Category Archives: Mining

Carbon tax creates uncertainty for regional Qld businesses

Posted on July 12, 2011 by Gene Tunny

Premier Anna Bligh today will launch the Queensland Regionalisation Strategy (see Bligh plugs Downs future), but the ultimate success of the Strategy may depend on the impacts of the carbon tax on our regional economies. Many regional businesses remain concerned … Continue reading →

Posted in Agriculture, Climate change, Mining, Queensland Government, Tourism | Leave a comment

Carbon tax impacts on tourism and construction sectors

Posted on July 11, 2011 by Gene Tunny

Queensland Tourism boss Daniel Gschwind is worried about the impact of the carbon tax on the State’s tourism industry, as reported in the Gold Coast Bulletin this morning: THE carbon tax is another challenge for the Gold Coast tourism industry … Continue reading →

Posted in Cairns, Climate change, Gold Coast, Mining, North Queensland, Tourism | 1 Comment

Queensland has to make the biggest adjustment to carbon price

Posted on July 10, 2011 by Gene Tunny

Queensland will have to endure a much larger economic adjustment in response to the carbon price than other States, in large part because of the need to reduce fugitive emissions from coal mining and emissions relating to aluminium smelting, which uses huge … Continue reading →

Posted in Climate change, Macroeconomy, Mining | 2 Comments

Macarthur Coal’s new logo

Posted on July 6, 2011 by Gene Tunny

Yesterday was the tenth anniversary of the sharemarket listing of Queensland’s emerging mining giant Macarthur Coal, which I’ve heard was the third best performer among ASX 300 companies over the last decade. At its tenth anniversary celebration at the Queensland … Continue reading →

Posted in Mining | Leave a comment

Yes, closing coal industry would cost lots of jobs, but is that likely to happen?

Posted on July 4, 2011 by Gene Tunny

The Queensland Government is expecting to earn $2.8 billion in coal royalties in 2011-12 (Budget Strategy and Outlook, p. 94). Shutting down the coal industry would obviously have a large impact on Queensland’s Budget and economy, as well as the … Continue reading →

Posted in Climate change, Mining, Queensland Government | Leave a comment

Possible High Court challenge against mining tax

Posted on June 13, 2011 by Gene Tunny

Adele Ferguson in the Sydney Morning Herald (See you in Court) notes the Queensland Government may join a High Court challenge against the mining tax: A letter from mining billionaire Andrew Forrest to the Prime Minister reveals continuing dissent about … Continue reading →

Posted in Mining, Queensland Government, Tax | Leave a comment

Swan says relax about GDP fall, check out this pipeline

Posted on June 1, 2011 by Gene Tunny

Deputy PM-Treasurer Wayne Swan gave an informative press conference on the National Accounts today, noting that the flood-related GDP decline will only be temporary, and there’s a massive pipeline of mining investment on its way. Check out this great chart: … Continue reading →

Posted in Macroeconomy, Mining | 1 Comment

Great charts from OESR showing surges in online retail & mining investment

Posted on May 29, 2011 by Gene Tunny

The Office of Economic and Statistical Research (OESR) in Queensland Treasury released its latest Queensland Economic Review on Friday, and it contains some excellent charts showing surges in domestic online retailing (which is part of ‘other retailing’ in the first … Continue reading →

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

Mining boom is truly huge – $380 billion of planned investment

Posted on May 18, 2011 by Gene Tunny

The Deputy PM and Treasurer Wayne Swan gave another informative budget roadshow speech today (The story behind the Budget: An inclusive Budget). Highlights include: For the first time in our history we are situated in the right part of the … Continue reading →

Posted in Budget, Mining | Leave a comment

Mining sector dominates investment spending

Posted on May 10, 2011 by Gene Tunny

At the RBA briefing on its monetary policy statement in Melbourne yesterday, the RBA’s head of economic analysis, Dr Tony Richards, stunned some audience members when he mentioned that mining sector investment would increase to around 6% of GDP in … Continue reading →

Posted in Budget, Macroeconomy, Mining | Leave a comment