Resources continues to carry Qld economy - Treasury
PERTH (miningweekly.com) – New data from the Queensland Treasury has shown that the resources industry continued to contribute significantly to the state budget, despite the Covid-19 pandemic.
Over the year to August, the value of Queensland’s exports decreased A$16.1-billion to A$71.3-billion, as international markets were disrupted.
Queensland Resources Council CEO Ian Macfarlane said over the 12 months to August 2020, the 372 000 Queensland men and women working in resources helped deliver A$56.5-billion, or 79.25%, of the state’s total export earnings of A$71.3-billion.
“Queensland export earnings have been impacted by Covid-19, with total export earnings down by A$16-billion compared to the previous 12 months, but we’ve still contributed 80% of total exports,” Macfarlane said.
Queensland’s resource exports across key commodities over the 12 months to August 2020 are led by metallurgical and thermal coal at A$33.2-billion, liquefied natural gas at A$13.8-billion and minerals at A$9.5-billion.
“Exports sales to overseas customers are critical to our prosperity at home in Queensland. As a result of the men and women working in resources following Covid-safe practices, our industry is keeping the Queensland economy strong and continuing to contribute to a resources-led Covid recovery.
“The world needs what Queensland has, but we also need to have long-term, stable policy and royalty settings to ensure the resources industry can continue to invest, employ and export at the level we currently do, and on which our state economy depends.”
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation