Category Archives: Mining

Coal comeback good news for Qld economy

Last week saw a surge in coal prices due to global demand and supply factors (some of which are likely only temporary), as discussed in a nice piece by Bloomberg journalists reprinted by the Brisbane Times It’s not over for … Continue reading

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Mining CAPEX has been growing in WA, falling in Qld

Mining sector capital investment has been increasing in WA but falling in Queensland, according to March quarter capital expenditure data published by the ABS yesterday (see chart above). This would reflect a combination of the following factors: the stronger demand … Continue reading

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Qld exports were $21bn lower in 2020 due largely to lower coal and LNG prices

At the launch of the Queensland Premier’s Export Awards in May 2019 at the Tower of Power, 1 William St, I spoke about how Queensland’s exports had soared to record levels over the previous few years, largely as a result … Continue reading

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Bulk of coal mining jobs in Central Qld, but Brisbane has 2-3K

Last Wednesday, I was pleased to note that the Chinese ban on Australian thermal coal appears to have had little impact so far (check out Pick up in thermal coal prices over last month). This is good news especially for … Continue reading

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Pick up in thermal coal prices over last month

Unlike in WA where iron ore is the major commodity, in Queensland it’s coal that’s the big deal, and we should be thankful the Chinese ban on Aussie thermal coal doesn’t appear to have been that effective, as evidenced by … Continue reading

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Where Queensland’s coal exports go

In my post last Tuesday, PM puts China’s Aussie thermal coal ban in perspective, I noted how China’s Aussie coal ban would be much more concerning if it also applied to coking coal, which is more valuable per tonne and … Continue reading

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PM puts China’s Aussie thermal coal ban in perspective, but $100M+ annual loss to Qld state budget possible

Prime Minister Scott Morrison did a good job yesterday at putting China’s reported ban on Australian thermal coal into perspective, pointing out Japan is our largest customer for thermal coal, and it takes twice the amount of thermal coal as … Continue reading

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Campaigning pollies recognise importance of resources sector to Qld economy

The Guardian Australia’s Queensland correspondent Ben Smee has a nice summary of our Premier’s first week of election campaigning in his article on the Queensland paradox, whereby politicians have to appeal to voters in both Townsville and Toowong: The premier, … Continue reading

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Mining & Ag have partly shielded several Qld regions from COVID shock

As shown in my post on the latest payroll jobs data from the ABS, the regions which have fared the best in Queensland since the COVID-related economic crisis began in March are Toowoomba and Central Queensland, likely due to the … Continue reading

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Qld’s regional economies & COVID-19 – video chat with Pete Faulkner

Earlier today I chatted with Pete Faulkner from Far-North-Queensland-based Conus Business Consultancy Services regarding how Queensland’s regional economies have been impacted by COVID-19. Check out the recording of our Zoom conversation below. You can download the slides we chatted about … Continue reading

Posted in Brisbane, Cairns, Labour market, Mackay, Macroeconomy, Migration, Mining, North Queensland, Population, Tourism, Townsville, Uncategorized, Wide Bay-Burnett | Tagged , , , , , , , , , , , , , , , | Leave a comment