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Industry expects up to three more mega mines in decade to come

Go Galilee Basin day of action
Go Galilee Basin day of action

Another three major mining projects could start construction in the next 10 years according to an industry body.

The Queensland Resources Council (QRC) is confident Adani Australia’s $21 billion Carmichael Coal Project will not be the last mega mine, and there will be multiple in the pipeline.

QRC chief executive Ian Macfarlane is “optimistic” construction will start at two or three new coal projects within the next decade. According to News Limited, any of the proposed projects in the Galilee Basin could take off.

They include:

  • Waratah Coal’s $7 billion China First Coal Project
  • GVK Hancock’s $6.8 billion Alpha Coal Project
  • MacMines’s $6.7 billion China Stone Coal Project
  • Waratah Coal’s $6.4 billion North Alpha Project
  • GVK’s $6 billion Kevin’s Corner Coal Project
  • AMCI’s $4.2 billion South Galilee Coal Project.

Up to 10,000 jobs predicted

QMEB can reveal the above projects could create up to 10,000 construction and operational jobs. QRC now claims Queensland resources jobs are growing faster than the rest of the state’s economy at a rate of 15 to one.

“Queensland job advertisements for resource-related jobs have risen at around 15 times that of all jobs in the Queensland economy,” Macfarlane said in a public statement. “The resources sector is hiring and the majority of the jobs are in regional areas.”

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Job ads jump 94 per cent

According to the Queensland Major Projects Pipeline Report, about $2 billion of resource projects are currently under construction with a further $19 billion in the pipeline through to the years 2022-23.

In the three years to April 2019, the number of job ads for mining-related positions jumped by 94 per cent, while the total number of job advertisements across all industries rose 6 per cent.

“53 per cent of QRC member CEOs expect to increase the total workforce at their Queensland operations over the next 12 months, with 10 per cent planning a substantial increase,” Macfarlane said. “Not a single CEO said they planned to reduce their workforce in the coming 12 months.”

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