Category Archives: Mining

Resources sector investment driving State demand

Posted on March 10, 2012 by Gene Tunny

The resources states of Queensland and WA were the heroes of the ABS National Accounts released on Wednesday, with very strong growth in State Final Demand recorded over 2011: But nationally economic growth was lacklustre, and the two-speed economy continues, … Continue reading →

Posted in Infrastructure, Macroeconomy, Mining | Leave a comment

Huge surge in mining capital expenditure means healthy Qld economy

Posted on March 2, 2012 by Gene Tunny

Yesterday’s new private sector capital expenditure data from the ABS shows the Queensland economy is in excellent health and will easily reach Queensland Treasury’s forecasts of economic growth of 4.25% and a 35% pick up in business investment in 2011-12. … Continue reading →

Posted in Macroeconomy, Mining, Tourism | Leave a comment

Resources sector jobs multiplier

Posted on February 25, 2012 by Gene Tunny

Following my post last week on the Brisbane Economic Development Plan, an informed reader suggested that the source of the eyebrow-raising resources sector jobs multiplier of 19 may have been the Queensland Resources Council-sponsored study of the sector’s economic contribution … Continue reading →

Posted in Brisbane, Labour market, Mining | 2 Comments

Qld business investment grew at nearly 15% per quarter in mid-2011

Posted on February 17, 2012 by Gene Tunny

OESR’s State Accounts for September 2011, which were released today, contain this chart showing the massive growth in business investment (primarily resources sector related) in the June and September quarters of last year: The massive level of investment occurring across … Continue reading →

Posted in Macroeconomy, Mining | Leave a comment

Brisbane Economic Development Plan foreshadows public wi-fi expansion

Posted on February 14, 2012 by Gene Tunny

The new Brisbane Economic Development Plan 2012-2031 says all the right things about wanting to make Brisbane more innovative and creative, attracting the best and brightest and streamlining council processes. It contains at least one really good idea, that of … Continue reading →

Posted in Brisbane, Mining | 5 Comments

Hands off our mining royalties

Posted on January 27, 2012 by Gene Tunny

OESR’s latest Queensland Economic Review released today contains an informative piece on the Grants Commission’s treatment of mining royalties – i.e. effectively taking a big chunk of them away from us (and WA) by allocating us less of the GST … Continue reading →

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Two-speed sharemarket – Qld companies winning

Posted on January 20, 2012 by Gene Tunny

A very interesting finding from Deloitte, reported by the Brisbane Times (Resources skew Queensland Growth): On average last year Queensland’s 213 ASX listed companies increased their market capitalisation by 14.7 per cent. By comparison the ASX All Ordinaries [which lists … Continue reading →

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Tender for coal exploration permits a good way to help repair budget

Posted on January 14, 2012 by Gene Tunny

The new Henry-Review-inspired tender system for coal exploration permits, announced by Treasurer Fraser on Friday, is a clever, low cost way to raise much needed revenue to help fix the Queensland budget. The Mid Year Fiscal and Economic Review has … Continue reading →

Posted in Budget, Mining, Tax | Leave a comment

Surge in professional jobs as resources boom continues

Posted on December 22, 2011 by Gene Tunny

The number of professional jobs increased strongly by 6.2% in Queensland over 2011 according to the latest ABS labour force data, as reported in an information brief from OESR yesterday. The growth in professional jobs accounted for all of the … Continue reading →

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Coal mines re-open – Qld economy bounces back

Posted on December 7, 2011 by Gene Tunny

As the formerly flooded coal mines have re-opened, the Queensland economy has bounced back strongly. From OESR’s briefing note on the latest National Accounts figures: Also regarding the National Accounts, Fairfax economics editor Peter Martin has a great column (Economy … Continue reading →

Posted in Macroeconomy, Mining | Leave a comment