Category Archives: Mining

Frustrated Qld industry peak bodies (e.g. AgForce, QRC) want greater consultation post-election

Last Sunday, five prominent Queensland industry peak bodies—AgForce, the Property Council, QRC, QTIC and Timber Queensland—issued a joint election platform Driving Queensland’s Economic Growth. It was extraordinary that such a diverse collection of peak bodies were motivated enough and could … Continue reading

Posted in Environment, Mining, Queensland Government, Uncategorized | Tagged , , , , , , , , , | Leave a comment

My thoughts on Deloitte’s Confidently Queensland Report

Deloitte, one of the big four professional services firms, has recently released a very interesting and informative report titled Confidently Queensland, which presents Deloitte’s goals for Queensland in 2027: liveable communities, a diversified economy, and inclusive growth. The report was … Continue reading

Posted in Mining, queensland, Queensland Government, Uncategorized | Tagged , , , , , , , | 2 Comments

Qld economy needs pick up in private sector investment

According to the latest National Accounts released by the ABS last week, private sector investment spending fell in Queensland over the March quarter (in seasonally adjusted terms) and State Final Demand would have fallen as well, if it were not … Continue reading

Posted in Macroeconomy, Mining, Uncategorized | Tagged , , , , , , , , | Leave a comment

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

Posted in Mining, Townsville, Uncategorized | Tagged , , , , , , , , | 5 Comments

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

NAIF $900M loan to Adani for mega-mine rail line is far from a first best solution, possibly second or third best

As a former Treasury official and long-time critic of industry assistance, I’m sympathetic to the Federal Opposition’s criticism of the expected $900 million soft loan from the Northern Australia Infrastructure Facility (NAIF) to Adani for the rail line to its … Continue reading

Posted in Infrastructure, Mining, Uncategorized | Tagged , , , , , | 5 Comments