A new report has confirmed coal, gas, and minerals producers contributed a record $94.6 billion to the Queensland economy in the 2021/22 financial year.
Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said the result was a new record and up an incredible $10 billion or 12 per cent on the previous year.
“Our total figure of $94.6 billion includes a record $9 billion in resources royalties, with international demand for Queensland commodities, particularly coal and gas, driving record prices and therefore record royalties for the Queensland budget.
Mr Macfarlane said the contribution by the resources sector to regional economies and employment has continued to grow for the past five years.
“Towns and communities from the state’s north-west down to the south-east corner all benefit from the prosperity of the resources sector and our associated supply chain,” Mr Macfarlane said.
“In the past financial year, resources companies have also spent $27 billion on supporting local business, sporting groups and charities, which brings enormous social and economic benefits to mining communities.
“Significantly, coal producers accounted for 69 per cent of the money spent by the resources industry across the state.”
