Category Archives: Mining

Qld coal exports decline of 5.5% big contributor to total exports decline

Posted on April 7, 2015 by Gene Tunny

Lower coal prices have translated into a decline in the value of Queensland’s coal exports (by 5.5% in the year to February 2015), contributing to a 1.6% decline in the value of Queensland’s total commodity exports over the same period … Continue reading →

Posted in Mining | Tagged , , , , , | 4 Comments

Upcoming panel discussion – End of the mining boom: What’s next?

Posted on April 6, 2015 by Gene Tunny

It’s clear the mining downturn is having significant adverse effects, such as large increases in unemployment in regions that are more dependent on mining, such as the Mackay and Fitzroy regions (see chart above, and also see the Courier-Mail report … Continue reading →

Posted in Macroeconomy, Mining | Tagged , , , , , , , , , , | 1 Comment

Upcoming event on drivers of Qld economy – presentation by James Keating from QCA

Posted on March 16, 2015 by Gene Tunny

The French-Australian Chamber of Commerce has organised an interesting event for Wednesday evening, 1 April in Brisbane CBD, featuring a presentation by James Keating from the Queensland Competition Authority: Which industries are currently driving the Queensland economy? I’m very interested … Continue reading →

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Great news about Abbot Point expansion given need for royalties and boost to mining & Qld economy

Posted on March 12, 2015 by Gene Tunny

I was very pleased to see the announcement about the Abbot Point expansion going ahead yesterday, given the boost it will provide to Queensland’s ailing mining industry (see chart below), royalties revenue for the Government, and the Queensland economy. North … Continue reading →

Posted in Mining | Tagged , , , , , , , | 7 Comments

Qld Government increasingly dependent on volatile royalties revenue

Posted on March 9, 2015 by Gene Tunny

The current resources sector slowdown is resulting in hard times for many businesses and workers, and it will make the new Queensland Government’s budget management task a lot harder, especially if projected royalties revenues don’t eventuate. Over the last ten … Continue reading →

Posted in Budget, Mining | Tagged , , , , , , | 2 Comments

Qld receiving huge economic shock from resources sector capital spending decline

Posted on February 25, 2015 by Gene Tunny

The scale of the negative economic shock Queensland is currently experiencing from the decline in resources sector investment is extraordinary, as revealed by new ABS data on construction work done released today (see chart above, noting “Engineering” covers the heavy … Continue reading →

Posted in Macroeconomy, Mining | Tagged , , , , , , | 1 Comment

ABC radio interview on outlook for Qld economy

Posted on January 13, 2015 by Gene Tunny

Steve Austin from 612 ABC Brisbane interviewed me yesterday morning regarding the economic outlook, and I gave my current view that the economy is relatively weak at the moment, but there are reasons for optimism for later in the year … Continue reading →

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2014 wrap up – Qld Govt excelled on budget management, but Adani & Tatts deals questionable

Posted on December 30, 2014 by Gene Tunny

The Queensland Government’s major economic policy achievements in 2014 included: strong budget management, particularly through expenditure restraint, with the Mid Year Fiscal and Economic Review reporting that expenses in 2014-15 are expected to now be $720 million lower than budget … Continue reading →

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Qld waiting for LNG exports to boost economic growth, as internal demand falls away

Posted on December 4, 2014 by Gene Tunny

The first exports of LNG from Curtis Island off Gladstone are expected to occur later this month, and they can’t come soon enough for the Queensland economy, with our current economic weakness confirmed by State Final Demand estimates in yesterday’s … Continue reading →

Posted in Macroeconomy, Mining | Tagged , , , , , , , , | 2 Comments

Qld Government likely to go into election campaign with weak economy

Posted on November 26, 2014 by Gene Tunny

New ABS data released today show a large drop in engineering construction activity – i.e. the heavy construction activity that has been largely associated with the resources sector in recent years. At the same time as this drop is occurring, … Continue reading →

Posted in Housing, Macroeconomy, Mining | Tagged , , , , , , , , , | 10 Comments