The Queensland Resources Council says it is ready to get to work with the re-elected Labor Government and its new Mines Minister to deliver on a Resources Industry Development Plan.
QRC chief executive Ian Macfarlane said the plan, which Treasurer Cameron Dick endorsed prior to the election campaign, was a blueprint for the growth of the coal, metals and gas sectors to supercharge Queensland’s economic recovery from COVID-19.
He said Labor’s re-election as a majority government was great news for the resources sector and negated the impact of the Greens, whose anti-mining policies would have shut down the industry and put thousands of Queenslanders out of work.
QRC’s election advertising urging voters to put the Greens last landed it in hot water with member companies including BHP during the campaign.
The peak body also issued a public statement two days out from the election voicing disappointment at Premier Annastacia Palaszczuk’s refusal to guarantee Labor would not increase royalty rates on coal, metals and gas over the next four years if re-elected to govern Queensland.
In contrast, the LNP provided a guarantee for a 10-year hold at current levels on royalty rates on these commodities.
Before the election the QRC had secured bipartisan support for a Resources Industry Development Plan on behalf of the state’s explorers, producers and suppliers.
“In the lead-up to the election, the QRC received the most comprehensive set of election commitments from major parties the resources industry has seen in more than two decades,” Mr Macfarlane said.
“The resources industry, which contributed $82.6 billion in the past financial year to the state economy plus $4.5 billion in royalties, looks forward to working closely with the next government to secure our state’s long-term economic and environmental wellbeing by producing, working and earning our way out of COVID-19.”
Mr Macfarlane said receiving a commitment from the new government that it would not increase royalty rates during its four-year term remained a priority for the resources sector.
He said one of the first tasks for the Government was to give the green light to New Hope’s New Acland Stage 3 mine project and the 600 jobs that would come with it.