ways to improve the implementation, effectiveness and adoption of the Code.”

Mr Roche said the Code was unique to Queensland and was leading practice self-regulation.

“This approach delivers much more direct positive benefit to local businesses than a tick-a-box regulated scheme,” Mr Roche said.

“An added and important benefit is that the Code applies to all projects – that is existing projects, not just those seeking project approval.”

Media: Angela Harper or Ron Watson 07 3295 9560

Photos available of the event – please contact Emma Haigh, Manager Digital Marketing, 3316 2530