Monthly Archives: May 2017

Better policies would help Qld win the Economic State of Origin

At times during the last mining boom, Queensland was winning the economic State of Origin against NSW, with higher employment growth, a lower unemployment rate and a higher gross state product (GSP) per capita. But those glorious days are behind … Continue reading

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Impressive list of speakers at IAQ Qld Infrastructure Summit on 29 August

I am honoured to be a presenter at IAQ’s upcoming Queensland Infrastructure Summit on 29 August in Brisbane, alongside our Deputy Premier Jackie Trad, Treasurer Curtis Pitt, Deputy Opposition Leader Deb Frecklington, and other luminaries including my old UQ economics … Continue reading

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More details needed, but royalties deal better than the one before Trad’s intervention

We still have scant details on the new Adani mega mine royalties deal, particularly the exact royalty rates and the deferral terms (interest rate and collateral/financial security required), but at least it appears the Government has pulled back from its … Continue reading

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Nervous times for construction industry with downswing underway

Last week I forecast a continuing downswing in construction activity (Trouble in Qld construction industry & worse may be to come) and the March quarter construction data released by the ABS on Wednesday have confirmed this (see chart below), as … Continue reading

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On mega mine, Qld Government should avoid taking equity risk for just a return on debt

Financial journalist Trevor Sykes would frequently point out that the problem with lending to highly-leveraged companies is that you can effectively take on equity risk while only receiving a return on debt. The Queensland Government needs to avoid this risk … Continue reading

Posted in Mining, Uncategorized | Tagged , , , , , , , | 6 Comments

Adani no go would be bitter blow to Townsville

Townsville Mayor Jenny Hill is one of the strongest advocates for the Adani mega mine, and she must now be very worried that the mine will not proceed, and that Townsville will miss out on the mine HQ, FIFO jobs, … Continue reading

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Pros and cons of a $300M royalties holiday for the Adani mega mine

The acrimonious political debate on the proposed Adani mega mine (see Brisbane Times coverage) would be well informed by a number of economic policy considerations that I discuss below. Some of these, but not all, would lend support to a … Continue reading

Posted in Mining, Uncategorized | Tagged , , , , , , , , | 4 Comments