Mineral exports boom thanks to coal!
Australia’s mining industry is set to deliver a record $250 billion in exports to the Australian economy this year.
The export figures are contained in an in-depth federal government report released today by Minister for Resources and Northern Australia Matt Canavan.
Federal Member for Capricornia, Michelle Landry, has welcomed the report and says it shows just how important the mining sector is to not only Central Queensland, but the entire nation.
“With mineral exports worth a quarter of a trillion dollars, there is no denying the value of mining.
“Our local coal industry is a vital piece of that puzzle too, as demand for our high quality coking and thermal coals booms throughout the Asia Pacific.
“Coal is steadily going past iron ore as our most valuable export and that should make every Central Queenslander proud of the contribution this region is making to the national economy.
“Coal exports are tipped to clear $61 billion for the 2018-19 financial year; that’s a massive benefit to the nation and to Central Queensland.
“It’s important we don’t rest on the laurels of this boom though, and take advantage of new opportunities for employment and economic growth.
“The Galilee Basin offers huge opportunities for CQ jobs and to continue to develop one of our biggest employment industries.
“This surge of export value is delivering jobs for people right across CQ and I am thrilled to see the turnaround taking effect.
“Unfortunately, while this is a subject that should easily attract bi-partisan support, the ALP have scurried away from backing the Galilee Basin and the jobs it will deliver." said Ms Landry.
“I will continue to back the coal sector that so many rely on for their job and to support their family.”
For the full Resources & Energy Quarterly Report, visit: https://bit.ly/2QoYW7v