$34.9B worth of coal exported from Qld in October
IT HAS been a busy month for the state's mines and ports as the latest figures show coal exports are up almost 10 per cent compared to October last year.
This comes as coal exports have seen the strongest growth compared to other export commodities for the past 23 months in a row, totalling $34.9 billion in exports this month. This means coal exports contributed 44 per cent of Queensland's $79.3 billion in total export value.
Queensland Resources Council Chief Executive Ian Macfarlane said for the last two years, coal exports have been the anchor for Queensland's strong export performance.
He said the strong performance of the resources sector was responsible for an additional 10,000 jobs this year, or "a (new) job every 40 minutes".
Last week BHP and Adani announced the creation a total of 1850 new resource industry jobs within the Bowen and Galilee basins.
Mr Macfarlane said these and similar announcements indicated the industry was "looking forward to a strong start to the new year too".
"Every tonne of coal and other resources exported brings in royalty taxes that benefit all Queenslanders," he said.
"Based on this strong performance we expect an even greater return to Queenslanders from coal royalty taxes, above and beyond the $3.5 billion forecast for this year's budget.
"We look forward to seeing the updated figures before Christmas. Queensland's resources industry is capping off a positive year, during which we've seen new investments and new jobs.
"We are looking forward to a strong start to the new year too, with new projects including the Adani Carmichael mine, and new exploration in the North-West of the state.
"Figures released by the Queensland Exploration Council earlier this week showed an increase in exploration investment across the range of our state's commodities.
"This puts all Queenslanders in prime position to continue to benefit from investment, jobs and returns from royalty taxes that build our state."