Category Archives: Mining

Cashed-up miners mean big difference in retail turnover in mining and non-mining States

Posted on May 2, 2012 by Gene Tunny

OESR has finally released its April 2012 Economic Review (obviously it’s taken a while to clear through the new Treasurer’s office), and it contains this interesting chart showing the stark difference in retail trade performance between the mining and non-mining … Continue reading →

Posted in Macroeconomy, Mining, Retail trade | Leave a comment

Growth forecasts believable, particularly given Can Do attitude to mining (even on Cape York)

Posted on April 27, 2012 by Gene Tunny

A couple of recent economic forecasts, from the Treasury and my former Treasury colleague Peter Downes, suggest the Australian economy will remain resilient and may even surprise us with stronger than expected performance: Treasury forecasts of 3.25pc growth to put … Continue reading →

Posted in Labour market, Macroeconomy, Mining | Leave a comment

Mining sector already making a large contribution to Governments

Posted on April 24, 2012 by Gene Tunny

While the Interim Report of the GST Distribution Review was fairly unsurprising (see the Australian coverage at Big States fall short in bid to ‘fix’ GST), it contains some useful and interesting pieces of analysis, including this chart showing the … Continue reading →

Posted in Budget, Mining | Leave a comment

Property industry confident Qld will out-perform other States

Posted on April 19, 2012 by Gene Tunny

The latest Property Council of Australia-ANZ Property Industry Confidence Survey found the industry is confident Queensland’s economy will out-perform other States and the property market will improve over 2012 (ANZ analysis: Confidence survey): As the latest PCA-ANZ survey results indicate, … Continue reading →

Posted in Housing, Macroeconomy, Mining | Leave a comment

Temporary setback for Qld resources sector

Posted on April 12, 2012 by Gene Tunny

Reports today (Mine shutdown a ‘kick in the guts’) about the closure of BMA’s Norwich Park coal mine in Dysart, Central Queensland clearly refute recent claims the mining sector is undergoing an out-of-control expansion. As reported on ABC News (Coal … Continue reading →

Posted in Budget, Mining, North Queensland | 1 Comment

How exposed is Qld to a downturn in southern States?

Posted on April 5, 2012 by Gene Tunny

After reading Alan Kohler’s brilliant column at the Drum yesterday (Business panic at Government calm) I started thinking about how exposed the Queensland economy is to a downturn in the southern States. Typically Australian States go into recession together, but … Continue reading →

Posted in Macroeconomy, Mining | 2 Comments

Annual cap on mining approvals undesirable and impractical

Posted on April 3, 2012 by Gene Tunny

In the Cairns Post today, in an article with the over-the-top title of People desert Cairns in droves, there is reference to the South of the Embley mining project which is being held up by the need to secure environmental … Continue reading →

Posted in Macroeconomy, Mining, North Queensland, VET | 1 Comment

A case for slowing down the mining boom – aren’t we doing that already?

Posted on April 2, 2012 by Gene Tunny

In today’s Sydney Morning Herald, Ross Gittins discusses a new paper from the Australia Institute on the case to slow down the mining boom. I may be biased, but I thought we already were slowing it down? For example, see … Continue reading →

Posted in Macroeconomy, Mining | 2 Comments

Pascoe spot on – we don’t yet fully comprehend the extent of the resources boom

Posted on March 26, 2012 by Gene Tunny

Michael Pascoe had a great article published today (What Campbell can’t do) that begins with a fascinating story and contains an observation about the resources boom that I fully agree with: In suburban Brisbane last week the world’s largest industrial … Continue reading →

Posted in Macroeconomy, Mining | 2 Comments

Australia Institute’s mining boom analysis ignores benefits to consumers

Posted on March 20, 2012 by Gene Tunny

Canberra-based think tank the Australia Institute has an interesting (though tendentious) paper out today: Job creator or job destroyer? An analysis of the mining boom in Queensland The paper notes: The mining boom is causing large structural changes to both … Continue reading →

Posted in Macroeconomy, Mining, Tourism | 2 Comments