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Mining continues to drive Qld - QRC

1st November 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Economic data from the Queensland Resources Council (QRC) has shown that the resources sector added A$74.3-billion to the Queensland economy in 2018/19, supporting 372 561 direct and indirect jobs.

QRC CEO Ian Macfarlane said the figures showed the resources sector is delivering long-term benefits for all Queenslanders.

“Queensland’s resources sector is now supporting one in every seven jobs, and one in every five dollars for Queensland’s economy. That means from Burleigh Heads to Brisbane and from Mackay to Mount Isa, the resources sector is powering local economies and employing local people.

“The strength of the sector is driven primarily by coal, which is worth a billion dollars a week to Queensland, or A$52.5-billion over the year. The coal industry directly employs 34 667 Queenslanders and supports another 226 887 indirect jobs.

“This year’s figures are up substantially on last year, with both overall jobs and total value added growing by 18%.”

Macfarlane noted that over the last ten years, the resources sector had added A$668-billion to the Queensland economy.

“The numbers are on a global scale, but the benefits are local. With one in seven Queenslanders working in or with the resources sector, just about every Queensland family has a connection to mining and the resources sector.

“The resources sector is diverse and growing for the future.”

He added that while the resurgent coal price has delivered a budget benefit for Queenslanders, there is significant growth in the metals category, such as copper, zinc and bauxite, which is up 26% this year and is now worth A$11.7-billion to the state’s economy.

There were strong prospects for even greater returns and more jobs as Queensland’s world-class North West Minerals Province is developed, Macfarlane said.

 

Edited by Creamer Media Reporter

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