Category Archives: Mining

Budget shows $6bn loss of coal production

Posted on May 10, 2011 by Gene Tunny

One chart in the 2011-12 federal Budget papers that caught my eye shows the big hit to coal production caused by our Summer of natural disasters: The Treasury explains: The direct negative impact of the recent natural disasters is expected … Continue reading →

Posted in Budget, Mining | Leave a comment

Good times ahead for Queen City of the North

Posted on May 3, 2011 by Gene Tunny

Long-time Townsville residents sometimes fondly refer to their hometown as the “Queen City of the North”, which it is, in a way, being the most populous Australian city north of the Tropic of Capricorn, with around 170,000 residents compared with … Continue reading →

Posted in Mining, Population, Townsville | 1 Comment

That sure is a mining boom

Posted on April 24, 2011 by Gene Tunny

While reading a recent informative article on the Economic Contribution of the Resources Sector in Queensland, I was struck by a chart that shows employment in Queensland’s mining sector has more than doubled since 2003 to around 50,000 employed persons. … Continue reading →

Posted in Mining | 3 Comments

Is Queensland’s uranium mining ban under threat?

Posted on April 20, 2011 by Gene Tunny

According to a report in today’s Cairns Post, it appears at least one mining company is expecting an end to Queensland’s ban on uranium mining: IT might be half a world away but a uranium mine in western Russia is … Continue reading →

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OECD upbeat about global economy

Posted on April 5, 2011 by Gene Tunny

Despite the economic uncertainty arising from the tragedy in Japan, the OECD is optimistic about the strength of the global economic recovery. From the OECD newsroom today: Growth in the G7 economies outside Japan appears to be stronger than previously … Continue reading →

Posted in Industry policy, Macroeconomy, Mining | Leave a comment

Risks to Queensland economy from tragedy in Japan

Posted on March 14, 2011 by Gene Tunny

With the terrible disaster in Japan still unfolding, it is too early to forecast the impacts on the Queensland and broader Australian economies (See e.g. Impact is ‘unknowable’). The Queensland economy is clearly vulnerable, however, as Japan is our largest trading … Continue reading →

Posted in Macroeconomy, Mining | Leave a comment

Mineral exploration growing nicely, but carbon tax may have spooked consumers

Posted on March 9, 2011 by Gene Tunny

There’s little doubt the mining sector will underpin Australia’s economic growth and prosperity over the coming years, and hence it’s good to see mineral exploration rose 2.5% in December quarter 2010, and is getting back up near pre-GFC levels (as … Continue reading →

Posted in Climate change, Environment, Mining | Leave a comment

Despite growth numbers, we should be positive about economy

Posted on March 3, 2011 by Gene Tunny

Yesterday’s National Accounts data confirmed Queensland’s economy was sluggish in 2010, as reported in this morning’s Courier-Mail (Queensland’s slowing economy further affected by Summer disasters): QUEENSLAND was the nation’s slowest growing state last year, even before the worst of the … Continue reading →

Posted in Agriculture, Macroeconomy, Mining | Leave a comment

Post flood Brisbane economy sluggish, but should pick up soon

Posted on February 24, 2011 by Gene Tunny

The spirits of Brisbane western suburbs residents and office workers were no doubt lifted when they first saw the sign announcing that the McDonalds on Milton Rd, next to the still closed BP and Officeworks, is reopening on 28 February. … Continue reading →

Posted in Brisbane, Mining | 1 Comment

Gladstone’s tight rental market

Posted on February 17, 2011 by Gene Tunny

The LNG-led boom in Gladstone is raising local concerns about a housing/rental crisis, as reported in yesterday’s Gladstone Observer: Housing/rental crisis not unique The tight rental market has prompted the usual criticisms of real estate agents and landlords: Gladstone Mayor … Continue reading →

Posted in Gladstone, Housing, Mining | Leave a comment