FOR OUR COMMUNITY
Coal mining is the economic glue that holds the Mackay region together, making it the envy of other regional cities and towns who see their people and futures drifting away.
Glue that unites
Nothing bonds a community more than optimism, which has driven the Mackay region since its namesake settlement was established in the 1860s.
Over the past 60 years, coal mining has overtaken sugar production, forestry, fishing and grazing as the Mackay region’s economic bedrock.
In the 2018 financial year, the export coal industry contributed directly to the Mackay, Isaac and Whitsunday communities the lion’s share (97.5%) of:
· $1.1 billion in wages to 17,974 full-time employees
· $3.4 billion in locally purchased goods and services
· Financial and in-kind contributions to 261 community organisations.
Minerals and energy sector companies operating in Queensland have created almost one in three of the state’s new jobs since 2017, according to ABS data.
Consistently, the Seek job website advertises hundreds of vacant industry positions for the ‘Mackay and coalfields’ region.
Minerals and energy exports valued at more than $80 billion over the past 12 months (dominated by coal from the Mackay region) have returned $5.2 billion in royalty taxes to the government and people of Queensland for spending on government services such as hospitals, schools and roads.
Reference: Queensland Resources Council, 2017-18 economic contributions, media statements (www.qrc.org.au)
Over the past year, resources sector spending with small and medium businesses in Queensland increased by 19% with companies redirecting spending away from overseas and interstate suppliers to Queensland businesses.
In FY 2018 Queensland resources sector companies bought $19.3 billion worth of goods and services with Queensland businesses, equivalent to 69% of their total spend.
More than $8 billion was invested with 8,000 regional suppliers – one of the reasons contributing to the Mackay region having the lowest youth unemployment rate in Queensland as at February 2019.
Local spending surges, overseas plummets: QRC report (April 2019)
Regional youth unemployment, Queensland Treasury (February 2019):