Queensland’s resources sector continues to drive jobs growth and investment in communities with a AUS$62.9 billion contribution to the state’s economy in 2017 - 2018, Ian Macfarlane, Chief Executive of the Queensland Resources Council, (QRC), said yesterday.
Macfarlane launched the ninth annual economic contribution report at the Port of Brisbane with Senator Matt Canavan, Minister for Resources and Northern Australia.
Commenting on Queensland’s coal sector, Macfarlane said: “It was more good news for coal with total employment rising 14% to 215 656…Coal was the largest overall contributor accounting for 69% of economic contributions, followed by metals at 15% and oil and gas at 13%. This report illustrates international markets see Queensland coal as an essential ingredient in steel making and energy production. It shows the world wants our bauxite, copper, gold, silver and zinc for electric vehicles, renewable energy and smart phones while our gas is feeding the energy needs of Asia and beyond.”
Read the article online at: https://www.worldcoal.com/coal/20112018/coal-accounted-for-69-of-queensland-resources-sector-contributions-in-2017--2018/
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The Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.