Speaking at the QRC Annual Lunch, Roche said the so-called boom experienced earlier this decade is being replaced by a ramp-up in long-term production capability, underwritten by a strong global economy and the growth of economies like China and India.

He said the QRC member survey released at the lunch included responses from 33 companies representing the exploration, mining, minerals processing, oil and gas, and electricity production industries, which were compiled by leading professional services firm Deloitte.

QRC members reported almost 700 job vacancies across the state with the largest demand being for professional and production roles in Central Queensland.

Among the 2005-06 expenditures highlighted by the companies were the following (against previous year’s figures and percentage changes):

Spending on goods and services in Queensland totalled $6.2 billion ($5.5 billion, +12%)

The companies paid wages and salaries of $2.2 billion ($1.98 billion, +11%)

The companies reported royalty payments to the State Government of $1.26 billion ($861 million, +46%)

Rail freight and access charges totalled $926 million ($1.01 billion, –8%)

Demurrage (port waiting time) charges of just over $200 million were incurred

Research and development investment topped $143 million

More than $55 million was allocated for environmental management

More than $32 million was invested in safety training for employees

Deloitte Energy, Infrastructure and Resources partner Graham McHarrie said the survey revealed a recognition in the industry that margins will come under pressure if prices decline.

“Companies to benefit in the long run are those seeking now to identify efficiency gains,” he said.

“Opportunities lie in reviewing the supply chain, changing processes and increasing employee engagement. Alliances are being used as an innovative means of sourcing services and sharing in the risks and rewards.”