Business

The mining industry's fetish for cutting jobs

AUSTRALIA'S resources industry has a fetish for cutting at the moment: cutting workers, costs, offices and cutting investment.

But for all the crying poor, the industry - including gas, oil, coal and iron ore - could deliver more than 130,000 jobs across the country by 2025.

Up to 40,000 of those could be in Queensland.

This green shoot will be of fleeting solace to any of the almost 4000 thought to have lost their jobs in the Queensland mining industry in the final six months of last year.

It may also be cold comfort for the next 1000 expected to lose their jobs this year if surveys done by the Queensland Resources Council stack up and it appears they do.

In early March, Swiss powerhouse Xstrata sliced 100 office jobs by shutting down its Brisbane base.

Thankfully, towers of research tell us all is not lost.

ADVANCED MINERALS AND ENERGY PROJECTS FOR QLD AND NSW
ADVANCED MINERALS AND ENERGY PROJECTS FOR QLD AND NSW

 

A flood of figures and data from the Australian Workforce and Productivity Agency - the dryly named replacement for Skills Australia - suggest even if the world crumbled into economic ruin, mining jobs would still increase by a few thousand.

With 217,700 already in the industry, those are good numbers.

Best case scenario is that figure increases by 132,400.

Somewhere in between the perfect world and its destruction, there would be between 76,800 and 110,000 new jobs.

Hard to believe given the gloom that haunts any talk of the mining industry, but easier to stomach when considering there are 100 projects planned for Queensland alone.

As Skills Queensland puts it, "While not all of these projects will proceed, it is expected that there will be an increased level of demand for different skills and occupations over the next five years or so".

These include up to 25,000 jobs ready to be unearthed in the emerging Galilee Basin west of Rockhampton, and 18,000 in the budding coal seam gas industry.

Meanwhile, New South Wales has effectively fought off enthusiastic overtures from the coal seam gas industry not just in the state's north east but in its central west - in the Gunnedah Basin west of Coffs Harbour - where at least three or four projects will likely face lengthy delays.

Coal exports for both energy and steel-making will grow for the next five years but minus the crazy "boom" spikes of 2008 and 2011.

Exports to India and China will overtake those to Japan for coal, shifting the role played by what was Australia's biggest coal buyer.

Hopefully, this will wear away the industry's need to cut, and bring out a desire to build.

Topics:  csg job cuts lng mining unemployment



Next NSW Premier Gladys Berejiklian to tackle One Nation

NEW South Wales’s first female Liberal premier Gladys Berejiklian has vowed to fight Pauline Hanson’s One Nation

“People want to be heard —not just at elections but at all times."

Coffs tourism overhaul announced

NEW FACE FOR TOURISM: The visitor centre at the Big Banana will soon be closing its doors.

Coffs tourism undergoes a facelift as part of new council strategy.

A special kind of love

Petbarn Coffs Harbour store manager, Adam Rose.

Find unconditional love this valentines day in a four legged friend.

Local Partners

Things to do on Australia Day on the Coffs Coast

There is plenty of activities this Australia Day on the Coffs Coast


Fans invited to meet Jets at training session

FLYING IN: Catch the Newcastle Jets at the free training session at the international stadium on Thursday.

Catch up with the Newcastle Jets at the free training session

Legendary batsman opens up

STAR: Sir Viv Richards.

Cricket hero Sir Viv Richards will tell his tale at Coffs race club

Puppetry of the Penis secrets revealed ahead of show

The famed Puppetry of the Penis is coming to the Sunshine Coast for shows in Noosa and Caloundra.

WARNING: This interview contains adult themes and traces of nuts

Kristen Stewart to host SNL

Kristen Stewart will host a pre-Super Bowl episode of SNL next month

Louis Tomlinson celebrated his son's first birthday

Louis Tomlinson and Briana Jungwirth celebrate son's first birthday

Kylie Minogue will take husband's name

Kylie Minogue will take her fiancé Joshua Sasse's surname

Nicole reveals her biggest parenting challenges

Actress Nicole Kidman.

Nicole Kidman says her kids are ‘deeply attuned' to her moods.

Suicide Squad director reveals his regrets about the film

Margot Robbie in a scene from the movie Suicide Squad.

DIRECTOR of superhero flick on what he’d change about ‘flawed’ film.

Meet the new Marco on MasterChef Australia: Yotam Ottolenghi

Israeli-born, London-based chef Yotam Ottolenghi will be a guest chef for a week on the 2017 season of MasterChef Australia.

AFTER Marco’s defection to Seven, MasterChef signs a true food hero.

Auction breaks Moonee Beach sale record

RECORD PRICE: This Estuary Dr home sold for 1.355 million at the weekend

An Estuary Dr property has achieved a record residential price

Stockland's $150m pitch: Build it and they will come

Gladstone Marina. The Gladstone Regional Council offers a range of exciting job opportunities. Photo Contributed: Murray Ware.

Here's why we need to see Stockland upgrade start soon.

Steady growth in a Coffs buyer's market

Boambee stood out as the region's most expensive suburb for houses with a $650,000 median sale price.

Lower price ranges stand out as Coffs property best sellers

Thousands of jobs part of $1b retirement village project

THIS YEAR: An artist impression of the new Aveo retirement village in Springfield.

Aveo Springfield unveiled this month, homes ready by July

Our coastline suburbs offer cheapest beach living in NSW

GOING CHEAP: You can snap up a property at Nambucca Heads for as little as $95,000.

Could you imagine buying a beach property for less than $100,000?

Ready to SELL your property?

Post Your Ad Here!