SECURING enough workers, water and electricity are the keys to reaching the full potential of Queensland's mining industry, which is tipped to produce almost $8 billion in royalties come 2020.
A 2020 Growth Outlook Study of the state's minerals and energy sector has found it may require an additional 40,000 workers, 5000 megawatts of electricity and almost 200,000 mega litres of water.
In the Bowen Basin alone, water usage is expected to jump to 77,200ML by 2020, while electricity consumption will climb to 2660 megawatts annually.
Meanwhile, the number of workers in the Bowen Basin is expected to increase from 25,000 to about 42,400 in 2020. Technicians, trades workers, machinery operators and drivers are expected to be in high demand right throughout Queensland with major shortfalls predicted in each of those occupations.
Queensland Resource Council (QRC) member companies were asked where they would source workers and the results suggested the majority of future workers were expected to be non-residents.
The number of non-resident workers in the Bowen Basin is expected to jump from 7300 to 20,000 in 2020 under a full growth scenario.
The outlook report is based on 66 resource sector projects either under study, committed or under construction. Combined, they represent capital expenditure out to 2020 of $142 billion.
"If all these projects proceed, they will - among other significant socio-economic contributions to the economy - boost state royalties to almost $8 billion a year by 2020," QRC executive Michael Roche said.
"This is almost three times the $2.8 billion dollars banked in the 2010-11 financial year."
The aim of the study, by Deloitte Access Economics, was to provide a vital guide for industry, governments and communities to maximise state-wide benefits from an unprecedented expansion of the sector.
Deloitte Access Economics spokesman Chris Richardson said the opportunities would be lost forever if the mining industry and the federal and state governments did not react quickly enough.
Employment in Queensland's resource sector has already boomed over the last decade, growing from 20,000 people in 2001 to more than 60,000 this year.
Update your news preferences and get the latest news delivered to your inbox.