News

Rockhampton and Gladstone becoming mining boom epicentres

The test pit at the GVK Hancock Alpha coal project in the Galilee Basin west of Rockhampton.
The test pit at the GVK Hancock Alpha coal project in the Galilee Basin west of Rockhampton. Patrick Hamilton

THE hiccuping of Queensland's traditional engine room in Central Queensland is being drowned out by the economic roars from new frontiers in coal and gas.

Mines in the Bowen Basin, west of Mackay, have long been the epicentre of the State's coal mining booms but new figures point to the emerging Galilee Basin west of Rockhampton and Curtis Island near Gladstone powering up to take its place.

New figures from the Federal Bureau of Resources and Energy Economics released on Wednesday showed record-breaking investment in Australia's resources industry.

BREE research found 87 committed developments worth $268 billion across the country with $78.4 billion or almost 30% coming from 22 projects planned for Queensland.

By comparison, New South Wales had 16 projects worth a total of $9.5 billion or 3.5% of the total.

BHP Billiton Mitsubishi Alliance mothballed its Norwich Park and Gregory coal mines this year as coal prices waned.

It also postponed its Red Hill mine, a plan worth $2.2 billion.

Rio Tinto wound down its Blair Athol operation, which closed last week

Most mining giants also launched company wide cost-cutting measures, often cutting the number of contractors.

There were still 10 coal projects worth a total of $10.2 billion in the Bowen Basin, capable of creating at least 2800 building jobs and another 1610 to operate the mine.

On paper the figures appear paltry when compared with $60.8 billion being invested in liquefied natural gas projects near Gladstone.

Those projects will employ up to 17,000 through construction and up to 3000 once operating.

To the west, $23.15 billion is to be spent in the Galilee Basin, which - if all were successful - would deliver 130 million more tonnes of thermal coal a year for export.

BREE senior economist John Barber said the Bowen Basin lacked the enormous plans plotted for other parts of the State.

"There aren't that many mega projects in the Bowen Basin," Mr Barber said.

"There are some large ones, worth more than $1 billion, but not of the scale of the thermal coal and LNG elsewhere in the State."

Mr Barber said although there appeared to be a slowing in some areas, other parts of the State were making up for it.

"It's never a good thing for a community to have a project delayed or cancelled," he said.

"But when you look at a (state) level instead of regional impacts, it has seen growth due to those LNG projects," Mr Barber said.

Federal Resources Minister Martin Ferguson warned that big numbers did not guarantee a booming industry.

He said while mineral prices remained low, challenges would persist.

"In the face of lower commodity prices, the delivery of this pipeline of projects is contingent on keeping production costs down, providing access to skilled labour and increasing our productivity and efficiency," Mr Ferguson said.

Topics:  boom gladstone mining rockhampton



Don’t go chasing waterfalls…find them on these drives!

BRISBANE isn’t all bright lights and city slickers.

Science Festival seriously awesome

Don't miss the World Science Festival Brisbane!

CALLING everyone who wants to see something totally cool.

Drink where the cool kids do this summer

There are a bunch of new bars open in Brisbane, make sure you're there!

CHECK out these new funky bars.

Discover Brisbane’s laneway gems

Brisbane's laneways will surprise you.

NOT all of Brisbane City is as it seems…

Top five things to experience this summer in Brisbane

Tangalooma is amazing if you're keen for a dive, kayak or swim.

THIS summer get out and explore your capital city.

Your boots are made for walking these tours

Brisbane Greeters tours are a great way to learn the local history of the city.

YOU don’t need a bike or bus for a seriously good tour of Brisbane.

Is Brisbane the new arts and culture capital?

Check out GOMA's latest exhibition - it's all about hair! GOMA 10 Ambassador Patience Hodgson visits Nervescape V 2016 by Icelandic artist Hrafnhildur Arnardóttir (aka Shoplifter), commissioned for ‘Sugar Spin: you, me, art and everything’ at the Gallery of Modern Art, Brisbane. 
Photograph: Natasha Harth, QAGOMA

THE rest of the world should be envious of this line-up!

Pacific Jewel tourists choose our city as wedding destination

Newlyweds Matthew and Christine Moore tie the knot aboard P&O Pacific Jewel Cruise Ship in Gladstone.

COUPLE tie the knot while docked at Gladstone on luxury ship.

Owner finds Gladstone man living under home, police called

An Anglicare CQ housing manager says many people who have remained in Gladstone are experiencing financial stress.

THE MAN will be forced to pay hundreds of dollars he doesn't have.

Woman injured in hidden razor blade horror at hospital

JUST NOT ON: Sharon Francis where she fell victim to the cowardly act.

Police investigate after frightening incident

Local Partners

Buderim dad rejects gay son's emotional plea for second time

Bride and Prejudice: Son’s emotional plea rejected again by unmoved father

What's on the big screen this week

Ewan McGregor and Jonny Lee Miller in a scene from the movie T2: Trainspotting.

This week's new releases offer plenty of variety for movie buffs.

REVIEW: Under the Gun doco looks at right to bear arms

ARMED: A still from the 2016 documentary film Under the Gun by Stephanie Soechtig.

An in-depth look into America's gun culture.

Hodges proud to be part of first channel dedicated to NRL

Justin Hodges is gearing up for his new gig on Fox League.

Footy star hopes to provide a voice for players on new NRL channel

Selling Houses renovate for Salvos in 100th episode

Charlie Albone, Andrew Winter and Shaynna Blaze return for season 10 of Selling Houses Australia. Supplied by Foxtel.

Selling Houses launch 10th season in volatile property market

Woman to help Gladstone families connect with dead loved ones

SPIRITS: Medium Charmaine Wilson will be in Gladstone in May to perform readings and stage show.

SPIRITS hang around Kmart as much as cemeteries.

Furious Price wants to quit I'm a Celeb after clash with Keira

Steve Price has threatened to quit the jungle.

Will camp ration clash with Keira cause Steve to call it quits?

Gladstone's 20 cheapest properties on the market, all under $150K

DIRT CHEAP: 5/239 Sun Valley Rd, Kin Kora is selling for $140,000

PROPERTY sellers drop prices as houses and units sell for bargains.

$140k damage: landlord says property trashed, contaminated

He had what he calls "the tenants from hell"

Submarine, buses and 3000 tyres removed in $100K clean up

The list of things removed from this property is beyond astonishing

Popular island resort sells to loaded international investor

OUR PICK: Chris Foey's colourful shot of one of Gladstone's great tourism hot spots, Heron Island.

International investor snaps up piece of Gladstone paradise.

Ready to SELL your property?

Post Your Ad Here!