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QRC Queensland resource sector: state growth outlook

2011 Report for the Queensland Resources Council


QRC Queensland resource sector: state growth outlookCapital expenditure on resource projects in Queensland in 2011 is expected to be almost double that achieved at any point prior to the Global Financial Crisis. If all the projects identified go ahead the sector will require an additional 40,000 workers, over 5,000 MW of electricity and almost 200,000 ML of water. However, there is mounting evidence that this supply side has the potential to either slow the growth of the sector or prevent it from reaching its full growth scenario potential.

On behalf of the Queensland Resources Council Deloitte Access Economics surveyed all QRC members and gathered details on 66 projects with a combined capital expenditure in excess of $142 billion over the period to 2020. The purpose of the survey is to provide a consistent point in time assessment of the demand for the labour, electricity and water that will result from the planned expansion of the sector and to assess the demand for these inputs against the current and forecast supply to identify any potential shortfalls.

The report contains key findings in the supply/demand balance for water, energy, labour, areas of incidence/prevalence/mortality, costs, trends in prevalence and costs, progress since 2007 and issues remaining to be addressed.

Structure of the report is as follows:

Executive summary
Section 1: Background: context, project objectives
Section 2: Survey methodology: design, process, response
Section 3: Context: existing activity, capital expenditure, output, implications for transport infrastructure
Section 4: Labour: existing labour market profile, survey response, demand by occupation, employment flows
Section 5: Electricity: existing market, balance projections
Section 6: Water: existing supply, survey demand results, potential supply constraints
Section 7: Conclusions

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