Tag Archives: coal

NAIF $900M loan to Adani for mega-mine rail line is far from a first best solution, possibly second or third best

As a former Treasury official and long-time critic of industry assistance, I’m sympathetic to the Federal Opposition’s criticism of the expected $900 million soft loan from the Northern Australia Infrastructure Facility (NAIF) to Adani for the rail line to its … Continue reading

Posted in Infrastructure, Mining, Uncategorized | Tagged , , , , , | 5 Comments

Coal and LNG push Qld commodity exports up to $1 billion per week

The surge in coal prices in the second half of 2016 and increased exports of LNG from Gladstone’s Curtis Island have pushed Queensland’s commodity exports to over $52 billion in 2016, or $1 billion per week, up from around $49 … Continue reading

Posted in Macroeconomy, Mining, Uncategorized | Tagged , , , , , , , , | 3 Comments

Qld Treasury was right to be cautious on coal royalties windfall

Queensland Treasury was right not to get too excited about the currently elevated coal prices and the surge in royalties when it updated its budget protections (chart below) last month.  As reported in today’s Australian, a report from the Chief … Continue reading

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

Why the Adani mega mine is welcome news in Townsville

It is welcome news to the local community that Adani will base its Carmichael coal mine headquarters in Townsville , which has struggled with job losses and high unemployment over the last couple of years. The Townsville Bulletin reports: “Townsville … Continue reading

Posted in Mining, North Queensland, Townsville, Uncategorized | Tagged , , , , , , , , , , | 3 Comments

Strong LNG-led export growth means Qld should record economic recovery in first half of 2015

Queensland appears on track to record a recovery from the technical recession of the second-half of 2014, due to a large increase in exports in recent months, in part associated with the LNG now being shipped out of Gladstone (see … Continue reading

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

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

ABC radio interview on the fiscal challenges facing the new Qld Government

Chatting with Steve Austin about the fiscal challenges facing the new Government in the Legislative Council Chamber at Queensland Parliament House, Brisbane (Photo: Terri Begley) On the first day of Queensland’s new Parliament, Steve Austin from 612 ABC Brisbane radio … Continue reading

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