INTERNATIONAL COAL NEWS

QLD boosted by resource boom

THE Queensland resources sectors strong performance and outlook have been confirmed by the 2006-0...

Staff Reporter

This article is 19 years old. Images might not display.

Queensland Resources Council chief executive Michael Roche said government forecasts indicated that minerals and energy production would continue to underpin the strength of Queensland’s economic performance and budget outlook.

“Queensland’s budget position will benefit directly from $1.5 billion in minerals and energy production royalties next financial year,” Roche said.

He said it was a record return to the people of Queensland, whose economic outlook was also brightened by the resources sector’s contribution to growth in employment, exports and business investment.

“It should also be noted by taxpayers that the resources sector will effectively fund a large part of the state’s capital program for rail, port and water infrastructure through user charges,” he said.

Roche said that if the minerals and energy sector was to sustain its critical support role for the Queensland economy, state government attention should stay focused on the effective delivery of services to regional Queensland.

“Mining communities need a strong commitment from the record health budget to address healthcare deficiencies. Liveable mining communities are critical to our ability to attract and retain the services of skilled employees.”

Responding to other elements of the 2006-07 state budget, Roche urged a stronger government focus on encouraging mineral exploration, describing a four-year $20 million program as a “first instalment” in reviving Queensland’s reputation as an exploration province of choice.

He also urged that a strong flow of additional trade training places be directed towards trades relevant to the resources sector and support industries; and welcomed budget confirmation of up to $300 million under the Future Growth Fund to support the development of new technologies to mitigate climate change effects and promote clean coal technology.

TOPICS:

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

editions

Future Fleets Insights 2026

Mining IQ Insights delivers annual standalone reports that expand upon the most relevant discussion points in the mining sector.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Automation and Digitalisation Insights 2025

Discover how mining companies and investors are adopting, deploying and evaluating new technologies.

editions

Mining IQ Exploration Insights 2025

Gain exclusive insights into the world of exploration in a comprehensive review of the top trending technologies, intercepts, discoveries and more.