The Queensland Resources Council (QRC) today welcomed the State Government’s decision to approve an $82 million extension to the Isaac Plains metallurgical coal mine near Moranbah, calling it a huge vote of confidence in Queensland’s high quality coking coal industry.
Alexandra Hills State High School students will be on the hunt for treasure – treasures that can be found in everyday things – when they take part in a Queensland Minerals and Energy Academy (QMEA) activity today.
The Queensland Resources Council (QRC) has welcomed the Northern Australia Infrastructure Facility’s (NAIF) decision to invest in a new metallurgical coal mine near Moranbah in Central Queensland. The Pembroke Resources-owned Olive Downs Steelmaking Coal Complex (Olive Downs) in the Bowen Basin will receive a $175 million NAIF loan to kickstart construction of a ‘21st century mine built to 21st century standards’.
A growing number of small to medium-sized businesses that service the resources sector are having significant problems securing finance and insurance because of recent climate change-related policy changes by banks and insurers, the Queensland Resources Council (QRC) said today.
Queensland is entering a golden new era of minerals processing and Townsville is right at the heart of the action, Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said today.
A national commodity outlook released today confirms what most Queenslanders already know – they can count on resources to help the state recover from COVID-19 and thrive well into the future, the Queensland Resources Council (QRC) said today.
Exploration expenditure in Queensland has risen by 24 percent over the past 12 months to reach $708 million since March 2020, the Queensland Resources Council (QRC) said today.
The peak body for the resources sector in Queensland has welcomed the opening of submissions to the Queensland Resources Industry Development Plan (QRIDP) by the Queensland Government.
“The Queensland Resources Council (QRC) has been pleased to work closely with the Palaszczuk Government from the outset to develop the plan,” said QRC Chief Executive Ian Macfarlane.
“We congratulate Resources Minister Scott Stewart and his department on working with us to develop this important plan to ensure the resources sector and its communities remain strong and deliver jobs and prosperity for all Queenslanders,” he said.
Despite the COVID-19 pandemic, the resources industry has continued to ensure Queensland’s economic prosperity through its $82.6 billion contribution in the last year.
The Queensland Resources Council (QRC) has welcomed the announcement from Federal Minister Keith Pitt of a new five-year, $190 million investment plan for Northern Australia.
The QRC has welcomed the Federal Government’s announcement of a further $539.2 million in funding for new emissions reduction projects, calling it a necessary and pragmatic step towards helping Australia meet global emission targets.
More than 60 percent of CEOs surveyed for a new report on Queensland’s resources sector are considering hydrogen-related business opportunities, with 10 percent already committed to hydrogen projects.
Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said more than 30 percent of member CEOs who responded to a recent sentiment survey believe hydrogen will provide an opportunity to reduce emissions in their own business, and a further 30 percent think hydrogen could help grow their business.
Mr Macfarlane said the results published in the QRC’s latest State of the Sector report show resources companies are actively looking at new technologies such as hydrogen as a way to reduce emissions to address the challenge of climate change.
“While there is a way to go before green hydrogen can be considered a commercially viable energy source in Queensland, the research, development and commercialisation work underway is very promising,” he said. “The State Government’s decision to establish a Ministry for Hydrogen Industry Development and a Ministerial Energy Council also shows it’s serious about encouraging industry to invest in renewable technologies like hydrogen, so I think we’re all moving in the right direction. The QRC looks forward to sharing the strong interest of our members in hydrogen, as part of the energy mix, in our discussions with the Council. The good news for Queensland is that the unique ingredients that make our state a global minerals and energy powerhouse are ideally suited to support a thriving hydrogen export industry. Queensland has around 300 days of sunshine a year, we’re close to large export markets in Asia, and we have a proud history of co-existing with other regional industries. Queensland’s resource industry already has the essential skills base and strong safety culture that can drive the state’s hydrogen sector forward on a large scale.”
Mr Macfarlane said research into how to safely and economically add hydrogen into the global energy mix is well underway, with mining companies already heavily involved in trialling hydrogen for industrial use.
Current projects involving QRC member companies include:
Mr Macfarlane said the latest State of the Sector report highlighted the continuing resilience and adaptability of Queensland’s resources industry in the face of the global pandemic.
“In spite of all the challenges we’ve faced, mining and gas jobs in Queensland increased by 15 percent over the 12 months to February 2021 according to the latest Australian Bureau of Statistics’ figures, which means jobs supported by our state’s resources sector would now be well over 420,000,” he said. “24 percent of our CEOs are also planning to increase employment at their Queensland operations over the next 12 months, with half expecting to increase their workforce by more than 25 percent. This is a huge vote of confidence in our sector which benefits every Queenslander through a stronger state economy and more jobs.”
The QRC is Queensland’s peak representative body for coal, metal and gas explorers, producers and suppliers across the resources sector. It contributes one in every five dollars to the Queensland economy, sustains one in six Queensland jobs, supports more than 15,000 businesses and contributes to more than 1,200 community organisations across the state - all from 0.1 percent of Queensland’s land mass.
Source: QRC
The Queensland Resources Council’s (QRC) latest State of the Sector report highlights the continuing adaptability and resilience of the state’s $82.6 billion resources industry, in spite of the impact of the global pandemic, Chief Executive Ian Macfarlane said today.
Mr Macfarlane said a survey of QRC member company CEOs in February 2021 showed resources companies are actively looking at new technologies such as hydrogen to reduce emissions and grow their business in a sustainable way.
A quarterly report into the performance of Queensland’s resources sector due for release mid-April will show Queenslanders can continue to rely on resources to help the state recover from Covid-19.
The Queensland resources sector has again defied the Covid-19 global pandemic by adding 10,259 jobs – or more than one extra job every hour – over the 12 months to February this year, according to Australian Bureau of Statistics (ABS) data released today.
The Queensland Resources Council (QRC) has welcomed the announcement of a new joint venture that, if approved, could develop a new bauxite mine and create hundreds of new jobs in Far North Queensland.
The Queensland resources and energy sector is currently looking to fill more than 1000 jobs across the State, Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said today.
The Queensland Resources Council (QRC) has congratulated Santos on being awarded an Authority to Prospect (ATP) in the gas-rich Bowen and Surat Basins.
QRC Chief Executive Ian Macfarlane said Resources Minister Scott Stewart’s announcement that Santos had been granted a domestic gas ATP was a win for the gas industry and for industrial and household consumers.
The Queensland Resources Council (QRC) has joined the Resources Minister, Scott Stewart, in congratulating Glencore coal on its transformation of previous open-cut mining areas at Oaky Creek coal mine to native vegetation with the potential for grazing.
Queensland Resources Council (QRC) Chief Executive Ian Macfarlane today congratulated Queensland’s 2021 Exceptional Woman in Resources winner Maryann Wipaki and Exceptional Young Woman in Resources winner Ashleigh Turner on their outstanding contributions to the state’s resources sector.
Resource exploration spending in Queensland increased by almost $130 million or 23 percent in 2020, according to new data released.