Coal and mining investment in Central Queensland grows 33%

QUEENSLAND’s coal and mining sector supported 117,812 jobs and added close to $19.9 billion to the Mackay and Coalfields’ economy over the past financial year, according to the Queensland Resources Council.
Coal and mining investment in Central Queensland grows 33% Coal and mining investment in Central Queensland grows 33% Coal and mining investment in Central Queensland grows 33% Coal and mining investment in Central Queensland grows 33% Coal and mining investment in Central Queensland grows 33%

Queensland's coal and mining sector supported 117,812 jobs and added close to $19.9 billion to the Mackay and Coalfields’ economy over the past financial year.

QRC CEO Ian Macfarlane said the $19.9 billion was a 33% increase over the previous corresponding period while indirect full-time jobs had increased 33.4% to 104,347 across the electorates of Burdekin, Gregory, Mackay, Mirani and Whitsunday.

Macfarlane said the latest data showed the enormous importance of coal mining to job security and the economy in Central Queensland.

"The total number of statewide jobs supported by resources has reached 420,000-plus, with data showing an extra 50,000 jobs have been added across the sector in 2019-20," he said.

"Resources also contributed a record $82.6 billion to the state economy in the same period, which is up $5 billion on the year before."

In the Burdekin, Gregory, Mackay, Mirani and Whitsunday electorates, the resources sector has also supported almost 3000 businesses and spent $7.4 billion purchasing local goods and services in the past financial year.

The top 10 Queensland electorates ranked in order of economic contribution to the state economy in 2019-20 are McConnel, Mackay, Burdekin, Gladstone, Gregory, Whitsunday, Clayfield, Cooper, Mirani and South Brisbane.

Macfarlane said the data showed one in every five dollars and one in six jobs in Queensland were associated with the resources industry, highlighting the significance of the sector to every single Queenslander.

"Statewide, 52,676 people are now directly employed by our mining, gas and energy companies and a further 367,493 jobs are supported by the resources sector, which demonstrates the substantial flow-on benefits to the wider community," he said.

"Jobs are more important than ever as Queensland businesses continue to battle the headwinds of COVID-19."