Congratulations to 282,000 Queensland resource sector workers — you are export record breakers, says QRC

INCREASED COAL, LNG and mineral sales have helped Queensland post a record export result of $73.7 billion for the 12 months until the end of May, according to the latest trade data released by the State Government.

Queensland Resources Council chief executive Ian Macfarlane said the resources sector contributed almost $60 billion - or 80 percent - of the result.

“For every 10 dollars Queensland earns through exports, the resources sector contributes eight of those 10 dollars,” he said.

“This is a tribute to the more than 280,000 Queenslanders working directly and indirectly in the resources sector. To those men and women, Indigenous and non-Indigenous, in the regions and the south-east – please accept the congratulations on behalf of all Queenslanders.”

Over the last 12 months:

• Coal exports increased by $5 billion or 18% to $32.8 billion;
• Mineral exports increased by $634.2 million or 9.3% to $7.4 billion; and
• LNG, alumina and semi-soft coking metallurgical coal to $20.9 billion of exports classified as confidential. This category of exports increased by $3.8 billion or 22%.

Mr Macfarlane said Premier Annastacia Palaszczuk was correct to highlight the increase in coal exports was due to a recovery from the devastating impact of Tropical Cyclone Debbie in March and April 2017.

“What the Premier, the coal industry and Queenslanders do not know is how monopoly rail operator Aurizon will apply its threat to stop up to 20 million tonnes of coal reaching export ports in central Queensland. If Aurizon follows through with its threat, we estimate a $4 billion cut in coal exports,” he said.

Mr Macfarlane said the Palaszczuk Government last year set itself the target for Queensland to be the source of 22 percent of national exports annually until 2022.

“The latest trade figures put Queensland at 23 percent, ahead of its target. Without resources sector exports, Queensland would provide only 4.4 percent of the nation’s overseas trade. Without coal exports, it would be only 13 percent,” he said.

Link to Queensland Treasury trade data http://www.qgso.qld.gov.au/products/reports/exports-qld-goods-overseas/exports-qld-goods-overseas-201805.pdf

Link to the Premier’s statement on trade results http://statements.qld.gov.au/Statement/2018/7/4/queensland-exports-continue-to-soar-to-new-heights

www.qrc.org.au

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