Tag Archives: resources

Mining capital spending saved Qld economy from really poor growth in 2012-13

Posted on December 1, 2013 by Gene Tunny

The 2012-13 State Accounts, released by the ABS on Thursday, confirm that heavy engineering construction, largely by the resources sector, shored up the Queensland economy in 2012-13 and protected it from the adverse impacts of Government spending cuts. This is … Continue reading →

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Reasons to be optimistic Qld will cope with shock from mining investment decline

Posted on November 11, 2013 by Gene Tunny

BIS Shrapnel’s new report on the mining industry appears to pick up the points made at the Energy Skills Queensland conference I attended last week regarding how gas will boom, but the outlook for minerals is much less optimistic (More … Continue reading →

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Qld Treasurer rightly rejects pessimism about mining industry

Posted on October 24, 2013 by Gene Tunny

I’m pleased to see Queensland Treasurer Tim Nicholls has rejected the doom and gloom around the state of the mining industry in Queensland, as reported in the Brisbane Times this morning (Qld mining industry still strong), pointing to strong growth … Continue reading →

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Economic impact of mining can be over-stated, according to PC

Posted on October 10, 2013 by Gene Tunny

The Productivity Commission released a very interesting research note earlier this month titled On input-output tables: Uses and abuses. Input-output tables are the matrices that show how all the industries of the economy are connected to each other – e.g. … Continue reading →

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Resources sector investment hasn’t and won’t fall off cliff

Posted on August 30, 2013 by Gene Tunny

Yesterday’s ABS capital expenditure data show just how significant resources sector investment has been to the Queensland economy over the last few years, and how the manufacturing sector has been affected by the high exchange rate (see chart below). While … Continue reading →

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State against State – Qld caught up to NSW in per capita output over 2000s

Posted on June 26, 2013 by Gene Tunny

NSW was traditionally a more productive State than Queensland per head of population, as expressed in economic measures such as gross state product (GSP) per capita produced by the ABS. But Queensland’s economy caught up in per capita terms over … Continue reading →

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Qld defies national trend in capital spending – Qld resources sector investment hasn’t peaked yet

Posted on May 30, 2013 by Gene Tunny

Consistent with yesterday’s data on construction activity (see my post from this morning), ABS data released today show private sector capital spending in Queensland has not yet fallen from a peak, as national capital spending has due to a drop … Continue reading →

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Resources sector investment hasn’t peaked yet in Qld – we now lead Australia in construction

Posted on May 30, 2013 by Gene Tunny

Unlike the rest of Australia, construction activity increased in Queensland in the March quarter. This was due to heavy, so-called engineering construction, no doubt resources sector-related, as residential and non-residential building activity (i.e. houses, flats, office buildings, shopping centres, etc) continues … Continue reading →

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Resources sector investment has peaked, but likely to remain strong for a few years yet

Posted on May 22, 2013 by Gene Tunny

The Australian Bureau of Resources and Energy Economics released its latest review of Resources and Energy Projects today (see Committed investment in resources and energy major projects at peak). It shows that although resources sector capital expenditure has peaked, it should … Continue reading →

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Surat Basin FIFO/DIDO workers to peak this year

Posted on May 21, 2013 by Gene Tunny

Queensland Treasury released its non-resident population projections for the Surat Basin today. They show that fly-in, fly-out (FIFO) and drive-in, drive-out (DIDO) worker numbers will peak this year at around 8,600 and decline over the next few years as the … Continue reading →

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