Category Archives: Mining

Bright outlook for Qld economy

Posted on July 20, 2012 by Gene Tunny

I agree with Access Economics’s assessment of the Queensland economic outlook reported in the Courier-Mail this morning: THE future for Queensland is bright, with the state back in control of its mojo. That’s the upbeat view of Deloitte Access Economics, … Continue reading →

Posted in Macroeconomy, Mining | Leave a comment

Far too early to call end of resources boom

Posted on July 3, 2012 by Gene Tunny

The slowdown in the Chinese economy has some market players worried about the outlook for the Australian resources sector, as reported by AAP (Mining boom over says, analyst). These concerns seem unwarranted, as any slowdown will be temporary, and there … Continue reading →

Posted in Macroeconomy, Mining | Leave a comment

Two-speed economy shows up in job vacancies data

Posted on June 28, 2012 by Gene Tunny

The economies of the non-resources States are not looking healthy, if today’s ABS job vacancies data are any indication: MacroBusiness has good coverage of the national data (ABS job vacancies fall), with Houses and Holes observing: It appears that growth … Continue reading →

Posted in Labour market, Macroeconomy, Mining | 1 Comment

Mining not the only job generator in two-speed economy

Posted on June 27, 2012 by Gene Tunny

Matt Grudnoff of the Australia Institute has a provocative piece in the Courier-Mail this morning (Newman is digging in wrong hole) in which he calls for the Government to slow down the resources boom due to its adverse impacts on … Continue reading →

Posted in Labour market, Mining | Leave a comment

Resources boom impacts on volunteering

Posted on June 20, 2012 by Gene Tunny

As a gesture of goodwill to the local community, the LNG companies moving into Gladstone may wish to consider investing in training their workers in emergency services and rescue work, because the local State Emergency Services (SES) group is struggling … Continue reading →

Posted in Gladstone, Mining | Leave a comment

Queensland had lacklustre March quarter, while WA is hero of National Accounts

Posted on June 6, 2012 by Gene Tunny

I’m unclear why today’s ABS March quarter National Accounts have generated such surprise among commentators, as the data were wholly consistent with the two-speed economy we know we have. To me, the only new information was that the mining boom … Continue reading →

Posted in Macroeconomy, Mining | Leave a comment

CBA sees risks to Qld resources sector

Posted on June 3, 2012 by Gene Tunny

My former Treasury colleague Lachlan Shaw, Commodity Analyst at the Commonwealth Bank, has made some interesting comments regarding the outlook for the Queensland resources sector, as reported in the Toowoomba Chronicle yesterday: “Queensland is, on a range of estimates, one … Continue reading →

Posted in Mining, Queensland Government | 1 Comment

Qld & WA the winners in the two-speed economy

Posted on May 31, 2012 by Gene Tunny

Adam Creighton and David Uren have a nice summary of the latest data on the two-speed economy in the Australian this morning (Retail in reverse as resources power on): THE divide between the over-heated, resource-rich sectors of the economy and … Continue reading →

Posted in Macroeconomy, Mining, Retail trade | 1 Comment

$75 billion of mining & energy projects in Qld at advanced stages of development

Posted on May 28, 2012 by Gene Tunny

The Treasurer’s Economic Note yesterday alerted me to the Bureau of Resources and Energy Economics’ latest issue of Mining Industry Major Projects, released last Thursday.  The large investment in the development of LNG plants is noticeable in the billions of … Continue reading →

Posted in Mining | Leave a comment

New OESR data confirm huge increase in FIFO & DIDO workers in Bowen Basin

Posted on May 19, 2012 by Gene Tunny

New OESR survey data confirm the huge increase in fly in-fly out (FIFO) and drive in-drive out (DIDO) work arrangements in the Queensland resources sector. Here’s a chart based on the excellent new report from OESR Bowen and Galilee Basins … Continue reading →

Posted in Mining, Population | Leave a comment