Daily BulletinHoliday Centre

Politics

  • Written by Matthew Canavan
The resources industry is on track to deliver another record high, with export earnings from the sector set to reach $215 billion in 2016–17 and 2017–18.
 



Minister for Resources and Northern Australia Senator Matt Canavan said the latest figures from the Resources and Energy Quarterly were good news for the industry, especially as it assesses the impact of Ex-Tropical Cyclone Debbie.
 

“The latest Resources and Energy Quarterly was completed before the impact of Ex-Tropical Cyclone Debbie.  But it shows a strong and resilient industry that continues to underpin our economic growth.,”
 

“It’s also reassuring that separate early assessments show that the Queensland resources sector should be able to absorb the impact of the cyclone.
 

“While there has been some damage to coal haulage rail lines which transport coking coal to the Dalrymple Bay and Hay Point coal terminals, the majority of mines should be able to stay open and stockpile production.
 

“At the moment the expectation is they’ll then be in a position to make up for the lost transport time over the next few months.
 

“This is in contrast to the impacts from Cyclone Yasi in 2011, where mine production was significantly disrupted and about 26 million tonnes of coal exports were lost.”
 

At the moment, it looks likely that around 12-13 million tonnes of coking coal exports will be delayed, and a further 2-3 million tonnes of thermal coal exports, although these numbers will potentially change as more information is known about the impacts.


Today’s Resources and Energy Quarterly shows that nation-wide, export volumes are projected to stay well above pre-mining boom levels out to 2021-22.
 

“Energy and resources continue to power our economy, even as we transition from the construction phase to the production phase.”
 

“That means all Australians will reap the benefits of record export earnings from the sector.”
 

The 32 per cent increase in export earnings is expected to come from price spikes in iron ore and metallurgical coal, driven by the resurgence of China’s steel sector, combined with increased LNG export volumes.
 

Bulk commodity export volumes will also rise as the production phase of the mining boom continues.
INTERWEBS DIGITAL AGENCY

Scott Morrison on Credlin

PETA CREDLIN: Thank you for your time tonight, PM I know you've got a lot on your plate. I'll get to the issue of bushfires in just a moment, but I can't let it go unremarked that with Australia Day...

Peta Credlin - avatar Peta Credlin

Scott Morrison interview with Ray Hadley

RAY HADLEY: Prime Minister, good morning.    PRIME MINISTER: G’day Ray.    HADLEY: Jeez you copped a hammering while I was away.   PRIME MINISTER: Goes with the job mate.    HADLEY: Well, yo...

Ray Hadley - avatar Ray Hadley

Immediate small business support for bushfire affected communities

In response to the devastating bushfires, the Morrison Government has today announced a comprehensive suite of measures to immediately support impacted small businesses.    This initial package ...

Scott Morrison - avatar Scott Morrison

Scott Morrison Press Conference - Australian Parliament House

Good afternoon. While we are facing more benign weather conditions in the short term, this morning, I received briefings from the Bureau of Meteorology, which set out that over the medium term out...

Scott Morrison - avatar Scott Morrison

Bushfire emergency support for primary producers

Farm, fish and forestry businesses in fire-affected regions will get the help they need to rebuild with an initial $100 million in emergency bushfire funding, which will be made available following ag...

Scott Morrison - avatar Scott Morrison

Immediate financial support for bushfire affected communities

The Morrison Government will provide an initial and immediate base payment of $1 million to 42 of the most severely bushfire impacted councils in New South Wales, Victoria, South Australia and Que...

Scott Morrison - avatar Scott Morrison


The Conversation

Business News

2019 Hottest FinTech Startups Overview

Modern technology is experiencing rapid growth, so many industries expect a so-called revolution, and the financial world is no exception. Over the past ten years, people have witnessed the emergence ...

News Company - avatar News Company

Australians need to look out for this US Crypto-platform

Good news for Aussie sports fans as UssCyber is soon to launch its very own crypto-currency sports trading platform. UssCyber, a blockchain-oriented company based in Florida, is introducing “World S...

News Company - avatar News Company

How to Choose the Right Data Recovery Solution for your Business

In the modern business environment, data is one of the most important commodities. A typical B2C seller, for instance, offering home delivery service cannot deliver the product to the right addres...

News Company - avatar News Company

Travel

The Family Travel Handbook from Lonely Planet

Everything you need to know to take unforgettable trips with your children   Full of practical advice, ideas and inspiration for every type of family, Lonely Planet's The Family Travel Handbook ...

Adam Bennett - avatar Adam Bennett

3 Ideas for a Family-Friendly Holiday to Bali

A family holiday is always an exciting time, but it can often come with its fair share of challenges, especially when trying to keep every member of the family happy. Thankfully, the beautiful islan...

News Company - avatar News Company

The Best Things to Do in Adelaide Hills

Adelaide Hills has long been a relaxing escape for the people of Adelaide and beyond. Its proximity to the capital makes it an accessible destination that feels like you’re miles away from the hustl...

News Company - avatar News Company

ShowPo