Queensland Resources Council chief executive Ian Macfarlane with resource workers in Rockhampton. Picture: supplied
Queensland Resources Council chief executive Ian Macfarlane with resource workers in Rockhampton. Picture: supplied

Mining contributes $19b to Mackay, Coalfields economy

QUEENSLAND'S resources sector supported 117,812 jobs and added almost $19.9 billion to the Mackay and Coalfields' economy over the past financial year.

This jobs figure was a 33 per cent increase on the previous year, Queensland Resources Council figures showed.

That included 13,465 direct full-time jobs and 104,347 indirect full-time jobs across the electorates of Burdekin, Gregory, Mackay, Mirani and Whitsunday.

It comes as an economic report from Commodity Insights suggested there would be strong demand for thermal coal in Asia and India over the next decade.

The report, commissioned by the Minerals Council of Australia, took into consideration the impacts of COVID-19.

Despite the pandemic, it projected thermal coal imports to the Asia Pacific region to rise by 275 million tonnes through to 2030.

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Adani Mining chief executive David Boshoff said the report reflected Adani's own projections, especially for India, which was expected to have thermal coal imports grow by 74 million tonnes through to 2030.

"Right now more than 200 million people in India do not have adequate access to electricity and thermal coal imports will continue to rise in order to meet the demand of this growing population with economic ambition," Mr Boshoff said.

Adani Mining chief executive David Boshoff. Picture: Cameron Laird
Adani Mining chief executive David Boshoff. Picture: Cameron Laird

He said there would still be a need for thermal coal to provide baseload power despite an expected increase in renewable energy use in India and Asia.

QRC chief executive Ian Macfarlane said the latest data demonstrated the enormous importance of the resources industry to job security and the state economy.

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"The total number of statewide jobs supported by resources has now reached 420,000-plus, with data showing an extra 50,000 jobs have been added across the sector in 2019-20," he said.

"Resources also contributed a record $82.6 billion to the state economy in the same period, which is up $5 billion on the year before."

The QRC, through its Protect Your Job campaign, is urging voters to think about their own job security before voting in the Queensland election.


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