Mining industry achieves sales milestone

Queensland’s mining and petroleum industries have reached a significant milestone, Mines and Energy Geoff Wilson told State Parliament today.

The Minister said that in the 2005/06 financial year, the export and domestic sales of Queensland’s mineral and petroleum products was a record $25.4 billion – an $8 billion increase on the previous year.

“It’s the first time that sales have exceeded the $25 billion mark,” Mr Wilson said.

“The mining industry is the backbone of the state’s strong economy.

“Royalties from the mining industry - $1.45 billion last year - help build our schools and hospitals, put police on the beat and teachers in our classrooms.

“The resources boom is also a magnet for jobs and jobs security. To back this booming industry, we’re investing $300 million in clean coal technology projects.

“By investing in our multi billion mining industry, we’re investing in the workers at the coal face. We’re investing in their future.

“Our $20 million Smart Exploration program is achieving positive results. Today’s exploration activity will yield tomorrow’s mines and tomorrow’s jobs.

“The new $29 million Smart Mining–Future Prosperity program is well under way and will further advance the exploration of Queensland’s resources.

“The latest figures were dominated by export sales of more than $17 billion for coal and it reflects the ongoing demand for Queensland’s coking coals in the global steel industry, and record prices,” Mr Wilson said.

"Metalliferous sales were up to $5.6 billion, over $1.8 billion more than the previous year.

“Petroleum sales, including natural and coal seam gas, were also up, recording just over $1 billion which is a milestone in itself.

“The production of coal seam gas is on the rise and this can be directly attributed to the State Government’s 13 percent Gas Scheme.

“The mining industry is indeed booming in Queensland and the State Government is backing it all the way,” Mr Wilson said.

Media Inquiries: Ellen McIntyre 3225 1819