I’m pleased to see Queensland Treasurer Tim Nicholls has rejected the doom and gloom around the state of the mining industry in Queensland, as reported in the Brisbane Times this morning (Qld mining industry still strong), pointing to strong growth in coal exports:
“In the months of July and August the total volume of seaborne coal shipped out of Queensland ports was a record,” he told attendees at a Queensland Property Council lunch on Wednesday.
“We shipped over 34 million tonnes over those two months. Over 16.4 million tonnes in July alone.”
I’ve previously covered the pick up in coal exports over the last twelve months, and it’s good to see the trend continued in August 2013:
The Treasurer would also be pleased to see that an essential piece of infrastructure for the coming LNG-led boom is in place, with the Toowoomba Chronicle reporting:
I’ve previously rejected pessimism about the mining industry and have commented on the huge boost to the Queensland economy that will come from the commencement of LNG production and exports at Curtis Island off Gladstone in the next couple of years:
Other recent posts of mine on the resources sector include: